AI Agents

Context

Built for banking within the Retail mortgage underwriting stack, this agent is used when borrowers declare self-employed or mixed (salary + business) income. It runs once financial statements, tax filings, and supporting bank statements are provided so affordability rests on verified, policy-aligned earnings—not declarations.

What it does

The agent reads business financials (profit & loss, balance sheet) and tax returns for the required look-back (e.g., 12–24 months), normalizes periods and currencies, and computes qualifying income under your rules. It separates recurring from one-offs, applies permitted add-backs (e.g., depreciation/amortization where policy allows), evaluates volatility and seasonality, and tests year-over-year continuity. It reconciles deposits in bank statements to reported revenue and flags issues such as overstated turnover, non-recurring gains treated as recurring, gaps in filing periods, missing schedules/notes, or sharp intra-period swings. Each result includes a concise rationale and links to the exact lines and pages used.

Core AI functions

Document detection for P&L, balance sheet, and tax schedules; OCR and field extraction for revenue, COGS/expenses, owner draws, and adjustments; period alignment and annualization; volatility/seasonality assessment; policy-driven qualifying-income calculation with explicit add-backs/exclusions; bank-statement reconciliation for revenue continuity; cross-document consistency checks; and reason-code generation with page-level lineage.

Problem solved

Manual self-employed reviews are slow and error-prone. Non-recurring items slip into “recurring,” seasonality is misread, bank flows don’t reconcile to filings, and unsupported adjustments inflate affordability—causing rework, inconsistent outcomes, and late exceptions.

Business impact

Affordability becomes accurate, consistent, and defensible: qualifying income reflects verified business performance, ask-backs are specific, rework drops, cycle time to clear-to-close shortens, and audit posture strengthens via line-of-sight to source.

Integration and adjacent use cases

Integration complexity: Low. The agent ingests financial statements, tax filings, and bank statements from the borrower/broker portal, email, or DMS, and writes verified qualifying-income outcomes, flags, and evidence links into the underwriting workbench; no core changes are required.

It is commonly combined with:

• Income & employment validator (for mixed income),

• Debt & liability cross-checker (declared vs. bureau/statement obligations),

• Purchase agreement & contract validator,

• Land registry & title deed validator,

• Appraisal report consistency,

• EPC verifier,

• Collateral documentation verifier, and

• Final completeness checker to ensure the entire file is consistent and complete before sign-off.