Fuse provides an AI-native Loan Origination System (LOS) and digital account opening platform for financial institutions. The platform delivers proactive automation across lending workflows, including consumer, SMB, and commercial loans. It guarantees integration timelines and measurable automation results for banks, credit unions, and finance companies.
Funding
$5.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CNPVFounders
Product
Problem
Financial institutions face inefficiencies in their loan origination processes, leading to extended applicant response times, increased operational overhead, and suboptimal conversion rates. Manual verification and underwriting steps are prone to errors and delays, hindering scalability and profitability.
Solution
Fuse provides an AI-powered loan origination platform designed to automate and optimize critical lending workflows for financial institutions. The platform's AI-Loan Officer assists applicants via multiple communication channels, enhancing engagement and conversion. Its AI-Underwriter automates guideline recommendations based on historical data, while the AI-Verifier processes over 90% of documentation for fraud detection and data validation. The AI-Configurator provides transparency into automation outcomes and suggests new rule implementations. This comprehensive automation drives significant improvements in loan conversion rates, reduces operational expenses, and ultimately increases profitability margins.
Target Audience
The primary customers are financial institutions, including banks, credit unions, and specialized lenders, seeking to enhance their loan origination efficiency and customer experience across various lending segments.
Features
- AI-Loan Officer for automated applicant support across voice, email, and text channels.
- AI-Underwriter for automated recommendation and evaluation of underwriting guidelines based on historical data.
- AI-Verifier for automated processing of over 90% of loan documentation, including fraud detection and veracity checks.
- AI-Configurator for explaining automation results and recommending new rules based on manual overrides.
- Support for diverse loan types including auto, marine, RV, powersports, solar, HELOC, personal loans, credit cards, BNPL, home renovation, SMB loans, C&I loans, CRE loans, and equipment financing.
- SOC 2 Type II compliance for enterprise-grade security and data protection.
- Deployment options for cloud hosting or self-hosting to accommodate varying infrastructure requirements.
- High availability Service Level Agreements (SLAs) ensuring continuous operation.
- Full audit traceability for all actions and automations within the platform.
- Granular permission controls for secure user and role management.