Press play for something good.
The Automated Workflow
1
Application: Instant results. Happier Borrowers.
LO runs Prism. Gets real-time responses. Disclosure Automation delivery that cuts errors and turns up the speed.
2
Processing: Indexing, Income (with Reps and Warrants) Integrity Checked disclosures and conditioning...all automated.
Prism creates customer-focused needs lists. Prism calculates income for pre-approval.
3
Underwriting: Clean files in. Confident decisions out.
UW reviews pre-underwritten file and doubles their production and accuracy with full Prism.
4
Post Closing: One click, errored checked delivered packages.
Every closed loan is audit-ready, defect-free, and investor-compliant with Post Closing Automation.
Impact of Lender Toolkit:
A Case Study by Vice Capital Markets
Lock Extension Fees
Industry Average: 12.5 basis points for 5-day extension
Our Impact: Reduced extensions by 5%
Loan Rejections
Industry Average: 1 rejected loan per $10MM sold
Our Impact: 50% reduction in rejected loans
Repurchases
Industry Average: 1 repurchased loan per 125 loans
Our Impact: Over 60% reduction in repurchases
Critical Defects
Industry Average: 7% defect rate
Our Impact: Reduced defect rates to 5% with less than 1% being critical
Power with the Push of a Button
1
Automated Indexing & Extraction
Utilizes advanced AI/ML technology to automate document indexing and data extraction. This significantly reduces manual effort, improves accuracy, and speeds up the entire process.
2
Support for All Major Loan Products
Supports all major loan products, including FHA, VA, Conventional, USDA, and non-QM loans. It provides comprehensive income calculations and asset analysis, ensuring compliance and accuracy.
3
Streamlined Decision-Making
With pre-built automated conditions, Prism helps you identify potential issues and streamline decision-making. It also provides customizable options to tailor the tool to your specific needs.