Forbes identifies Digilytics among 15 Innovative AI Companies Driving Exponential Shifts In Their Respective Sectors
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Creates a unique mortgage service proposition driving market share growth
Minimal upfront investment, available on secure SaaS platform
Plug and play bolt-on product, no need to replace current mortgage systems
In the ever-changing landscape of the Mortgage Lending UK Market, the Gross lending doubled in last decade with limited product innovation, but net lending is still low.
The current origination process across lenders in the mortgage industry is lengthy and frustrating. The typical lending process in the mortgage industry requires around 40% manual intervention, with multiple weeks as an average time to offer (from start to finish). With high time to offer, frequent cancellations, revenue leakage, poor colleague-broker-customer experience and high manual errors, the mortgage lending process is cumbersome.
To streamline and make this entire process smooth, introducing Digiliytics RevEL for Mortgage Lending in the UK. It’s an AI powered product.
Digiliytics RevEL for AI financial services is first of its kind, easy to use AI product for revenue growth, built on the most advanced AI technology, making the lending experience seamless. It 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 configured file structure. This reduces non-value manual tasks, augments decision making by providing granular visibility.
Digiliytics RevEL 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. RevEl for financial services improves the broker/customer experience, accuracy, increases colleague’s productivity, reduces cancellations, and increases repeats.
With Document comparison view, case risk score with label of standard/accelerated case and document pending alerts, RevEL for AI financial services helps you predict service level agreement breaches specifically catering to the Mortgage Lending UK Industry.
The latest technological revolution pivots around artificial intelligence and machine learning technologies, leveraging their “smartness” for various purposes.
As of the end of 2020, 24.7 million people worldwide use open banking. The estimated growth rate is at a whopping 50% between 2020 to 2024.
According to Fannie Mae, 69% of buyers would apply for mortgages online.
There are several different mortgages that one can apply for in the UK mortgage market.
Companies fixated on quick wins and easy growth, are increasingly innovating to sell to existing customers. Cross-selling to a customer is however different from up-selling to a customer.
Artificial intelligence (AI) grows more sophisticated by the day, and it continues to make work easier
A lot goes into buying and building your dream home or establishing your business from scratch.
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