When an AI-Generated Pre-Approval Letter Becomes an Application: The Reg B Line Digital Lenders Keep Crossing
A pre-approval letter is a sales asset to the growth team and a legal event to the compliance team, and an AI agent that issues them at scale sits exactly on the seam. Whether the letter is a prequalification, a preapproval, or an application changes what the lender owes the borrower: an adverse action notice on a decline, a Loan Estimate in three days, a fair-lending record of the criteria applied. How we build the agent to know which of the three it just produced, and to never issue the strong letter off the weak file.