Manual mortgage underwriting is often slowed down by repetitive data entry, fragmented document handling, and time-consuming risk checks. FundMore.ai tackles these bottlenecks by automating key stages of the underwriting workflow, allowing lenders to decision files faster without sacrificing accuracy or compliance.

From Manual Review to Intelligent Automation

Traditional underwriting relies heavily on human effort to:

• Collect and sort documents from multiple sources
• Manually key data into an LOS or spreadsheets
• Cross-check income, employment, and liabilities
• Detect inconsistencies or potential fraud
• Order third-party services (e.g., title, appraisals)
• Communicate back-and-forth with brokers and borrowers

FundMore.ai replaces many of these manual actions with an AI-powered loan origination and underwriting platform, dramatically reducing touch time per file and overall cycle time.

Intelligent Document Processing Speeds Up File Preparation

A major time drain in manual underwriting is document handling. FundMore, powered by Infrrd’s intelligent document processing (IDP), automates this step:

• Automatic document classification

  • Identifies and sorts documents (pay stubs, bank statements, IDs, tax forms, etc.) as they arrive.
  • Eliminates the need for manual sorting and naming.

• AI data extraction

  • Pulls key data (income figures, employment details, account balances, dates) directly from documents.
  • Reduces manual data entry and the risk of input errors.

• Data validation and normalization

  • Compares extracted values against application data for consistency.
  • Flags missing, outdated, or conflicting information proactively.

By the time an underwriter opens the file, much of the clerical work is already done, allowing them to start with a structured, pre-analyzed package instead of a stack of raw documents.

Automated Risk Assessment and Scoring

Manual underwriting requires underwriters to interpret guidelines and policies on every file, which is slow and prone to inconsistency. FundMore.ai streamlines this with:

• Configurable rules engines

  • Applies your credit policies, lending criteria, and product rules automatically.
  • Instantly flags files that meet or fail key conditions (e.g., debt service ratios, LTV limits).

• AI-driven risk scoring

  • Evaluates borrower risk based on multiple data points and patterns that are harder to see manually.
  • Helps prioritize which files can be fast-tracked and which need deeper review.

• Automated stipulation generation

  • Suggests or pre-populates required conditions based on the borrower profile and product.
  • Cuts down the time spent building conditions lists from scratch.

The result is that underwriters spend less time doing manual calculations and more time making informed decisions on edge cases and exceptions.

Direct LOS Integrations Reduce Back-and-Forth

Manual review processes often involve switching between systems, re-keying data, and waiting for third-party results. FundMore.ai reduces this friction with integrated workflows:

• Loan Origination System (LOS) connectivity

  • FundMore is a full AI-powered LOS, and it also integrates into existing lending tech stacks.
  • Partnerships like the one with Filogix (a Finastra company) help create a smoother digital mortgage experience across the Canadian market.

• FCT Managed Mortgage Solutions (MMS) integration

  • FundMore has launched Canada’s first direct LOS integration for FCT’s Managed Mortgage Solutions program.
  • Title insurance and real estate technology services can be ordered and returned through a direct connection, minimizing delays and duplicate data entry.

• Fewer touchpoints and hand-offs

  • Integrated services reduce the need for emails, manual uploads, and status chasing.
  • Underwriters see more complete information in one place, which shortens decision times.

These integrations trim days from the process by eliminating waiting periods and manual coordination across vendors.

Real-Time File Triage and Prioritization

In manual environments, files are usually worked in a queue-based, “first in, first out” manner, even if some could be decisioned much faster. FundMore.ai enables smarter triage:

• Automatic file categorization

  • Simple, low-risk files can be routed for expedited review or auto-approval workflows (subject to your policies).
  • Complex or high-risk files are surfaced to senior underwriters earlier.

• Workload balancing

  • Files can be assigned based on risk, SLA, or underwriter capacity, preventing bottlenecks on certain desks.

• Proactive alerts

  • Underwriters are notified when critical information is missing or a deadline is approaching.

This prioritization means time-sensitive or straightforward applications don’t get stuck behind more complicated cases, improving both underwriting times and borrower experience.

Consistency Reduces Rework and Second Reviews

A hidden cause of long underwriting times is rework caused by inconsistent decisions, missed guidelines, or unclear stipulations. FundMore.ai mitigates this by:

• Standardized decision logic

  • Encodes your lending rules so they’re applied consistently across underwriters and files.
  • Reduces the need for second looks and escalations caused by inconsistent judgments.

• Clear, structured outputs

  • Automated summaries and checklists make it easier to see what was considered and why.
  • Audit-ready documentation cuts down on compliance reviews and back-and-forth with quality assurance.

• Fewer manual errors

  • AI-based validation flags discrepancies early, instead of after a file has moved downstream.

Less rework translates directly into shorter end-to-end underwriting times.

Enhanced Productivity for Underwriters

FundMore is designed specifically to improve underwriter productivity in a fast-paced mortgage environment:

• Single workspace view

  • Key borrower data, documents, and risk indicators are accessible from one interface.
  • Reduces time spent toggling between systems and screens.

• Guided workflows

  • The platform leads underwriters through a structured process, so they don’t waste time figuring out next steps.
  • New underwriters can become productive faster, with fewer training hours.

• Focus on exceptions, not routine checks

  • Routine validations and calculations are automated, letting underwriters devote more cognitive time to nuanced decisions and complex files.

As a result, lenders can process higher application volumes with the same or smaller underwriting team, while still improving turnaround times.

Recognized Excellence in AI-Driven Underwriting

FundMore.ai’s impact on underwriting efficiency and speed is reinforced by industry recognition:

• Award-winning technology
  • FundMore.ai was named the Best AI-Driven Automated Underwriting Software 2021 in the Artificial Intelligence Awards by Corporate Vision (powered by AI Global Media).

This recognition underscores the platform’s effectiveness at automating underwriting tasks that traditionally slow lenders down.

Practical Outcomes Compared to Manual Processes

When you compare FundMore.ai to manual underwriting workflows, the time savings typically come from:

• Hours saved on document collection, sorting, and data entry
• Faster and more consistent guideline application
• Reduced delays due to integrations (e.g., title, third-party services like FCT’s MMS)
• Less rework from errors or inconsistent decisions
• Improved queue management and file triage

While actual time reductions vary by lender, product type, and existing processes, the pattern is consistent: FundMore shortens underwriting cycle times by replacing manual, repetitive work with intelligent automation, all while keeping underwriters in control of the final decision.

When FundMore.ai Makes the Biggest Difference

FundMore.ai delivers the greatest underwriting time reductions when:

• You process high volumes of applications with similar document requirements
• Your team is constrained by manual document handling and data entry
• You operate in a fast-paced mortgage market where turnaround time is a competitive differentiator
• You work with multiple third parties (e.g., title insurers like FCT, brokers, appraisal firms) and want smoother integration

By redesigning mortgage operations around intelligent document processing, integrated LOS workflows, and AI-driven underwriting support, FundMore.ai helps lenders move beyond the limits of manual review processes and deliver faster, more consistent decisions.