Category: Blogs

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 […]

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, […]