It’s simple but counter-intuitive:

At the time a file is ready to be underwritten for an Initial Underwriting Submission, Re-Submission, Final Submission, Pre-Funding QC or Post Closing/Prior to Shipping or Prior to Purchase Review…

Then TechMor makes a complete copy of all available documents from your LOS platform, transfers them securely to our AI Underwriting Platform…

Where every document is reindexed, all the data is harvested into data arrays of up to 5,200 elements per borrower…

Then the AI Platform Underwriting Rule Set runs based on Agency, FHA, VA and/or NonQM Guidelines and each client’s Credit Policy Overlays…

Which generates all of the Underwriting Work Papers, Conditions and Trued-Up Data Set all of which are then Posted Back into each clients LOS, including rerunning AUS, Fraud, and other reports impacted by the Data Set True-Up such that Updated LOS data matches all of the supporting documents.

Then either TechMor Publishes the Conditional Loan Approval or the client’s own Underwriter conducts a quick Second Level Review and themselves publishes the Results.

Our TechMor AI Underwriting Platform frees up your Underwriters to handle resubs, coach your counter-parties and maximize Clear to Closes per day achieving rates as high as 8 or more CTC’s per day, per Underwriter vs manual underwriting at 2 CTC’s per day.

Because the TechMor AI Underwriting Platform is fully configured for Agency, FHA, VA and Non-QM base programs, only four steps are required to engage and ramp up:

Client creates LOS User Credentials for TechMor, then we start by Underwriting 2-3 files per day for a week in order to Apply and Calibrate Client Credit Policy Overlays.

Our AI Base Platform is intentionally designed to conservatively over-condition until we can confirm which conditions may be automatically applied by each client’s LOS along with each clients preference for over or under condition especially depending up the stage of the loan when we are underwriting.

This will be very difference for Call Center file fresh of the LO’s desk with barely an supporting documents vs a TPO/Wholesale or Non-Del file that comes in with everything including Appraisal and Inspection documents.

During week 2 we ramp up to 10-15 files per subject to each client’s ability to execute full 2nd Level Reviews on 100% of the files and provide us Calibration Feedback.

The we scale up at the of 25 to 50 files per week each week thereafter and the client switches to 2nd Level Review 10-20% sampling and continue that process for 4 to 8 weeks until we are achieving 100% file reviews for each client channel.

We can achieve any Daily Underwriting File Volume required to meet a client’s full capacity per channel for up to 10,000 files per month or 500 Files per Day within 12 weeks.

Our TechMor AI Underwriting Platform frees up your Underwriters to handle resubs, coach your counterparties and maximize Clear to Closes per day achieving rates as high as 8 or more CTC’s per day, per Underwriter vs manual underwriting at 2 CTC’s per day once we achieve full capacity for your channels in that 12th week or so.

TechMor leverages commercially available utilities to connect the most major LOS platforms including Encompass, Empower, LendingQB, LendingPad and PCLender.

For legacy mainframe or other proprietary LOS platforms, TechMor ramps up quickly using our Hands-Team of system engineers to Export the All-Available Documents from the client LOS to our AI Underwriting Platform…

Then our Hands-Team handles the Post Back of finished Underwriting Work Papers, Underwriting Conditions, the Dataset Trued-Up to the reindexed Document Set, Re-running AUS, Fraud, etc, based on the Trued-Up dataset and then setting any required Status items to advance the file.

90% of the benefits of AI Underwriting can be achieved with zero system integration thanks to the expertise of our Hands-Team; then we can undertake co-development of a client specific connection utility or routines after we have perfected the manual post back process.

90% of the benefits of AI Underwriting can be achieved with zero system integration thanks to our expertise of our Hands-Team; then we can undertake co-development of a client specific connection utility or routines after we have perfected the manual post back process.

TechMor leverages commercially available utilities to connect the most major LOS platforms including Encompass, Empower, LendingQB, LendingPad and PCLender.

For legacy mainframe or other proprietary LOS platforms, TechMor ramps up quickly using our Hands-Team of system engineers to Export the All-Available Documents from the client LOS to our AI Underwriting Platform…

Then our Hands-Team handles the Post Back of finished Underwriting Work Papers, Underwriting Conditions, the Dataset Trued-Up to the reindexed Document Set, Re-running AUS, Fraud, etc, based on the Trued-Up dataset and then setting any required Status items to advance the file.

TechMor transforms any channel from Underwriting Backlogs to all files completed and Decisions Published within 24 hours.

We have the capacity to support the traditional “in by 2pm out today; in after 2pm out by tomorrow morning” service level mantra.

We adjust the process to support anomalies of Call Centers vs Retail Branches vs TPO/Wholesale and Non-Del channels.

We can deliver Underwriting Decisions within 4, 8, 12, 18 or 24 hours depending upon each clients own internal limitations, the integration or lack thereof with the LOS and touches back the LOS during our AI Underwriting process

We can also support this same range of SLA’s for Underwriting Re-Submission that are triggered by changes to the Document Set or Data Set of the file.

