Interfold provides an AI-driven platform that automates 90% of manual tasks in commercial lending, enabling banks to underwrite loans in as little as three days. By streamlining document collection and borrower engagement, Interfold enhances loan origination efficiency by up to 80%, significantly reducing cycle times and improving client satisfaction.
Funding
$3.5M 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.
Founders
Product
Problem
Commercial lending processes often involve extensive manual tasks, leading to lengthy underwriting times and inefficiencies in document collection and borrower engagement. This can result in delays, increased operational costs, and reduced client satisfaction for banks and credit unions.
Solution
Interfold offers an AI-powered platform designed to automate key aspects of the commercial lending workflow, from initial document collection to ongoing portfolio monitoring. The platform streamlines borrower onboarding through a modern portal with personalized reminders, ensuring timely submission of required documents. By leveraging AI for financial spreading, CRE repayment analysis, and guarantor cash flow assessment, Interfold enables lenders to underwrite loans more rapidly and efficiently. The system also automates routine tasks such as regular reporting and covenant testing, providing credit teams with up-to-date financial information and improved portfolio visibility.
Target Audience
Interfold primarily targets commercial lenders at banks, credit unions, and other financial institutions seeking to streamline their loan origination process, reduce operational costs, and improve borrower satisfaction.
Features
- AI-driven financial analysis, including financial spreading, CRE repayment analysis, and guarantor cash flow assessment
- Automated borrower onboarding through a modern, guided digital portal
- Personalized reminders to drive borrower engagement and document submission
- Secure document storage and sharing with organized labeling
- Automated reviews and covenant reporting for ongoing portfolio monitoring
- End-to-end record-keeping for compliance and risk management
- Integration with existing systems via API