Kastle Named Winner of LendingTree's 2024 Innovation Challenge with Groundbreaking AI Voice Technology

Rhea-AI Summary

LendingTree announced Kastle as the winner of their 2024 Innovation Challenge during their annual Lender Summit. Kastle won with their groundbreaking AI Voice technology, demonstrated through a live customer interaction showcase by CEO Rishi Choudhary. The San Francisco-based company's solution offers mortgage lenders a controlled and compliant way to interact with consumers.

The winner was chosen through combined votes from judges and lending industry professionals attending the summit. Kastle's technology stood out for its potential to transform borrower experience while reducing costs and time in loan production and servicing, marking a significant advancement in mortgage industry innovation.

CHARLOTTE, N.C., Nov. 26, 2024 /PRNewswire/ -- LendingTree^®, the nation's leading marketplace for loans, credit cards, and insurance and more, recently held the company's annual Lender Summit, bringing together America's top lenders and industry experts to discuss the challenges and opportunities available within the mortgage industry. During the event's annual Innovation Challenge, Kastle was named the winner with their AI Voice technology, a groundbreaking solution for the mortgage industry.

In an era where artificial intelligence (AI) is on the forefront of every business leader's mind, many companies find themselves at a crossroads, struggling to effectively integrate AI into their operations to enhance growth and efficiency. Kastle's CEO, Rishi Choudhary, captivated the audience with a compelling live demonstration showcasing voice AI engaging in a realistic customer interaction.

Headquartered in San Francisco, Kastle's innovative approach offers the mortgage community a highly effective means to interact with their consumers in a manner that is both controlled and compliant, delivering on the promise of affordability and ease of implementation.

"It's been exciting to partner with lenders and servicers to shape the future of AI in lending," said Rishi Choudhary, Kastle Co-Founder and CEO. "We're starting with Voice AI and rapidly expanding to other manual tasks in loan production and servicing. AI will transform the borrower experience while significantly cutting costs and time, and we're thrilled to help lenders bring this technology to life faster."

The accolade of winning the Innovation Challenge was determined by a combined vote from judges and attendees, all of whom are professionals within the lending sphere. Kastle's technology emerged as the top contender, receiving the highest score for its potential to make a positive impact on businesses and consumers.

This year's LendingTree Mortgage Summit once again highlighted the immense potential of AI to revolutionize the mortgage industry. The success of Kastle's demonstration is a testament to the LendingTree's forward-thinking approach and its commitment to driving innovation in the sector for both borrowers and lenders.

For more information on Kastle and their award-winning AI technology, please visit www.kastle.ai

About LendingTree, Inc.

LendingTree (NASDAQ: TREE) is one of the nation's largest, most experienced online financial platforms, created to give consumers the power to win financially. LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of over 1,000 financial partners. Since its founding, LendingTree has helped over 129 million customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins.

LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please visit www.lendingtree.com for additional information.

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SOURCE LendingTree, Inc.

FAQ

What did Kastle win at LendingTree's 2024 Innovation Challenge (TREE)?

Kastle won LendingTree's 2024 Innovation Challenge for their AI Voice technology, which demonstrated innovative customer interaction capabilities for the mortgage industry.

How was the winner of LendingTree's 2024 Innovation Challenge selected (TREE)?

The winner was determined by a combined vote from judges and attendees, all professionals within the lending industry, who evaluated the technology's potential impact on businesses and consumers.

What is Kastle's AI Voice technology showcased at LendingTree's summit (TREE)?

Kastle's AI Voice technology is a solution that enables mortgage lenders to interact with consumers in a controlled and compliant manner, promising affordability and easy implementation while reducing loan processing time and costs.