Underwriting Turn Times during the first 12 weeks are always in by end of day out by noon the next day which is technically 18 hours cycle time to allow for heavy QC on our end and QC Feedback from client during the Ramp Up and Calibration Feedback process.

Our TechMor AI Platform can support literally any LOS or Channel Operating platform including for Call Center, Retail Branch, TPO/Wholesale and Non-Del, Fully Delegated Correspondent.

We also support any platform for Whole Loan Bulk Trading or MSR Trades and can quickly customize our Loan Pool Trade Analysis to suit any clients preferences.

TechMor leverages commercially available utilities to connect the most major LOS platforms including Encompass, Empower, LendingQB, LendingPad and PCLender.

For legacy mainframe, proprietary LOS or Trading platforms, TechMor ramps up quickly using our Hands-Team of system engineers to Export the All-Available Documents from the client systems to our AI Underwriting Platform

Then our Hands-Team handles the Post Back of finished Underwriting Work Papers, Underwriting Conditions, the Dataset Trued-Up to the reindexed Document Set, Re-running AUS, Fraud, etc, based on the Trued-Up dataset and then setting any required Status items to advance the file.

Our TechMor AI Underwriting Platform is fully configured for Agency, FHA, VA and Non-QM base programs all hardened through engagements with other clients with a framework specifically designed to accommodate each client’s Credit Policy Overlays and those of their primary investors.

We implement a fully dedicated instance of the TechMor AI Platform in AWS for each client, then for each channel operated by each client.

This enables clients to vary credit policies across channels where tolerances can vary substantially.

To keep in sync with our clients, we have a team that monitors client Credit Policy and Investor Overlay Updates within each client’s business by being issued one or more client specific email credentials then being included in all Underwriting and Credit Team communication.

We never implement a change without first confirming the proposed change with each client as clients adopt Agency, Govy and Non-QM Investor policy changes with different lead times.

Our AI Underwriting Platform fully supports the notion of Vintages of Guidelines and Credit Policy Overlays such as how HUD Mortgagee letters take effect “On or After” a specific date in the future as they are published.

This capability is especially important for clients who aggregate production the sell to specific investors such as Non-QM channels where Credit Overlays and LLPA’s can be updated as frequently as weekly but are always keyed to “loans originated on or after” a specific future date.

The loan parameter driven framework enables clients to audit back against the prevailing guidelines as they perform the QC in arrears or even annually such is our experience.

Our TechMor AI Underwriting Framework for Non-QM includes support specifically for a half dozen Non-QM Investor and their programs but the majority of the production in our experience is for either High Credit Quality or Lower Credit Quality variations of Bank Statement, Full Doc Approved In-Eligible, Foreign National / TIN and DSCR based loans.

TechMor has supported pioneering lender clients in the Non-QM space since 2017 where we have enabled them to become Fully Delegated by multiple Non-QM Investors. As we transformed our business from 2017 to 2019 to the AI Underwriting Platform, our framework was developed specifically to support client Credit Policy Overlays and Vintages of Updates that apply to loans originated “on or after” designated Credit Policy Implementation dates.

This includes supporting those clients who essentially homogenize the Guidelines, Overlays and LLPAs of their available Non-QM Investors and present the resulting single guideline as a range of product to their channels as “house programs”.

Moreover, our leadership team was part of the generation of Lenders and Investors who supported the rapid rise and fall of ALT-A programs during their heyday and that experience informed our approach to Non-QM.

That legacy ALT-A experience and our Forensic Defense Underwriting from 2008 to 2015 contributed substantially to our AI Underwriting Platform approach whereby we only trust the documents, we never trust the indexing provided to us and always reindex to our perfection especially to establish document provenance, then we harvest our nearly 5,200 data elements per borrower and then we underwrite the file.

While the Non-QM is governed by its own set of program specific income and/or ratio guidelines, all Non-QM programs are at their foundation Agency loans whereby we have to prove that the borrower was Ineligible for the Non-QM loan can be offered and our program fully support this process with the required Underwriting Work Papers and other supporting documents and disclosures.

Our TechMor AI Underwriting Platform is fully configured for Agency, FHA, VA and Non-QM base programs.

The VA base programs support the Residual Income features that are unique to VA including disclosures for household residents and non-residents that have material impacts on the Income and Ratio Calculations.

The VA specific Collateral module supports the anomalies of VA Appraisals, Inspections and related disclosures.

These VA specific components enable our AI Underwriting Platform to handle Purchase, Cash Out Refinance in all their permutations ranging from Full Doc and Limited Doc and essentially No Doc programs such as VA IRRRLs and FHA Streamlines.

In our experience, VA Full Doc Underwriting takes literally twice as much time as any comparable Agency Program but our AI Platform enables your Underwriters to sign-off on and publish the same number of VA files per day as they an with Agency Files (assuming an 30-minute 2nd Level Review

Our TechMor AI Underwriting Platform frees up your Underwriters to handle resubs, coach your counter-parties and maximize Clear to Closes per day achieving rates as high as 8 or more CTC’s per day, per Underwriter vs manual underwriting at 2 CTC’s per day.

