Nexval Drives Greater Value from AI/ML Investments
A major reason for low AI/ML adoption is not knowing where to start. Nexval’s Mortgage Tech
Gurus leverage their decades of industry expertise to pinpoint use cases that could generate maximum value
from AI/ML intervention. Depending on the use case, we provide mortgage businesses with a tailored mortgage
automation solution powered by AI that is maintained by our team and configured to your business’s exact
Here's what sets Nexval apart:
Discover the Potential of AI/ML for Your Business
Artificial intelligence (AI) is a set of technologies that can perform mortgage tasks with machine-grade
precision as well as human-like decisioning capabilities. Machine learning is an AI technique that ensures
the system learns as it is used. AI/ML-based systems will evolve with your mortgage business and help
automate tasks with increasing accuracy. This positively influences mission-critical aspects of mortgage
During document review at the loan origination stage, you can employ an AI and RPA mortgage bot instead of full-time employees. The bot is preconfigured with the necessary business rules, and new document types do not call for fresh training. The bot adapts to new templates and rules and constantly learns using ML.
|Longer loan origination cycles||High customer acquisition costs||Soaring FTE costs when scaling the business|
|Effort, document, and data duplication||Risk of errors, fraud, and non-compliance|
These challenges translate into lost opportunities. In 2021, the US mortgage industry saw a record spike in
process volumes, with $4.4 trillion in new loans originated in the previous year. But this brought down
customer satisfaction by 5 points and led to longer timelines as lenders (in the absence of mortgage
automation) were unable to cope. AI/ML both increases capacity and drives service quality for mortgage
providers by removing the element of human error and enabling standardization. McKinsey estimates that
artificial intelligence and machine learning (AI/ML) will add $1 trillion in value to the BFSI sector. Yet,
only 27% of companies have used AI/ML tools for their mortgage business.
Now is the right time to make the most of AI/ML-powered solutions for your mortgage business and overcome challenges of manual processes. Trust Nexval’s automation capabilities and embark on your AI/ML transformation journey
Eager to get started on your AI/ML transformation journey?
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