AI Agents

Context

Built for banking within the Retail mortgage underwriting stack, this agent is used as applications move from intake to underwriting. Typical scenarios include new purchase loans where the buyer’s purchase agreement/contract must align with the loan application and supporting evidence (appraisal, title/land registry, EPC) before the file proceeds.

What it does

The agent reads the purchase agreement and extracts the core terms—parties, property address/parcel reference, purchase price and currency, key dates (offer, acceptance, closing), contingencies and special conditions, deposits/earnest money, and required signatures. It then checks for consistency with the loan application and related evidence, highlighting discrepancies (for example, price mismatches with the application or appraisal, address variants vs. title/land registry, missing or expired signatures). The result is a structured set of validations with links back to source pages so an underwriter can confirm any finding quickly.

Core AI functions

Document type detection routes the contract to the right parsing logic, followed by OCR and entity extraction tuned for purchase agreements. Normalization aligns date and amount formats; cross-document checks compare contract fields with the application, appraisal summary, and title/land registry data; and confidence scoring flags low-certainty values for targeted review. A page-level completeness pass verifies that mandatory pages and signature blocks are present and legible.

Problem solved

Manual contract review is time-consuming and error-prone, and inconsistencies between contract, application, and supporting documents often surface late—causing rework, customer callbacks, and closing delays.

Business impact

Underwriting advances with fewer stops and reversals: rework drops, approvals are faster and better evidenced, fall-through at closing is reduced, and policy adherence is easier to demonstrate with an auditable trail of what was checked and why.

Integration and adjacent use cases

Integration is light: the agent ingests documents from your portal, broker/branch capture, email, or DMS and posts structured checks into the LOS/orchestration flow; no changes to cores are required, and exceptions route to your existing work queues.

Most lenders pair this agent with:

• Land registry / title deed validator (to confirm ownership, liens, and parcel data),

• Appraisal report consistency (to reconcile value, method, and licensure),

• EPC verifier (where applicable),

• Income & employment validator and Self-employed income validator (to validate borrower capacity),

• Debt & liability disclosure checker, Collateral documentation verifier, and

• Mortgage document completeness agent for a clean, end-to-end underwriting file.