AIO - Powering Financial Decision-Making
Capture. Validate. Finance. AIO Powering Financial Decision-Making
About this app
Lenders trust AIO’s intelligent platform to capture and auto-verify documents from new and existing borrowers. As a result, lenders can instantly surface missing, expiring, or problematic documents, allowing them to underwrite and review loans faster with fewer costs.
In 2020, 33% of commercial lending requests were submitted to online lenders. The average time for loan approval is 26 days for physical banks, whereas emerging online lenders are supplying funds in as little as 1 to 7 business days. This is because many community banks and credit unions are overwhelmed by workload of incoming loan applications that require slow, manual data collection processes and hybrid online/offline loan request processes. Printed/emailed checklists for customers and physical submission at the branch
- AIO's easy-to-use digital platform simplifies the loan application and monitoring process to compete with large banks and non-bank lenders.
- AIO's intelligent All-in-One platform reduces manual efforts spent on collecting, reading, and verifying initial and ongoing documents.
Digital Customer Portal
AIO's All-in-One platform provides borrowers and lenders with a central easy-to-use portal for documents, online forms, and signatures, rather than dealing with paper, emails, and documents scattered in disparate locations.
Auto Validation of Documents
AIO's Artificial Intelligence automatically verifies documents, alerting borrowers and lenders of wrong, missing, or expiring documents instantly, rather than days or weeks later into the process.
Speed to Market
AIO's platform allows banks and credit unions to approve, review and monitor more loans faster with the same team. In addition, AIO can be set up within weeks, not months.
Building blocks
Party
Search and return records for entities (parties) in the loan origination system records
Fusion LaserPro Cloud Connect - Commercial
Provides connectivity for Loan Origination systems to submit commercial loan transaction data to the Document Generation system.
Fusion LaserPro Cloud Connect - Consumer
Provides connectivity for Loan Origination systems to submit consumer loan transaction data to the Document Generation system.
Commercial Lending Documents
Uploads documents supporting commercial lending to the loan origination system of record. Document uploads include index values to support search and record retention
Collateral
Call to the loan origination system of record to access details about collateral securing the institution's commercial loans
Credits
Call to the loan origination system of record to create new loan requests and access details of existing loan balances and terms and rates
Fusion LaserPro Cloud Connect - Configuration
Integration with Independent Software Vendors
