Revel First time right applications for lenders

The Digilytics Revenue Elevation Platform

Revel levels the playing field, allowing lenders of any size to implement a modern AI & Machine Learning infrastructure.

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What is first time right application?

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Benefits

Underwriters can save time on repeated, redundant and mundane manual tasks like printing, physical transfer of files, piling up of files/cases with AI enabled data capture and entry into origination system.

Automatic validation and Day 1 underwriter requirements at time of submission, electronic annotation of case documents, simultaneous and parallel processing of case file with full versioning and audit trail enable a seamless lending experience.

With classification of cases into Standard and Accelerated, underwriters can speed up their lending process.

Algorithmic assignment of cases to underwriters to maximise SLA adherence with conversational support for case specific queries enable a fast-seamless experience.

Automated decisioning support for Accelerated cases and search on underwriter notes reduces the time and fosters quick decision making.

Achieve granular visibility of case status and bottlenecks with a near real-time visibility of status to customer / intermediary.

Real-time SLA monitoring, predictive alerts on SLA breaches document expiry and load balancing capability based on underwriter workload.

Integrates with the transaction systems, and can be easily used by underwriters with minimal training.

Modules

Bulk document-set reader

Instant validation of supporting documents (correctness & consistency)

Document versioning & duplication

Audit compliance, single source of truth

Digital annotation for notes reference

Connectors for third party data sources

Uberification of underwriting

Modelled case risk calculation

Intelligent case classification into multi speed queues

Automated case load balancing

Case rationale model explainability for compliance

AI-enabled Review-Understand-Recommend-Act (RURA) cycles

Real time visibility of case status, history and notes

Conversational chat interface for ad hoc queries

Real time notifications on pending tasks/documents

Visibility of case pipeline, pending tasks etc.

Real time predictive alerts and notifications on SLA breaches, doc expiry

Collaborate seamlessly across teams

Blog: One-shot Learning AI technology in Mortgages Whitepaper: Accelerating Time to Offer in Mortgages Blog: Making First Time Right Applications in Mortgages

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