Common Avoidable Delays in the Commercial Loan Process

Over 60% of commercial loan applications have at least one missing, wrong, or problematic document. How can you let the borrower know sooner to avoid delays?

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Powering Lending
with AI

01

The Situation

When a business owner comes to you for a loan, they always need it fast. But you know that delays are inevitable in the commercial loan process. But in the back of your mind, you know some of these delays are avoidable.

02

Common Avoidable Delays

Below are some of the common avoidable delays in the commercial loan process

Asking for the information you already have.
Sending it to underwriting with missing information
Sending it to underwriting with wrong or problematic information

03

The Solution

AIO helps lending teams avoid these delays:

Uses previously submitted borrower information.
Ensure only loans with proper documentation move forward
Instantly verify the submitted documents

Borrower checklists to provide complete information

Instantly verify the documents are the right type, from the right time, and contain the right information

Automated nudging for missing, expiring, problematic documents

AIO's platform extracts and understands data, validates it against public and private sources, and generate an accurate 360˚ profile of commercial clients in minutes to speed up decision-making and improve retention.

Over

60%

of commercial loan applications have at least one missing, wrong, or problematic document.

Make informed decisions

67%

of the time spent on a commercial loan is spent chasing and reviewing documents.

Data we provide

Assets

EIN/TIN

KYB

Titles

Company type

Profit

Balance

Name & Adresses

AML/PEP

Directors

Owners

Revenue

Assets

Company type

EIN/TIN

KYB

Titles

Profit

Balance

Name & Adresses

AML/PEP

Directors

Owners

Revenue

Assets

EIN/TIN

KYB

Titles

Company type

Profit

Balance

Name & Adresses

AML/PEP

Directors

Owners

Revenue

Key Features

API Framework to 149 sources: credit, SOS, DnB, open banking

Customer portal on web and mobile

Modular compliance in a box

Financial document data extraction and classification

Integration with CRM/LOS: Salesforce, Finastra, Moody's, Baker Hill, etc.

Dashboard tracking of Actionable Checklists

Transform leads into valuable, long-term clients with AIO

Capture

AIO uses existing records and public data to start building a 360˚client identity instantly and then sends smart, actionable checklists to request any missing information or documentation.

Validate

The platform synthesizes client-submitted data against public records to validate the integrity of the information, surfacing insights related to risks and compliance.

Finalize

Once clients are approved, AIO generates and sends letters of intent or customized contracts based on pre-defined parameters and terms.

Monitor

AIO keeps clients finance-ready by providing continuous financial monitoring and alerting financial institutions to changes that could signal new risks or additional opportunities.

Common Avoidable Delays in the Commercial Loan Process

Over 60% of commercial loan applications have at least one missing, wrong, or problematic document. How can you let the borrower know sooner to avoid delays?

Common Avoidable Delays in the Commercial Loan Process

Thank You!

01

The Situation

02

Common Avoidable Delays

03

The Solution

Borrower checklists to provide complete information

Instantly verify the documents are the right type, from the right time, and contain the right information

Automated nudging for missing, expiring, problematic documents

AIO's platform extracts and understands data, validates it against public and private sources, and generate an accurate 360˚ profile of commercial clients in minutes to speed up decision-making and improve retention.

Over

60%

of commercial loan applications have at least one missing, wrong, or problematic document.

Make informed decisions

67%

of the time spent on a commercial loan is spent chasing and reviewing documents.

Data we provide

Digitally obtain and verify what lenders need to underwrite loans quicker.

Instant businesses verification and validation. Cross-checked against internal and external data

Quicker underwriting via automated reading and verification of financial documents.

Key Features

API Framework to 149 sources: credit, SOS, DnB, open banking

Customer portal on web and mobile

Modular compliance in a box

Financial document data extraction and classification

Integration with CRM/LOS: Salesforce, Finastra, Moody's, Baker Hill, etc.

Dashboard tracking of Actionable Checklists

Transform leads into valuable, long-term clients with AIO

Capture

Validate

Finalize

Monitor