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Digilytics™ RevEl is a first of its kind, easy-to-use AI product for revenue growth. It is built on advanced AI technology and radically improves the loan origination experience. Digilytics™ RevEl for financial services reduces time to offer for mortgage lenders. The product can be launched from an existing loan origination system, with bulk document upload and document classification into the configured file structure. This reduces nonvalue adding manual tasks, augments decision making by providing granular visibility.
Nothing I can think of now, it's a good product that has the capability to extract data from the document and map it onto relevant fields of Loan Origination System, perform data validation and annotation check on the documents. Digilytics™ RevEl reduces the cost of origination and improves broker/customer experience.
• Reduces non-value-added tasks
Underwriters can save time on repeated, redundant and mundane manual tasks like printing, physical transfer of files, piling up of files/cases with AI-enabled data capture and entry into origination system.
Automatic validation and Day 1 underwriter requirements at the time of submission, electronic annotation of case documents, simultaneous and parallel processing of case file with full versioning and audit trail enable a seamless lending experience.
• Augments decision making
With the classification of cases into Standard and Accelerated, underwriters can speed up their lending process. Algorithmic assignment of cases to underwriters to maximise SLA adherence with conversational support for case-specific queries enable a fast-seamless experience.
Automated decision support for Accelerated cases and search on underwriter notes reduces the time and fosters quick decision making.
• Creates granular visibility of Time to offer
Achieve granular visibility of case status and bottlenecks with near real-time visibility of status to customer/intermediary. Real-time SLA monitoring, predictive alerts on SLA breaches document expiry and load balancing capability based on underwriter workload.
• Easy to use, can be plugged on to any loan origination system
Integrates with the transaction systems, and can be easily used by underwriters with minimal training.