Pre-Approval Agent
Every doc checked and income calculated, with the math shown.
The Pre-Approval Agent works the borrower's documents as they arrive. It gets the docs and income ready so the loan officer can issue a pre-approval.
The Pre-Approval Agent does not issue pre-approvals. The loan officer does, in your LOS and pricing tools.
Plan: Enterprise.
What it does
- Labels and extracts every document the borrower uploads.
- Reviews each document and marks it clean, has an issue, or missing.
- Calculates qualifying income with agency-standard (MGIC-based) methods, and shows which method it used. It cross-checks the pay stub against the W-2 before settling on a number. You can download the MGIC income worksheet.
- Reconciles assets and flags every large deposit over the threshold.
- Flags issues: stale pay stubs, missing docs, unreadable images, expired IDs, and new needs such as a VOE or a letter of explanation.
- Lists the open items holding the file back, in order.
- Drafts borrower emails in the loan officer's voice, learned from their past sent emails, so the borrower knows exactly what to send and why.
How it starts
A borrower document arriving starts it, and it runs again as new documents land. A loan officer can also run it from the loan file.
Documents are picked up wherever borrowers send them: your ARIVE or LendingPad portal, email, WhatsApp, or text. Borrowers don't change how they upload.
Approvals
These wait for your approval:
- Every borrower email or text
- Closing a need in ARIVE that the review proved is met
- Every other write to the LOS
Most approved changes can be undone. A sent email cannot be unsent. See Approvals and undo.
Set it up
- Connect your LOS in Settings > Connections.
- Connect Gmail or Outlook in Settings > Connections so drafts match the loan officer's own email. Gmail drafts can be sent from the loan officer's inbox. For Outlook, Aila writes the draft and the loan officer sends it from Outlook.
Related
- Intake Agent: builds the file this agent works.
- Ops Prep Agent: checks the file against your SOP.
- Approvals and undo