A new AI-powered client onboarding platform, Mortgage Assist Pro, has officially launched following a soft rollout over recent months.
The cloud-based tool was designed to support mortgage brokers by automating document analysis and conducting compliance, vulnerability, and fraud prevention checks.
According to its developers, the platform aims to reduce the time spent on these tasks by an estimated 90%.
Mortgage Assist Pro does not require integration or training and operates via a Wi-Fi connection.
Brokers can begin by creating a client profile with standard details such as contact information, employer and address history.
They then upload supporting documents including payslips, bank and credit card statements, employment contracts, and, where relevant, company accounts and tax calculations.
The platform processes the documents and generates a personalised compliance report aligned with lender and network standards.
Open banking is not required, as all data is extracted directly from the uploaded documents.
Key elements of the report include transaction analysis, a breakdown of income documents, budget planner outputs, fraud detection in line with regulatory requirements, and indicators for client vulnerability, including markers for potential gambling-related issues.
Charles Yuille, founder of Mortgage Assist Pro, said: “Automated document extraction is not a new concept, but the introduction of AI tailored specifically to the mortgage network and lender compliance requirements is what makes Mortgage Assist Pro really stand out.
“Working closely with large broker firms and networks, we have fine-tuned a platform that is simple to use and slots effortlessly into the broker role.
“Our software is designed to make comparison easy, highlight potential fraud concerns and make researching a case a breeze.”
He added: “Analysing client documentation manually and performing compliance and vulnerability checks can be extremely time-consuming and, if you need to hire in-house or external admin support, expensive.
“Our platform solves that. It performs all client admin and checks in a fraction of the time it would take to do them manually and generates a personalised and fully compliant client report within minutes.
“In the report, brokers can see everything they need in one place and identify any potential red flags rapidly.
“Mortgage Assist Pro has been launched to help brokers work smarter, not harder, crucial in helping their businesses grow.”
Emma Hayes, head of business, Premier Property Solutions, said: “Mortgage Assist Pro is saving us an incredible amount of time.
“As a growing firm, we were in the process of hiring another mortgage processor when someone recommended that we take a look at MAP.
“Seeing 40 minutes of work completed in just two minutes was a game-changer.
“We had explored several extraction platforms, but MAP stood out because of how precisely it aligns with lender and compliance requirements.”
She continued: “The ability to extract different income types in one place has streamlined our process, allowing brokers to access the information they need for various lenders without jumping between documents.
“Most importantly, by following the MAP report, we can be confident that we have everything required to meet lender and network compliance standards – eliminating a significant area of concern for our business.”
Daniel Hobbs, CEO of New Leaf Distribution, added: “This is the tech the industry has been crying out for.
“Mortgage Assist Pro massively reduces case processing times for brokers and gives them all the information they need to understand their clients in minutes, in an environment that provides compliance peace of mind.
“Rather than be overwhelmed by paperwork, they can then focus on the part of the job they enjoy most, which is providing advice, identifying suitable lenders and liaising with their clients.”
