About Lendsure

Lendsure, a leading mortgage provider in California, was one of the first customers of Prudent AI and they've seen tremendous results in terms of team productivity, loan volumes, and time saved.

Industry

Non-QM

Company size

200+

Location

San Diego, California

Challenge

Until Prudent AI, Lendsure's document processing pipeline relied on a combination of manual processes and excel macros.

Before Prudent AI
Bank statement processing was done manually
Led to occasional human errors
It took up to 4 hours to process bank statement data
After Prudent AI
Automated bank statement processing using Prudent AI
Started processing bank statements with 100% accuracy
Takes < 5 mins to process 24 months worth of bank statements

What changed with Prudent AI?

Their team approximately spent 2 to 4 hours just to get the income data from bank statements and perform analysis of the collated income data. Now they spend as low as 10 to 30 minutes per application including analysis. With the help of the new solution, Lendsure doubled the number of loans they’ve issued over the last few months.

Lendsure has completely moved away from Excel macros and is now using Prudent AI for processing bank statements and arriving at the qualified income of a borrower at a click of a button.

"Prudent AI has made our employees happier by automating monotonous work, reducing errors, and bringing us great speed. We love the attention to detail, the high quality, and the flexibility to meet our needs. I’d always want Prudent AI on our side.
Joseph Lydon
Managing Director, LendSure Mortgage Corp
Step into the future
Talk to us to understand how you can automate your lending processing using Prudent AI.
UI interface of tools that calculates Prequalified Income in lending business Risk analysis in lending business
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