MIAMI & NEW YORK — Palantir Technologies, the AI company that is backed by investor Peter Thiel, among others, has become the latest to enter into a partnership aimed at AI-backed mortgage lending decisions.
RocketClose is also touting hyper-fast closings.
Palantir said it is partnering with Moder to develop an artificial intelligence-powered mortgage operations platform, with Freedom Mortgage serving as the initial pilot customer.
The companies said the platform will combine Palantir’s data and AI capabilities with Moder’s mortgage industry expertise to streamline lending operations, with the stated goals of improving affordability, reducing borrowing costs and expanding access to homeownership.
The system is built on Palantir’s Ontology technology, which the companies said enables an “agentic AI” framework capable of integrating with existing systems of record. The platform translates lending guidelines and operational policies into configurable, testable and auditable rules, allowing mortgage teams to execute processes with greater speed, accuracy and scalability, the companies said.
The Early Developments
Early deployments at Freedom Mortgage have already supported several operational functions, the companies said, improving processing times and accuracy for both staff and borrowers, the companies reported.
Michael Middleman, chairman of Moder, said in a statement the collaboration has the potential to reshape mortgage operations, while CEO Erik Anderson said the combined capabilities are already producing measurable improvements in efficiency and the customer experience.
47-Second Mortgage
As the CU Daily reported here earlier, numerous AI-backed initiatives in mortgage lending have been announced, with the mortgage platform Better saying it has partnered with OpenAI to launch an app within ChatGPT that the companies said will dramatically reduce the time it takes to underwrite a mortgage or home equity loan to as little as 47 seconds.
The app takes Better’s mortgage engine and combines it with OpenAI’s models to speed up the underwriting process for loan officers working at banks, mortgage brokers and fintech firms, Better CEO Vishal Garg told CNBC in an interview.
In addition, earlier, in 2025, Fannie Mae partnered with Palantir on fraud detection initiatives, while Better previously used Palantir technology to launch its Tinman Marketplace in 2022.
The companies said the new platform could help mortgage providers reduce operational costs, accelerate loan processing and increase lending capacity through more automated and precise workflows.
Rocket Close Rockets Approval Time
Separately, Detroit-based Rocket Close said it has cut mortgage document processing times from hours to minutes after deploying a generative artificial intelligence system developed with Amazon Web Services.
The company, which processes roughly 2,000 abstract document packages each day, previously relied on manual workflows that could take up to 10 hours per package as volumes increased, HousingWire reported. Each package averages about 75 pages and includes detailed legal and financial records tied to property ownership and lending.
With the new AI-driven system, processing time has been reduced to less than two minutes per package while maintaining about 90% accuracy in document classification and data extraction, according to HousingWire.
Humans to Remain Involved
Nathan Schrauben, Rocket Close’s chief information officer, said human oversight remains a key part of the process.
“The human will step into almost all of the transactions, whether it’s verifying the data or looking at the exceptions,” Schrauben said, according to HousingWire. “That ensures we’re doing the right thing for our clients and making sure they have the proper homeownership rights to the property.”
