As a highly regulated and complex industry, mortgage lenders have historically overused human resources to mitigate risk. Lender Toolkit’s software solutions automate repeatable and accurate results to eliminate wasteful spending on human resources and fines. Traditional mortgage operations require an aggregated average of 1 human resource per 20 loans to complete the compliant offer, gather transactional data, render a credit decision, assemble the mortgage paperwork, and package the loan for sale to investors. Lender Toolkit’s clients are able to provide homebuyers a superior experience while more than doubling the capacity of human resource. Typical Lender Toolkit clients require an aggregated average of 1 human resource per 50 loans.
Producing a mortgage loan is complex. Thousands of mortgage product options, each with their own complex rules mean producing a compliant mortgage loan in a timely fashion has been impossible for mortgage lenders. Lender Toolkit developed a proprietary process to digitize information and automate business workflows so that mortgage lenders can efficiently deliver a perfect loan package to their consumers. Lender Toolkit’s AI Underwriter, for example, automatically collects vital information to determine whether a consumer qualifies for a loan. The information is digitized and run through algorithms to make a credit decision. Using this artificial intelligence instead of laboriously scanning hundreds of data points with human eyes means lenders can lower their costs and provide consumers with more power to negotiate their home purchase. More broadly, using artificial intelligence to make credit decisions on mortgage transactions means the United States mortgage market, a $16.6 trillion dollar market, is populated with high quality, digitally verified assets.
Average profit margin increases of 40% per transaction mean mortgage lenders are able to lower the cost to acquire a home. For many families this can mean the difference between achieving the American Dream or being left out. Lender Toolkit believes a healthy mortgage and real estate industry expands the possibility of upward mobility to millions of Americans across the country.
World-change happens one homebuyer and one mortgage transaction at a time. Producing a perfect mortgage loan means the home buyer is able to confidently buy the home of their dreams. In any market a homebuyer who experiences a transparent and easy-to-navigate mortgage process is equipped to make intelligent decisions that impact the most important industry in the country. If we learned anything in the great financial crisis in 2008 it was that informed home buyers are essential to a healthy US economy. The mortgage industry makes up a significant portion of the global economy. Empowering homebuyers and ensuring top quality mortgage loans means the US and global economy have a strong foundation in enduring real estate assets.
Lender Toolkit is fundamentally changing how mortgage loans are produced by digitizing and automating complex business workflows. The result is a transparent and modern experience that empowers today’s homebuyers to effectively negotiate and acquire the largest and most enduring asset of their lives.
Here’s what Lender Toolkit clients have to say:
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