Average loan approval cycle is 21 days. 25% of applicants abandon applications due to documentation friction.
Accelerate loan origination with automated underwriting and documentation
Automate the full loan lifecycle: application intake via chat or voice, document collection and verification, credit decisioning, and borrower communication — from first click to funded.
3 daysaverage loan approval time (vs. 21 days)
82%instant auto-approval rate
18%reduction in application abandonment
70%reduction in underwriting labor hours
.// The Challenge
The challenge
Loan origination is slow and manual. Applications require 10+ documents (pay stubs, tax returns, bank statements, appraisals, title searches). Underwriters manually review documents, verify income, assess creditworthiness. Loan approval takes 14-21 days. Appraisals are bottlenecks. Application abandonment is high (20-30%) due to friction. Underwriting quality varies by staff experience. Pricing and conditions are slow to generate.
.// The Solution
How assistents solves it
assistents loan origination agent walks borrowers through the application, collecting and verifying documents in real time. Document AI reads tax returns, pay stubs, bank statements, and credit reports, extracting income, assets, debts, and credit score instantly. The agent verifies income with employment data, cross-checks debt against credit bureau, and flags exceptions for underwriter review. Integration with third-party data providers (Equifax, LexisNexis, appraisal networks) automates verification. Auto-underwriting approves 80%+ of applications instantly.
Conversational Agent
Guides borrower through application, requests documents, answers FAQs
Active
Document AI
Extracts income, asset, and debt data from financial documents with high accuracy
Active
Workflow Agent
Verifies data, runs auto-underwriting model, assigns conditions and pricing
Active
.// How It Works
How it works
Start application
Borrower initiates application on portal. Agent collects personal, property, and employment info.
Request documents
Agent requests pay stubs, tax returns, bank statements, employment verification. Tracks submission.
Extract & verify data
Document AI reads documents, extracts income/assets/debts. Agent verifies with employment and credit data.
Auto-underwrite
Loan decision engine evaluates application. 80%+ get instant approval. Exceptions escalate to underwriter.
Generate docs & close
Loan document are auto-generated with borrower terms. Borrower signs electronically. Loan funds.
.// Measurable Outcomes
Measurable outcomes
average loan approval time (vs. 21 days)3 days
instant auto-approval rate82%
reduction in application abandonment18%
reduction in underwriting labor hours70%
.// Get Started
Ready to see this in action?
Schedule a personalized demo to see how assistents’s AI agents can solve this challenge for your organization.