Phoenix – September 28, 2026 -- AZP Insurance Specialists has awarded Platinum certification to Gateless' Smart Underwrite®, marking the first technology provider to clear AZP's new AI Mortgage Technology Certification framework at its highest of four tiers.
Gateless earns top rating after 230,000 loans processed with zero claims
The Platinum designation reflects the performance of more than 230,000 loans manufactured and sold by lenders using Smart Underwrite®, all without a single claim filed. AZP said the certification evaluated the platform's governance, controls, auditability and operational maturity before granting the top rating.
AZP's insurance track record spans $2 trillion in mortgage principal
AZP and its predecessor organizations have placed representation-and-warranty insurance on more than 5 million mortgage loans representing over $2 trillion in principal. Insurance-backed protection for qualifying AI technologies is provided through a Lloyd's of London policy underwritten by Munich Re, subject to underwriting requirements and policy terms.
Arthur J. Prieston, Chairman of AZP Insurance Specialists, said the certification framework was built on decades of actual mortgage risk and claims experience rather than a generic technology audit. "We know what good systems look like, what creates uninsurable risk and what happens when something goes wrong," he said.
Certification links AI performance to insurable risk protection for lenders
The framework is designed to independently evaluate AI and advanced technology providers serving mortgage manufacturing and, for qualifying technologies and transactions, offer a pathway to separately underwritten insurance-backed protection for defined representation-and-warranty exposures, including covered repurchase losses.
Rick Lang, President of Gateless, said the independent certification and the availability of insurance-backed protection for qualifying clients add validation as Smart Underwrite® continues to be deployed across the industry.
Phil Shoemaker, Chief Executive Officer of The Loan Store, a national wholesale mortgage lender, said certification gives lenders confidence that AI underwriting tools carry the discipline and accountability needed for adoption at scale, while keeping lenders in control of the process.