Revel has a 2 Billion Word Vocabulary

Our smart deep learning machine knows more than 2 Billion mortgage-specific terms contextualized for UK’s lenders.  With that foundation in place, you’ll enjoy a faster and de-risked deployment of AI.

Complete: Ensures application packs are not missing any vital documents or pages

Correct: Ensures loan data is within lending criteria, policy guidelines you pre-set

Consistent: Ensures loan data elements are reconciled across multiple documents in real time

Compliant: Support Compliance teams with insights on fraud. Do right by your customers.

In the ever-changing landscape of the Mortgage Lending UK Market, the Gross lending doubled in last decade with limited product innovation, but net lending is still low.

The current origination process across lenders in the mortgage industry is lengthy and frustrating. The typical lending process in the mortgage industry requires around 40% manual intervention, with multiple weeks as an average time to offer (from start to finish). With high time to offer, frequent cancellations, revenue leakage, poor colleague-broker-customer experience and high manual errors, the mortgage lending process is cumbersome.

To streamline and make this entire process smooth, introducing Digiliytics RevEL for Mortgage Lending in the UK. It’s an AI powered product.

Mortgage Solutions
Digilytics AI launches to UK market to provide ‘first time right’ mortgage applications
Fintech company Digilytics has entered the UK mortgage market by partnering with lenders Together Money and Decimal Factor ... READ MORE Twitter

On Demand Speed & Perfection. Built for UK

Mortgage Tech can seem confusing and even a little daunting.That’s why we let our track record speak for itself.

Revel by the numbers:

  • 99% bank statements read
  • 2.5M+ of income documents read
  • 97% accuracy of data extracted from affordability documents
  • 97% accuracy of data extracted from bank statements
  • 28+ months of continued 99.5+% availability
  • 30% reduction in time to offer
  • 40% increase in productivity
  • 15% increase in gross lending
UK
Straight from the UK

In the UK, Mortgage Lenders regard Digilytics as an AI & Deep Machine Learning Powerhouse.

With Revel, lenders process loans quickly, confidently, and more profitably. With complete, validated data from the start, lenders can achieve a one touch loan by underwriters and processors.

Digiliytics RevEL for AI financial services is first of its kind, easy to use AI product for revenue growth, built on the most advanced AI technology, making the lending experience seamless. It reduces time to offer for mortgage lenders. The product can be launched from an existing loan origination system, with bulk document upload and document classification into configured file structure. This reduces non-value manual tasks, augments decision making by providing granular visibility.

Digiliytics RevEL has the capability to extract data from the document and map it onto relevant fields of Loan Origination System, perform data validation and annotation check on the documents. RevEl for financial services improves the broker/customer experience, accuracy, increases colleague’s productivity, reduces cancellations, and increases repeats.

With Document comparison view, case risk score with label of standard/accelerated case and document pending alerts, RevEL for AI financial services helps you predict service level agreement breaches specifically catering to the Mortgage Lending UK Industry.

Why Revel for Financial Services?

Base your lending outcomes on accurate evidence

Create a frictionless service proposition for loan originations

Avoid inconsistency in assessments and/or user error

Repurpose FTE towards Value Add Tasks

Download Latest Resources + MORE

Press Release equifax
Equifax partner announcement

Equifax UK Partners With Digilytics AI to Reduce Time to Offer by 30% For Mortgage Applications

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Mortgage Processing- Lender Experience Optimization

In this blog learn how lenders can optimize their lending process. Read more here.

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Blog What is the need for speed in first time right applications for lenders?
The Ask from a New Age Lender

Leveraging new-age technologies to massively cut down cycle times. Read our latest blog to know more.

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Blog What is the need for speed in first time right applications for lenders?
What is the need for speed in first time right applications for lenders?

The latest technological revolution pivots around artificial intelligence and machine learning technologies, leveraging their “smartness” for various purposes.

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How bank statements augment open banking?

As of the end of 2020, 24.7 million people worldwide use open banking. The estimated growth rate is at a whopping 50% between 2020 to 2024.

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Blog How is pack quality important in first time right applications?
How is pack quality important in first time right applications?

According to Fannie Mae, 69% of buyers would apply for mortgages online.

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Blog Accelerate Time to Offer for Specialist Lenders with RevEL
Accelerate Time to Offer for Specialist Lenders with RevEL

There are several different mortgages that one can apply for in the UK mortgage market.

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Blog Income Verification During the Mortgage Application Process
Income Verification During the Mortgage Application Process

Companies fixated on quick wins and easy growth, are increasingly innovating to sell to existing customers. Cross-selling to a customer is however different from up-selling to a customer.

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Why Mortgage Lenders Should Invest in AI Technology
Why Mortgage Lenders Should Invest in AI Technology

Artificial intelligence (AI) grows more sophisticated by the day, and it continues to make work easier

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Top 5 Challenges in getting a unified case pipeline view in the mortgage journey
Unified Case Pipeline View in the Mortgage Journey

A lot goes into buying and building your dream home or establishing your business from scratch.

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Customer Testimonials

Tamsin Miller-Cheevers
Tamsin Miller-Cheevers
Operations Manager at Cubefunder - Flexible Business Loans

We at Cubefunder have been using Digilytics' services to help us upload and extract PDF data from bank statements ...

Tracey
Tracey Bailey
Head of Lending Transformation
Together Money

We have been working with Digilytics to review the efficiency of our mortgage underwriting process.

Irene Thomas
Irene Thomas
Ex Commercial Operations Director
Together Money

We are pleased, that with Digilytics™ RevEL, Together has broken new ground in its use of the latest ...

Manoj
Manoj Karkhanis
CEO, Decimal Factor

I am pleased, that with Digilytics™ RevEL, Decimal Factor has broken new ground in its use of the latest extraction technology. We have developed..

Stuart
Stuart Hodgson
CTO | CIO | CDO at JLG group PLC

Our work with Digilytics has unlocked tremendous value across our lending operations. They are extremely easy to work with a long term view ...

Peter
Pete Ball
CEO Personal Finance, Together – loans, mortgages & finance

We have developed a great partnership with Digilytics AI. With Digilytics RevEL, Together has broken ..

If you’re ready to discuss your challenges, we’d love to hear from you.

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