We built AI agents that reduce mortgage processing from 18 days to 3–5

Most mortgage processing delays aren’t due to risk — they’re due to manual workflows.We’ve been working on SimplAI, an AI-driven system designed for banking and financial services, starting with mortgage operations.The problem we kept seeing:15–22 day processing timelinesHeavy manual document handling (500+ pages per loan)Repetitive data entry + verification loopsUnderwriters spending hours on non-decision workSo we built a set of AI agents that handle the operational layer:Document AI (IDP) → classifies + extracts data from loan docs in minutesIncome analysis models → parse tax returns, payslips, and variable incomeVerification integrations → real-time employment + financial checksAI-assisted underwriting → pre-validates files and generates conditionsCompliance engine → continuously checks against regulatory rulesWhat we’re seeing in production:End-to-end processing: ~18 days → 3–5 daysData extraction accuracy: 97%+Underwriting review time: 3–4 hrs → <45 minsCost per loan: reduced by ~40–50%We’re not replacing underwriters — we’re removing the operational bottlenecks around them.Still early, but we’re exploring:Agent-based workflows across lending lifecycleBetter handling of edge cases (self-employed borrowers, non-QM loans)Explainability in underwriting decisionsWould love feedback from folks in fintech, lending, or anyone building AI systems in regulated environments.