A mortgage lender has created an online application that collects borrower information and delivers a...

The right not to be profiled is the right of data subjects to not be subject to a decision based solely on automated processing, including profiling, which produces legal or similarly significant effects on them. The online application that delivers a mortgage decision automatically based on criteria set by the lender is an example of such a decision, as it affects the data subject’s ability to obtain a loan.

References:

What exactly is ‘profiling’ under the GDPR - DMA

Can I be subject to automated individual decision-making, including profiling - European Commission