Creates a unique mortgage service proposition driving market share growth
Minimal upfront investment, available on secure SaaS platform
Plug and play bolt-on product, no need to replace current mortgage systems
In the ever-changing landscape of Mortgage Lending, the cost to originate doubled in last decade with limited product innovation and declining margins.
The current origination process across lenders is lengthy and frustrating. The typical lending process requires around 40% manual intervention, with multiple weeks as an average time to offer (from start to finish). With lengthy turn times, poor communication amongst parties, and high manual process, the mortgage lending process is cumbersome.
To streamline and make this entire process smooth, introducing Digilytics RevEL for Mortgage Lending. It’s an AI powered product that sets you up for growth and success.
Digilytics 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 originate 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.
Digilytics 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 loan officer/customer experience, accuracy, increases processer & underwriter, productivity, increases pull-through rates, and increases repeat business.
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.