Lender Toolkit’s AI Underwriter™ transforms the mortgage process by generating loan-level demand lists in 90 seconds or less

The AI-powered platform accelerates the underwriting process through its strategic mortgage automation capabilities.

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SALT LAKE CITY, Aug. 2, 2022 (GLOBE NEWSWIRE) — With loan officers and processors traditionally having to rely on educated guesswork during the origination process, Lender Toolkit’s AI Underwriter™ has become a revolution in the onerous underwriting process sexual solutions. AI Underwriter™ takes the guesswork out of providing data-driven upfront conditions at the loan level. This creates consistency throughout the mortgage manufacturing process and provides loan officers with the ability to secure underwriter conditions in real time, rather than the 24-48 hour waiting period very common in manual processes.

Access AI Underwriter’s™ validated data-driven approvals at the push of a button. As a result, loan processors, loan officers, borrowers and underwriters can all benefit from this innovation.

With AI Underwriter™, the processor can automatically check multiple data points such as customer credit report information, AUS (Automated Underwriting System), appraisal reviews, and even FHA (Federal Housing Administration) connections. The platform also provides loan-level listings to help processors determine relevant information in a given document and replaces product-level listings with loan-level conditions.

This loan-level reconciliation capability allows lenders to provide information to borrowers in real-time. This enhances the customer experience, as borrowers can instantly identify what is needed to close a loan. This leads to more referrals from real estate agents and saves loan officers time. It also gives loan officers a competitive advantage, as the technology is critical for pre-loan approval.

Underwriters can improve the consistency of their submissions by avoiding all the tedious tasks associated with conditional documents. AI Underwriter™ automatically completes document due dates, settlement instructions, cash settlement totals, and more.

Underwriters can maintain complete confidence knowing that AI Underwriter™ will capture parts of their state-specific net tangible earnings disclosures, corporate coverage and secondary loan program conditions (including non-QM, jumbo and bond loans) that may be missed any content. Lender Toolkit’s new Prism feature also offers time-saving benefits, as the platform automatically calculates the processor’s revenue, eliminating the need for underwriters to do manual calculations.

AI Underwriter™ can integrate with credit providers such as CoreLogic Credco (digital certificates), Equifax Mortgage Solutions and MeridianLink, Inc., and AMCs (assessment management companies) such as Mercury, Dart Appraisals and ValueLink Core (MyAMC). Fraud tools and AUS (Automated Underwriting System) such as Fannie Mae Desktop Underwriter (DU), Freddie Mac Loan Prospector (LPA) and FHA Master Scorecard.

The vast majority of competitors cannot offer a level of customization through the AI ​​Underwriter™ platform. Using the Condition Builder feature, users can customize and add any of the 600+ available conditions, including custom programs, overrides, and more. The feature even allows custom fields to be used in the user’s system, adding another layer of customization to the process.

To learn more about Lender Toolkit’s innovative and transformative AI Underwriter™ platform, visit https://hubs.la/Q01hj7lM0.

About the Lender Toolkit

Lender Toolkit is the partner of choice for delivering the digital mortgage experience you want. Lender Toolkit’s leading technology solutions, combined with our technical and business experts, allow us to help our customers get the most out of Encompass and its integrated capabilities.

Contact information

Brent Emler, Director of Sales

sales@lendertoolkit.com / 801-784-6514

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Figure 1: AI Underwriters

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