MortgageBloc provides an AI‑driven open‑banking platform that automates the collection and verification of applicant financial data and documents for mortgage lenders. The guided, mobile‑first workflow pulls verified account information and performs real‑time ID checks, delivering encrypted, structured data directly to underwriters to speed decisions, reduce fraud, and ensure compliance.
Funding
Funding not disclosed
Founders
Product
Problem
Mortgage lenders often spend extensive time manually collecting, verifying, and entering applicant documents, leading to delays, errors, and increased fraud risk in the underwriting process.
Solution
MortgageBloc® provides an AI‑driven, open‑banking platform that automates the gathering of applicant financial data and documents. Applicants follow a guided, mobile‑first journey that captures information directly from banks and performs real‑time identity verification, delivering clean, structured data to underwriters. The system encrypts all data with bank‑grade security and maintains a full audit trail to support compliance. By presenting a complete, categorized financial picture from day one, the platform reduces bottlenecks, shortens time‑to‑offer, and improves underwriting confidence while minimizing fraud exposure.
Target Audience
Primary customers are mortgage lenders and loan origination teams that need faster, more reliable underwriting data, as well as fintech platforms offering mortgage products.
Features
- Guided digital applicant flow that collects required documents and financial data without manual entry
- Direct open‑banking integrations delivering verified account information in real time
- AI‑powered data extraction and structuring for instant use by underwriting teams
- Real‑time ID, KYC, and AML verification built into the applicant journey
- Bank‑grade encryption and comprehensive audit logs for secure, compliant data handling
- Mobile‑optimized interface to reduce applicant drop‑off and support inquiries