Conductiv provides vertical data and AI solutions specifically designed for the lending industry. The platform digitally verifies essential documentation like income and employment to reduce fraud and increase underwriting efficiency. This technology enables lenders to auto-approve more loans, leading to higher approval rates and reduced abandonment.
Funding
Funding not disclosed
Founders
Product
Problem
Lenders face challenges in efficiently verifying borrower information, leading to delays in loan approvals, increased abandonment rates, and potential fraud risks. Gathering income, identity, and other required documentation is often a manual and time-consuming process.
Solution
Conductiv offers a digital data aggregation and AI-driven stipulation management platform designed to streamline the loan approval process. The platform automates the collection and verification of borrower data, including income and identity, using permissioned, first-party data sources. By automating stipulation management, Conductiv enables lenders to accelerate loan approvals, reduce fraud, and improve the borrower experience. The system employs AI to mimic human underwriting behavior, allowing for more auto-approvals while adhering to best practices and standards.
Target Audience
Conductiv targets lenders of all sizes, including banks, credit unions, and other financial institutions, across mortgage, consumer, SMB, and commercial lending sectors.
Features
- Digital data aggregation for income, identity, and other stipulations
- AI-driven stipulation management to automate data verification
- Automated rules engine that mimics human underwriting behavior
- Integration with MeridianLink Consumer LOS for seamless data transfer
- Secure data handling and storage
- Support for mortgage, consumer, SMB, and commercial lending
- PDF conversion and upload of data to the Portal Documents tab