The Role of AI and Data Analytics in Affordability Assessment: How advanced technologies are reshaping affordability analysis for mortgage lenders
Introduction Traditionally, affordability assessment in mortgage lending has been a slow, manual process. Paperwork piles up, data lives in silos, and potential bias lingers. For mortgage lenders, accurately assessing a borrower’s affordability quickly is crucial. Traditional methods can be extremely time-consuming and tedious. It causes delays and makes the process lengthy causing frustration among borrowers. […]
Top 5 Real Challenges in Building Predictive Models in Mortgages
The goal is to turn data into information, and information into insight – by Carly Fiorina Data, data everywhere but not a defined strategy to predict! People say data will talk to you if you are willing to listen. And who understands it better than our data experts. Predictive Models as the name suggests, are […]
The Hidden Cost of Paperwork
The cost of poor mental health to UK employers now stands at £51bn annually, a slight decrease from £55bn in 2021 but still a significant increase from £45bn in 2019 (newsbywire.com, 2025). When we think of mortgage underwriting, we often focus on the numbers: credit scores, income statements, and LTV ratios. However, behind every loan […]
Income Verification During the Mortgage Application Process
Introduction Every day, thousands of people apply for mortgages in the United Kingdom. In 2020, the gross mortgage lending was valued at 245.91 billion British pounds. With so many mortgage applications, the income verification of the applicants is even more essential. Here is a detailed guide on how lenders verify the borrower’s income and other assets […]
Driving Quick Decisioning for an UK SME Lender
Digilytics helps process bank statements using AI and advanced OCR to streamline the loan origination process.
Driving revenue growth for a lending mortgage lender
Digilytics data extraction capabilities allowed the lender to auto-populate appropriate fields and use the obtained data for additional calculations.
Digilytics AI Approach for Extracting Information from Documents
Introduction Documents are an integral part of the loan origination process. Borrowers send in their applications and documents that contain information on their personal and financial details. Lenders then use these documents to verify the information and check if the applicant is fit to receive the loan. That said, digitization has taken over every industry, […]
In conversation with Pete Ball, CEO Personal Finance, Together – loans, mortgages & finance
He speaks about how Together Financial Services Implemented Digilytics RevEL, a groundbreaking AI technology product to streamline its loan origination process Pete says ” We have developed a great partnership with Digilytics AI. With Digilytics RevEL, Together has broken new ground in its use of the latest technology.” We have developed a great partnership to […]
What is first time right application in mortgage lending?
The first-time-right (FTR) application delivers machine-driven assistance prior to submission. It enables real-time health check of data submitted – consistency validations, correctness validations and completeness validations. Few major benefits are: 1. Flexibility of upload through online and offline channels 2. Save on SLAs by Instant visibility of errors, 3. Reduction of human-led admin assistance 4. […]
Women in Tech | Empower the next generation of women in technology!
Empower the next generation of women in technology! A Q&A with Ayushi Tomar, Business Analyst at Digilytics AI She’s currently working as a Business Analyst in the domain of Financial Services and Consumer Goods, developing solutions using Artificial Intelligence and Machine learning. Ayushi answers some interesting questions about what it’s like to be in the […]