I week
TO START
Intelligence Modeling
ACTUAL DATA
Real Time
DATA & AUDIT CHECKS
99.15%
REWORK ELIMINATED
BUSINESS VALUE SHOWCASE
Lending Intelligence Platform to Increase Efficiency and Reduce Cost
Client : Top 10 Bank in the U.S.
Industry : Financial Services
DIGITAL TRANSFORMATION GOAL
Reduce Expenses and Maximize Operational Efficiency
This Top 10 Bank explored options to reduce expenses and maximize operational efficiency with its loan underwriting and servicing processes.
PROBLEM
Decreased loan volume and shrinking margins due to increasing interest rates and threats of recession directly affect the Lending market, forcing organizations to find new ways to address these factors.
SOLUTION
ELASTECH implemented a Lending Intelligence Platform that leverages AI modeling for document review, data verification, audit, and “decisioning” in compliance with all requirements.
Highly-trained AI model with 10,000+ loan documents types that Identifies 2,000 variable data points
Solution with 99.99% audit acceptance
Application uptime of 99.995% through the adoption of Tier 4 data center security standards
TESTIMONIAL
What The client says about Our Work
“With the help of ELASTECH, we were able to address a massive industry challenge. The solution allows us to underwrite, process, and package/sell loans much more quickly which provides us a competitive edge through increased profitability.”
Chief Lending Officer
Top 10 U.S. Bank
BUSINESS IMPACT
- 99.15% reduction in processing time and eliminated buybacks
- Increased underwriter productivity by up to 150%
- Real-time validated income calculations for audit success
- Competitive advantage in a competitive market
Interested In Learning More Or Have A Similar Project?
Key Technologies
Artificial
Intelligence
Mortgage Intelligence
Technology
Tier 4
Data Center