AI Agents

What it does

The agent streamlines document-heavy credit origination tasks by ensuring the purchase agreement and the property contract are valid for banks, in a retail mortgage underwriting scenario.

Documents used

• Sale contract / purchase agreement

• Appraisal report

• Buyer declaration (if separate)

Extracted data

• Property address, sale price

• Buyer and seller names

• Clauses (e.g., financing contingencies)

• Signatures and dates

Checks

Does sale price match loan application and appraisal?

1. Is the buyer name consistent with applicant across forms?

2. Are there red-flag clauses (e.g., “subject to approval” or buyer withdrawal)?

3. Are signatures and dates complete and valid?

4. Does property address match Energy Performance Certificate (EPC) and land registry?

AI value

The purchase agreement and property contract validator agent slashes the time it takes to conduct credit origination tasks by more than 95%. Its ability to scan and analyze large documents and cross-reference specific data points like the buyer's name or signature validity highlights the potential to streamline what were traditionally resource-intensive administrative tasks.