LoanLight
LoanLight provides a configurable underwriting engine with AI agents that validate every non-QM and non-agency mortgage loan file for authenticity, accuracy, and guideline fit. The platform automates document classification, pre-underwriting checks, and complex DSCR and bank statement income calculations, compiling all findings into a single decision desk for human review. It operates inside Encompass or via API, ensuring underwriters work within their existing loan origination system without learning a new platform.
- Financial Technology
- Property Technology
- AI Agents
- Artificial Intelligence
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Non-agency and non-QM mortgage loans lack a standardized automated underwriting system, forcing lenders to underwrite these files manually. This results in slow, inconsistent decisions, increased human error, and difficulty scaling the asset class for investors.
Solution
LoanLight provides a configurable underwriting engine with AI agents that validate every loan file for authenticity, accuracy, and guideline fit. The platform classifies documents, runs pre-underwriting checks against specific loan programs, and deploys specialized agents for complex DSCR and income calculations. All findings, calculations, and exceptions are compiled into a single decision desk for human review, with deterministic checks and a full audit trail ensuring every result is explainable and defensible. LoanLight operates inside Encompass or via API, so underwriters work within their existing LOS without learning a new system.
Target Audience
Primary customers are non-QM and non-agency mortgage lenders, including banks, credit unions, and private lenders, who need to increase underwriting throughput and consistency while maintaining full auditability.
Features
- Document intelligence that classifies every file and determines which agents to run and which fraud checks to trigger
- Pre-underwriting agents that flag issues upfront against the specific loan program, applied at intake rather than days later
- Specialized agents for the hardest DSCR and bank statement income calculations, including expense factor application and large deposit flagging
- Appraisal review automation with deterministic checks and a complete audit trail
- Decision desk interface consolidating verified data, calculations, exceptions, and supporting evidence for human sign-off
- Runs inside Encompass or via secure API integration with no new system for teams to log into
- Deterministic checks and a full audit trail ensuring every result is review-ready and defensible, with human sign-off required before moving to the next stage