Prudent AI is a smart bank statement analyzer and AI-powered income desk software that augments the performance of non-QM lenders and helps them to pre-approve loans faster. It makes this possible by instantly evaluating borrower income certainty and screening the submitted documents for fraud and document tampering.
Prudent AI has become an indispensable tool for over 50% of the non-QM lenders in the market. The company’s augmented intelligence technology has revolutionized income and credit analysis in the lending sector. Prudent AI speeds up the pre-approval process by extracting borrower bank statement data with the highest accuracy, analyzing the extracted data to screen for fraud and document tampering, assessing borrower income certainty and credit health and offering insights on borrower credit health in an easily digestible format. The best part is, Prudent AI does all of the above steps in less than 15 minutes. The borrower insights and data from the bank statements are readily available to the credit analysts and underwriters in the Excel format for further processing.