The bank says customers can now transfer data directly through an API from their accounting software package “with a few clicks”, and they also have the option to upload their data through a user interface (UI).
Digital RF automatically generates a survey and risk report using a rule-based decisioning engine which is then submitted to the underwriters “within hours” of the application being received.
The client is kept updated of the status of their application and a final decision is typically received within two days, including an indicative offer.
