Mortgage Loan Processing Agent
Automate tedious calculations and data input to significantly increase mortgage fundings.
Automate tedious calculations and data input to significantly increase mortgage fundings.
The Mortgage Loan Processing Agent is used as a tool by processing teams at banks, credit unions, and brokerage firms to expedite the review process and shorten the time to funding for their mortgage applicants.
Processing teams can interface with the Agent to ask for the completion of task-based assignments. The Agent automatically interprets tax documentation and financial statements provided by applicants. That data is used to complete needed application variables prior to being submitted to an investor partner or internal underwriting team. Instead of taking hours to complete checklists on each loan, the processor now only needs to review the Agent's work, which can be completed in a matter of minutes.
Automatically read tax documents to calculate eligible income.
Calculate important underwriting ratios with high accuracy.
Stay in one system to send secure document requests.
The Agent reduces the cognitive load of each of the processors on the team. The processors can focus on taking on additional loans and managing more complex underwriting questions, instead of completing repetitive tasks. Human capital can focus on higher-value work to increase revenue for the organization.