If you need an AI-based system to improve underwriting for mortgage-backed securities, asset-backed securities and collateralized loan obligations, 8VDX is worth a look. The system is designed to streamline credit investment workflows, with a big boost in analyzing and screening bonds with sophisticated AI models. It can be integrated with existing financial systems to ensure data sovereignty and confidentiality.
Another contender is Ocrolus, a Document AI platform that can classify, extract, detect and analyze financial documents with high accuracy. The tool can dramatically speed up underwriting by automating manual reviews and offering detailed insights into cash flow and income. It can be particularly useful for extracting data from a broad range of documents, including mortgage statements and bank statements, that lenders can use to assess risk and screen for fraud.
If you're looking for something more specialized, Binocs offers an AI-based loan management system that can improve operations and risk management for private credit funds. It extracts financial information from documents, streamlines cash flow and covenant monitoring, and offers early warning systems for potential problems. That can help asset managers, borrowers and service providers manage their portfolios better and cut operational risk.