Lending Intelligence Platform to Increase Efficiency and Reduce Cost
Client: Top 10 National Bank
Industry: Financial Services
![lending intelligence platform interface](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/05/lending-intelligence-platform-interface.png?strip=all&lossy=1&ssl=1)
![](https://epgfey97r4q.exactdn.com/wp-content/uploads/2024/01/ai-in-lending-accelerates-loan-processing.webp?strip=all&lossy=1&ssl=1)
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.
![](https://epgfey97r4q.exactdn.com/wp-content/uploads/2024/01/ai-in-lending-accelerates-loan-processing.webp?strip=all&lossy=1&ssl=1)
With decreasing loan volume due to growing interest rates and threats of recession directly affecting Lending, the need to approve and fund loans more quickly is a priority for many organizations.
ELASTECH implemented a Lending Intelligence Platform that leverages AI modeling for document review, data verification, auditing, and “decisioning.” The platform complies 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
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 National Bank
![](https://epgfey97r4q.exactdn.com/wp-content/uploads/2024/01/ai-to-process-loan-applications.webp?strip=all&lossy=1&ssl=1)
- 68% reduction in processing time
- Increased underwriter productivity by up to 153%
- Real-time validated income calculations for audit success
Interested in exploring what AI can do for your organization?
![Lets-work-together](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/02/let-work.png?strip=all&lossy=1&ssl=1)
Key Technologies
![AI for Mortgage Intelligence Platform](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/05/artificial-intelligence-for-mortgage-intelligence.webp?strip=all&lossy=1&ssl=1)
Artificial
Intelligence
![lending intelligence platform](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/06/lending-intelligence-platform.webp?strip=all&lossy=1&ssl=1)
Lending Intelligence
Platform
![](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/05/tier-4-Data-center.webp?strip=all&lossy=1&ssl=1)
Tier 4
Data Center