Revel Intelligent Affordability for mortgage lenders

With Revel’s Intelligent Affordability avoid juggling between multiple documents and data points to analyse income and expense. Get a consolidated overview for every borrower configured to your requirements for faster decisioning.

Why Digilytics RevEL for Financial Services?

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Creates a unique mortgage service proposition driving market share growth

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Minimal upfront investment, available on secure SaaS platform

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Plug and play bolt-on product, no need to replace current mortgage systems

Over the years in mortgage origination, digitisation of paper documents has led to the growth of image data in volume, velocity, and variety. Organisations have been trying to generate insights from these data to improve the business processes and add value to the business. Nevertheless, almost every organisation is struggling to ingest and capture relevant data from the images due to high complexity and lack of tools to automate these processes. It is time consuming, and inefficient in most of the cases, and requires significant level of manual processing. It gets more difficult while handling non-standard or unstructured documents.

Creating value from the image data has become a time consuming and ineffective process leading to poor data quality and lack of insights.

An Intelligent Data Capture platform needs to handle a diverse input and technical parameters, and expectations of every client demands customisation, which needs to be implemented with quicker turn-around time.

Revolutionizing mortgage origination process, leveraging AI

Salient features of an Intelligent Digital, Mortgage Origination

  • Data capture and input from multiple sources
  • Data extraction capabilities for multiple languages
  • Integration into existing business process management systems
  • Document classification using NLP and text analytics
  • Intelligent automation and decision making
  • Secure and reliable system that protects interests of multiple parties
  • Document storage capabilities
  • Best in class user experience

Benefits

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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