BUSINESS VALUE SHOWCASE

Lending Intelligence Platform to Increase Efficiency and Reduce Cost

Client: Top 10 U.S. Bank

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

With decreasing loan volume due to growing interest rates and threats of
recession directly affecting the Lending market, the need to approve and
fund loans more quickly is a priority for many organizations.

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