Adopting AI in lending: 6 questions to maximize ROI with document automation

While lenders across verticals rely on documents and financial data to make informed decisions, each organization has unique risk models and rules to guide the approval process. Adopting and onboarding technologies like artificial intelligence can be a big decision for lenders, but it’s a step that can completely redefine their approach to the lending process.

With the right tools and processes, organizations can save time and money and enable their teams to make informed decisions that reduce risk and lead to more confident lending. By integrating AI-powered document automation within their current workflows, lenders can create a customized decision-making toolkit that informs confident lending decisions more efficiently and accurately.

In a 2023 survey by Fannie Mae, significantly more lenders cited improving operational efficiency as a primary motivator for adopting AI and ML in 2023 (73%) compared to 2018 (42%).