Upstart Mortgage LLC (Company)

Upstart is a leading artificial intelligence (AI) lending platform designed to improve access to affordable credit while reducing the risk and costs of lending for our bank partners. By leveraging Upstart's AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates^*, while simultaneously delivering the exceptional digital-first lending experience their customers demand. AI is upending existing industries and creating new ones. Whether self-driving cars, home assistants, or language translation, software that learns and improves on its own has moved from research labs to the mainstream in just a few years. Upstart is one of the first to apply AI to the multi-trillion dollar credit industry. Upstart goes beyond the FICO score, using non-conventional variables at scale to provide superior loan performance and improve consumers' access to credit. The system improves constantly, learning and optimizing in response to daily loan-level repayment and delinquency data. Upstart's model is significantly more accurate than traditional lending models; allowing us to approve more applicants at lower loss rates.