Friday Harbor is an AI-powered mortgage origination platform that helps loan officers assemble complete, accurate, and fully underwritten loan files in real-time. Friday Harbor uses artificial intelligence to streamline the mortgage origination process, providing tools for both loan officers and support staff to boost productivity and improve borrower experience.
The core offering is its AI Mortgage Originator Assistant, which assists loan officers by:
- Using a Dynamic Checklist to ask borrowers tailored questions and collect essential documents
- Running AI Underwriting to review applications instantly and flag any issues before they become bottlenecks
- Providing a Scenario Desk to structure deals and answer questions based on both guidelines and real-time borrower documents
These features are designed to reduce manual work, ensure files are cleaner for support staff, let loan officers focus on customer service rather than compliance guidelines, and help borrowers reach clear-to-close status more quickly.
Who Uses Friday Harbor?
Friday Harbor serves a range of mortgage professionals and organizations looking to modernize their origination workflows. Their platform is adopted by:
- Developers
- NewFed Mortgage
- First Option
- Partners Bank
A recent case study highlights how Partners Bank was able to close home loans in as few as 7 days using Friday Harbor's technology (see case study).
What Makes Friday Harbor Different?
Friday Harbor differentiates itself by focusing on real-time, AI-driven underwriting and workflow automation. Its dynamic tools empower loan officers to build complete files without waiting for traditional manual checks, reducing errors and accelerating the time to close.
Leadership Team
Friday Harbor is led by a team with a mix of engineering and mortgage industry expertise:
- Theo Ellis (Co-Founder & CEO)
- Dan Goldman (EVP of Customer Success)
- Paddy Quinn, Ciro Chang, Montana Gau, Lisa Casner (Founding Engineers)
The company also benefits from a board of advisors including executives from major mortgage organizations such as NewFed Mortgage Corp., Developer's Mortgage, First Option Mortgage, First Community Mortgage, and Lighthouse Advisors.
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