TD Bank AI: Mortgages & HELOCs Processed in Minutes

TD Bank Group has launched its first agentic AI model to speed up mortgage and Home Equity Line of Credit applications. This new system can reduce processing times from an average of 15 hours to less than three minutes. What's interesting is how it works: the AI automates the pre-adjudication stage by creating summary memos for underwriters. It classifies documents, extracts key information, validates data, performs consent checks, and flags discrepancies. This all happens before a human reviews it. The bank says this technology also improves accuracy and lowers costs. This move is part of TD's larger AI strategy, aiming to generate $1 billion in annual value from AI in the coming years. The bottom line: this could mean much faster lending decisions for you.