AIO - Powering Financial Decision-Making
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.