Document collection and financial data extraction for loan applications is a manual, time-intensive process where brokers spend hours monitoring email and portals, downloading files, and manually copying financial figures into spreadsheets.
Automation handles document intake, file organization, financial data extraction, and package compilation end-to-end. Brokers receive a complete, verified financial summary ready for lender submission, reducing cycle time from days to hours and eliminating manual transcription errors.
The full workflow, from trigger to completion.
A new loan application is detected in the system or arrives via email. The automation captures the client name, loan ID, and application date.
An automated email is sent to the client with a standardized list of required documents and a link to a secure document upload portal.
The automation monitors the upload portal and email for incoming documents. When a file arrives, it is automatically downloaded and organized by loan ID.
The automation reviews the uploaded files against a checklist of required documents. If any are missing, it sends an automated reminder email to the client.
The automation reads the financial documents (tax returns, P&L, balance sheet) and extracts key figures (revenue, expenses, assets, liabilities) into a structured format.
The extracted data is automatically populated into a Google Sheet template, and financial ratios are calculated.
A formatted financial summary document is automatically generated and stored, ready for broker review and lender submission.
A notification is sent to the broker with a link to the compiled package, prompting final sign-off before lender submission.
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