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New American Funding deploys Kastle AI for customer service

Created at 20 Aug · 3:11 PM1 source↑ Market-relevant
IN SHORT

New American Funding is partnering with Kastle to implement AI-powered voice agents for end-to-end customer interactions and 24/7 self-service. The move aims to reduce hold times, scale contact volumes, and ensure compliance.

Key Numbers

24/7self-service availability

Who's Involved

New American Funding
Mortgage lender deploying AI voice agents
Kastle
Provider of AI voice agent technology
Christy Bunce
President of New American Funding
Rishi Choudhary
Co-founder and CEO of Kastle
New American Funding deploys Kastle AI for customer service

↳ Why This Matters

This partnership signifies a growing trend in the mortgage industry to leverage AI for improving customer service efficiency and compliance, potentially setting a new standard for borrower and employee support.

Key facts

  • New American Funding has partnered with Kastle to integrate AI voice agents.
  • The AI agents will manage customer interactions and offer 24/7 self-service.
  • The technology is designed to reduce customer hold times and increase service capacity.
  • Kastle's solution includes a Compliance Engine to adhere to regulatory requirements.
  • The partnership aims to maintain consistent service and compliance with rising customer contact volumes.

New American Funding has announced a partnership with Kastle to enhance its use of artificial intelligence, specifically by deploying AI-powered voice agents. These agents are designed to manage customer interactions from beginning to end, offering a 24/7 self-service channel. The primary goals of this integration are to reduce customer hold times, scale the volume of customer contacts the company can handle, and ensure compliance through built-in procedures.

Christy Bunce, president of New American Funding, stated that Kastle AI will enable the company to serve customers with greater speed and consistency throughout the loan lifecycle. She highlighted Kastle's ability to tailor AI agents to their specific needs, allowing for testing and refinement before live deployment. The partnership also focuses on maintaining compliance and consistent service as customer contact volumes grow.

Kastle's AI agents are specifically built for consumer lending workflows and incorporate what the company calls Safe Execution Procedures (SEPs) for complex, multi-step mortgage transactions. Their Compliance Engine integrates regulatory requirements into the execution layer, aiming for consistent service regardless of the time of day. Rishi Choudhary, co-founder and CEO of Kastle, noted that New American Funding understands the importance of embracing AI without compromising compliance or control to better support customers.

Frequently asked questions

The main goal is to expand the use of AI by deploying voice agents to handle customer interactions, reduce hold times, and provide 24/7 self-service.

They will help manage customer interactions, reduce hold times, scale contact volumes, and support compliance with built-in procedures.

It is a feature that incorporates regulatory requirements into the AI's execution layer to ensure consistent service and compliance.

What Happens Next

01Kastle AI agents will be tested and refined before going live.
02New American Funding will monitor the impact of AI agents on customer interactions and operational efficiency.

How It Developed

New American Funding partnered with Kastle to deploy AI voice agents.
The AI agents will handle end-to-end customer interactions and provide 24/7 self-service.
The deployment aims to reduce hold times and scale contact volumes.
Kastle's AI includes a Compliance Engine to maintain regulatory requirements.
The partnership seeks to ensure consistent service as customer contact volumes increase.

Sources

T1
New American Funding partners with Kastle to deploy AI agentsHousingWire

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