Our TechMor AI Underwriting Platform is fully configured for Agency, FHA, VA and Non-QM base programs.

The FHA base programs support the extend range of Income and Ratio Calculations that have material impacts qualifications as well as the more permissive Underwriting Guidelines of FHA Mission Lending programs.

The FHA specific Collateral module supports the anomalies of FHA Appraisals, Inspections and related disclosures.

These FHA specific components enable our AI Underwriting Platform to handle Purchase, Cash Out Refinance in all their permutations ranging from Full Doc and Limited Doc and essentially No Doc programs such FHA Streamlines.

In our experience, FHA Full Doc Underwriting takes about 1.5 as much time as any comparable Agency Program but our AI Platform enables your Underwriters to sign-off on and publish the same number of FHA files per day as they can with Agency Files (assuming an 30-minute 2nd Level Review)

Our TechMor AI Underwriting Platform frees up your Underwriters to focus on resubs, coaching your counterparties and maximizing Clear to Closes per day achieving rates as high as 8 or more CTC’s per day, per Underwriter vs manual underwriting at 2 CTC’s per day.

Our TechMor AI Underwriting Platform is fully configured for Agency, FHA, VA and Non-QM base programs.

The Agency base programs support all major variations from Home Possible to High Balance, First Time Home Buyer to Multi-REO investors including key program variations from Fannie to Freddie programs that materially impacts eligibility and key items such PIW and Day 1 Certainty features.

These Agency specific components enable our AI Underwriting Platform to handle Purchase, Cash Out Refinance in all their permutations ranging from Full Doc to Limited Doc. We evolve with the everchanging Agency guidelines but only as authorized by each client for their program set.

We support client specific Credit Policy Overlays and Investor specific Overlays and LLPAs for originators who aggregate production and deliver it on a bulk bid basis multiple investors and for Non-Delegated lenders who are seeking Best Execution at the time loans are locked.

We are not substitute for Pricing and Best-Ex platforms, to the contrary, we make sure that after you choose an investor and program type that the loan fully confirms to that program.

Our TechMor AI Underwriting Platform frees up your Underwriters to focus on resubs, coaching your counterparties and maximizing Clear to Closes per day achieving rates as high as 8 or more CTC’s per day, per Underwriter vs manual underwriting at 2 CTC’s per day.

Our TechMor AI Underwriting Platform support channel operators, loan production aggregators, Whole Loan Bulk Traders and MSR Traders through our capability to literally deliver 100% Due Diligence in 10% of the time it takes other vendors to complete 10% Due Diligence.

Moreover, we generate those 100% Due Diligence Reviews for about the same price as 10% sampling while generating 10x the level of detail and high reliable analytics.

Mini-Bulk, Large Scale Whole Loan Trades as well as MSR trades are all based on the underlying Loan Document Packages. Our TechMor AI Platform fully reindexes the packages supplied by Sellers and generates more than 5,200 data elements per borrower enabling us to generate not only traditional file integrity analytics but also to generate full Credit and Underwriting Integrity Analysis that is on part with the most complete FannieMae Mandatory Post Close audits performed by legacy vendors.

But unlike legacy vendors, our AI Platform can literally process thousands of files per day including generating Servicing Onboarding Datasets along with isolating the key documents required for servicing.

We can literally enable MSR or Whole Loan Servicing Trades that would require months of lead time with legacy vendors in cycle times measured in Days not Weeks.

Based on our extensive experience 2008 to 2015 handling Forensic Defense Underwriting for Lenders defending themselves in very high-profile litigation, we bring a unique view to Post Closing, Prior to Shipping and Prior to Purchase Reviews.

In all cases, we ingest a copy of all available documents for each loan into our AI Underwriting Platform, reindex them, extract up to 5,200 data elements per borrower and then run the AI rules applicable to the specific program type with any applicable Client Credit Policy Overlays or Investor specific Overlays or LLPAs.

At the option of our clients, we can conduct essentially the same review that any investor would conduct, this enables Cure then Ship approach for Correspondent Sellers instead of the legacy approach of Ship, get Stip’d by the Investor, then spend weeks curing loans that later get discounted and otherwise penalized.

This can increase net execution for Correspondent Sellers to generate more higher net sale prices per loan generating an increase income that alone can offset the cost of our reviews. This due to the cycle time reduction to 24 hours all the time and shipping perfected file instead of files with undiscovered defects.

Our reviews can be limited to file integrity, enforceability, compliance and Investor Overlays, or it can be full re-underwriting review. We can also apply the full underwriting review to specific sample percentages or risk profile loans per Lender or per pool of loans.

We conduct our Mini-Corr, Non-Del and Fully Delegated Correspondent Prior to Purchase Reviews all on a maximum 24 hour turn time. Depending upon client specific requirements and LOS capabilities, we can complete reviews in as short as 4-6 hours to get Stips out fast. We can even replace their inbound Closed Loan Package Indexing and simply post our perfected document set to their LOS or Imaging platform.