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AIVA Skills

AIVA Skills

AIVA’S ABILITY TO IMPROVE AND ADVANCE HER SKILLS IS ENABLED BY MACHINE LEARNING

Like a human, AIVA learns from her prior experience, combined with information she gathers from internal and external sources. She continuously improves by identifying patterns from large volumes of documents and receiving feedback to reinforce or realign her conclusions.

AIVA IS READY TODAY TO TACKLE SOME OF THE MOST TIME-CONSUMING MANUAL ORIGINATION TASKS

 

Today AIVA can:

Order Tax Transcripts

Obtain borrower’s tax transcripts, obfuscate personally identifiable information (PII) and provide structured data for Fannie Mae Day 1 Certainty®.

Order Assets

Securely retrieve borrower-approved asset, account and transaction data through Finicity.

Pre-Approve Borrowers

Analyze documents and interact real-time with borrowers to ensure ready state of loan applications and generate purchase agreements.

Compile Loans

Organize borrower, vendor, lender and closing documents into a complete, indexed file.

Pre-Qualify Borrowers

Ingest and retrieve information dynamically to move borrowers through the pre-qualification process.

Verify Insurance

Review borrower’s insurance data and check for status and completeness.

Review Assets

Organize and de-duplicate statements into a summary of borrower assets. Flag incomplete or interesting patterns that might need more explanation.

Review Appraisals

Corroborate stated information with third-party sources for home appraisals.

EXPANDING HER SKILLS TO ADDRESS LENDER NEEDS

 

AIVA is currently training on the following skills:

Review Income

Review W2s, pay stubs and tax transcripts against custom lender and agency rules.

Price Loans

Evaluate risk and collateral to determine optimal pricing.

Calculate Income

Provide income calculation leveraging GSE-suggested tools (1084, Freddie Form 91).

Calculate Assets

Calculate borrower assets by intaking data from 401(k)s, stocks, certificates of deposits, mutual funds and bonds.

BEYOND 2019, AIVA’S EXPERTISE WILL CONTINUE TO BROADEN

 

AIVA’s creators are developing new skills to address more complex origination tasks that will add up to more efficiencies for your operations:

Review Closed Loans

Review loan files for data consistency, presence of signatures; complete and correct documents and accurately calculated ratios.

Prioritize Work

Prioritize activities to complete application based on closing date and expiration of pending stages.

Verify ATR/QM

Assess whether loan data complies with ability to repay qualified mortgage requirements.

Predict Default

Calculate the probability of a borrower’s inability to pay.

Verify Liabilities

Review bank statements and credit reports to identify liabilities. Recognize number of pages remaining for a liability.

CONTACT US

Address:
Black Knight Innovation Lab
1108 Chestnut Street, Suite 200
Philadelphia, Pennsylvania 19107