According to HousingWire, AZP Insurance Specialists has given its highest certification to Gateless Smart Underwrite, making it the first company to achieve Platinum status under AZP's new AI Mortgage Technology Certification framework. This certification program evaluates artificial intelligence and technology providers in the mortgage space, with particular attention to how well they handle governance, controls, transparency, operational maturity, and risk management.
The Platinum designation isn't just an award for good intentions. AZP's certification framework can also open the door to insurance protection against certain mortgage-related risks, including representation-and-warranty claims, backed by a Lloyd's of London policy underwritten by Munich Re. The framework represents a meaningful attempt to bring accountability and measurable standards to AI underwriting at a time when the mortgage industry is increasingly concerned about these tools.
What really stands out about Gateless earning this top-tier certification is the performance track record behind it. The platform has been used to manufacture and sell more than two hundred thirty thousand loans without generating any reported claims. That kind of clean performance record is exactly what lenders need to see when considering whether to trust AI-driven underwriting in their operations.
Gateless was founded in 2020 and uses a combination of industry expertise, robotic automation, machine learning, and vision-based AI to streamline mortgage processes. The company's president emphasized that from the start, they believed AI underwriting needed to prove itself through actual performance, solid controls, and complete transparency rather than just promise.
What I am seeing locally here in the Bay Area and East Bay is that lenders are becoming more cautious and selective about which technologies they adopt. When a platform like this gets certified and demonstrated to work without claims across a meaningful number of loans, it gives borrowers and lenders alike more confidence that automation can actually improve the underwriting process rather than create new problems down the road.
