First-time homebuyers will find the entire process complex and nerve-racking to wait to see if their mortgage application was approved or not. AI is Now Streamlining the Mortgage Application ProcessWe have all experienced or heard about the advancements in artificial intelligence (AI) technology over the last decade. Now it has been integrated into the mortgage application process for individuals seeking financing to buy a home. Phast Funding is one example of a lender that uses AI to streamline the mortgage application process for applicants. Imagine how difficult it is for someone who has never purchased a home before to navigate the lending process.