Cognitive Robots

According to industry experts, there are theoretically >60 areas in the loan life cycle that can be automated. For today’s typical lender, most of these processes are manual because they require document handling and while some semi-automation exists, none of it is integrated.  Until now. 

AI Foundry has developed an intelligent processing automation platform that integrates computer vision, machine learning, and robotic processing. The platform deploys cognitive robots that significantly automate and boost productivity in individual business process stages as well as an entire business process from end to end.

Select (+) from the diagram below to review the cognitive robots available that can automate a significant number of tasks in the loan life cycle. 

Solutions
Solutions

Community Document Model
with Document Indexing & Filing Robot

Application

Application

Automates the process of verifying standard eligibility requirements for delivery of loan to Fannie Mae

  • General Program Eligibility
  • Application Checklist
Processing

Processing

Preliminary review of documentation about the borrower and property to perform initial checks related to income, assets & property

  • Processing Review – Credit & Liabilities
  • Processing Review – Income & Employment
  • Processing Review – Assets
  • Processing Review – Property, Insurance & Title
Underwriting

Underwriting

Automate the process of verifying more detailed checks for Title, Lien, Income and Property related checked for loans delivered to Fannie Mae

  • Underwriting Review – Credit & Liabilities
  • Underwriting Review – Income & Employment
  • Underwriting Review – Assets
  • Underwriting Review – Property, Insurance & Title
Closing, Post Closing & Shipping

Closing, Post Closing, Shipping

Conduct loan data integrity checks, identify missing documents and provide quality control reports stating exceptions

  • Closing & Post Closing Checklist
  • Signature Verfication
  • Investor Eligibility (AUS/FHA/VA)
Purchasing

Purchasing

Due diligence required before transfer of ownership. Verify doc requirements and red-flags between the data on the LE, CD & 1003

  • Correspondent Package Verification
  • Correspondent Loan Data Verification
  • TRID Verification

Application

Automates the process of verifying standard eligibility requirements for delivery of loan to Fannie Mae

  • General Program Eligibility
  • Application Checklist

Processing

Preliminary review of documentation about the borrower and property to perform initial checks related to income, assets & property

  • Processing Review – Credit & Liabilities
  • Processing Review – Income & Employment
  • Processing Review – Assets
  • Processing Review – Property, Insurance & Title

Underwriting

Automate the process of verifying more detailed checks for Title, Lien, Income and Property related checked for loans delivered to Fannie Mae

  • Underwriting Review – Credit & Liabilities
  • Underwriting Review – Income & Employment
  • Underwriting Review – Assets
  • Underwriting Review – Property, Insurance & Title

Closing, Post Closing, Shipping

Conduct loan data integrity checks, identify missing documents and provide quality control reports stating exceptions

  • Closing & Post Closing Checklist
  • Signature Verfication
  • Investor Eligibility (AUS/FHA/VA)

Purchasing

Due diligence required before transfer of ownership. Verify doc requirements and red-flags between the data on the LE, CD & 1003

  • Correspondent Package Verification
  • Correspondent Loan Data Verification
  • TRID Verification

PROVIDING PRODUCTIVITY LIFTS TO KEY TASKS IN THE LOAN MANUFACTURING PROCESS

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