newsfilter
← Latest News
PR Newswire·

Automax.ai Wins Innovation Challenge at LendingTree's 2026 Lender Summit

  • Automax.ai won the 2026 LendingTree Innovation Challenge at the annual Mortgage Summit held in Charlotte, N.C. on Nov. 9, 2026.
  • The AI-native platform modernizes property appraisals by combining digital inspections, 3D modeling, & artificial intelligence.
  • Users can conduct guided video walkthroughs to capture over 800 data points on property conditions, reducing reliance on traditional in-person inspections.
  • Generated 3D models allow appraisers to verify details, potentially supporting appraisal waivers or enabling AI-assisted report completion.
  • The system delivers average turnaround times of one to three days, with reports finished within 24 hours of inspection.
  • Automax.ai reports cost savings of $50 to $100 per appraisal compared to traditional methods.
  • Judges from Armed Forces Bank, BankSouth Mortgage, & Envoy Mortgage selected the winner based on criteria including conversion potential, market relevance, & product quality.
  • LendingTree, Inc. hosted the event to highlight fintech solutions that improve efficiency & transparency for lenders, borrowers, & appraisers.
Company
LendingTree, Inc.
Keywords
LendingTree, Inc.