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08-23-2023, 03:49 PM #1
Reputation points: 1277
- Join Date
- May 2017
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- 25
Leveraging AI in Cash Advance
How soon until AI takes away the sales role? I think someone will always be needed but it's getting more and more powerful. This goes across multiple industries
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08-23-2023, 04:29 PM #2
Reputation points: 3963
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- Jun 2023
- Location
- NJ
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- 11
You can probably count on there being platforms for inbound funding with some facilitation with an AI, I don't think there will ever be outbound AI sales that compete on the level with a trained broker / in house funder
Back office will likely end up working with AI first, but it still wont replace the individuals on a meaningful level either. As it becomes cheaper to have an AI scrub a file and check for fraud and the usual dings you'll probably start seeing it more and more. Outright replacing Underwriters and Processors, probably not for a long time
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08-23-2023, 04:42 PM #3
Reputation points: 226631
- Join Date
- Feb 2017
- Posts
- 3,418
So far it's just a glorified tape recorder. It will make all of us much more efficient, but it won't likely totally take away the job. There's already a shortage of workers. I have written a LOT of stuff with ChatGPT but it almost always needs to be edited. That day I was able to stop work earlier, rather than work late. APIs and Zapier linked with Slack and SignNow has been something that's taking a big part of my business. Integrate AI and adapt to using it, everyone should know how to manipulate AI to get the right answers.
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08-23-2023, 05:19 PM #4
Reputation points: 232
- Join Date
- Jan 2020
- Posts
- 88
R u still in JLM/Jeru?
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08-24-2023, 03:39 PM #5
I utilize AI to produce leads. It works great. I have to constantly turn it down so as to not overwhelm my sales staff.
AI is 100% the future of the industry.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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