Business, Free News Articles, Software

LenderCity Chooses FinKube’s ELSA AI-Powered Virtual Assistant

DALLAS, Texas -- FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that St. Louis-based LenderCity has successfully deployed ELSA, FinKube's Electronic Loan Services Assistant. The mortgage industry's first chatbot is already interacting with prospective borrowers on the LenderCity website.

"Consumers want immediate answers to their home finance questions and ELSA is smart enough to provide the information they need and gather the information we need to prequalify the borrower," said Gregg Harris, principal at LenderCity. "We know we need to respond very quickly to borrower requests for information, but we also want to capture as much information from them as we can, without taking up the loan officer's time. FinKube's ELSA is the answer."

ELSA is the industry's first intelligent assistant and uses AI and machine learning to enhance the origination process from origination to close. Her AI is powerful enough to gather borrower information, render decisions, automate time-consuming tasks and help lenders produce fully compliant mortgage loans in as few as 20 days, though she is well versed in any form of consumer lending.

"American home buyers still want to visit with a live loan officer before signing on a new mortgage, but it's not efficient to spend the loan officer's time in conference with borrowers who do not qualify," said Jorge Sauri, founder and CEO of FinKube. "At the same time, those borrowers who do qualify expect to have their questions answered immediately. They don't want to wait for a call back. They want to feel like they are in control. Most chatbot technology cannot offer that, but ELSA does."

With ELSA, LenderCity is able to hyper personalize the home finance transaction at every stage.

Studies have shown that this
* Reduces customer acquisition costs by 50-80%
* Increases engagement and conversion by 500%
* Reduces customer service costs by 50-80%
* Increases loan retention by a factor of 6.

As an A.I.-powered virtual assistant, ELSA works 24/7/365 pre-qualifying leads, communicating with customers and synchronizing outreach across chat, text, voice, email, and mobile wallet. In addition, FinKube can deploy ELSA ten times faster than generic chatbots that can't speak mortgage out of the box.

Learn more about ELSA at: https://finkube.com/product/elsa-mortgage-software/

About LenderCity:
LenderCity is a consumer direct lender partnered with over 30 lenders to find the lowest rates. It is our mission to change the way consumers shop and apply for a loan. Our entire process can be done online and is safe, secure, and efficient. Close in under 30 days and at the best rate available. Learn more at: https://www.lendercity.com/.

About FinKube:
FinKube with ELSA (E-Loan Support Assistance) is a human in the loop automation (IA) cloud lending platform that makes offering the digital mortgage experience easy. Adaptive technology with the only AI-powered cognitive, industry-specific chatbot all built on a private cloud infrastructure gives lenders affordable access to industry-leading tools that allow them to compete with the nation's largest lenders.

ELSA learns and adjusts to any origination model, chats with consumers to gather information and provide services, and provides lenders with the industry's most flexible solution to meet their own lending needs. In short, FinKube offers Adaptive technology with the Cognitive functionality required to take lenders Digital.

For more information, visit the company's website at: https://finkube.com/.

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This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Software, Webinars

FinKube, Plaid Offer Webinar on Digital Lending

DALLAS, Texas -- FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that the company will offer a free webinar featuring Plaid Inc. - a financial technology platform that powers modern, digital financial services.

The free webinar on Thursday, October 18, 2018 at 2 p.m. ET will provide tips and best practices to help loan originators adopt financial technology (fintech) at the point-of-sale to attract borrowers and offer fast pre-qualifications.

"Speed is critically important to today's borrowers, and lenders that respond quickly and then pre-qualify quickly will win more business," said Jorge Sauri, founder and CEO of FinKube. "Our point-of-sale technology was designed to allow lenders to use the best tools available to win more business. Plaid is an excellent example of a company that is using fintech to speed up the loan process. In this webinar, we'll find out how every lender, regardless of size, can harness this power and deliver this speed."

Plaid's suite of products streamlines account authentication and drives efficiencies throughout the lending process. When using Plaid's digital asset verification product at the point-of-sale, loan originators can boost application completion rates and reduce time to close. Additionally, Plaid is a Day 1 Certainty(tm) asset verification report supplier for Fannie Mae Desktop Underwriter(r), which offers peace of mind to lenders by providing rep and warrant relief on verified loan components. Fannie Mae has seen loans with assets validated through the DU validation service close 17 percent faster on average.

FinKube is the creator of ELSA, which stands for Electronic Loan Services Assistant. ELSA is the financial services industry's first AI assistant that uses machine learning to enhance the loan process from origination to close. ELSA can gather borrower information, render decisions, automate time-consuming tasks, and help lenders produce fully compliant mortgage loans in as few as 20 days.

Learn more about ELSA at: https://finkube.com/product/elsa-mortgage-software/.

To register for the free webinar, visit the website: http://bit.ly/2xSUFlg

About Plaid:

Plaid is a financial technology platform that enables applications to connect with users' bank accounts. Headquartered in San Francisco, Calif., Plaid focuses on lowering the barriers to entry in financial services by making it easier and safer to use financial data. The team builds beautiful consumer experiences, user-friendly infrastructure, and intelligence tools that give everyone the ability to develop the future of financial services. For more information, visit https://plaid.com.

About FinKube:

FinKube with ELSA (E-Loan Support Assistance) is a human in the loop automation (IA) cloud lending platform that makes offering the digital mortgage experience easy. Adaptive technology with the only AI-powered cognitive, industry-specific chatbot all built on a private cloud infrastructure gives lenders affordable access to industry-leading tools that allow them to compete with the nation's largest lenders. ELSA learns and adjusts to any origination model, chats with consumers to gather information and provide services, and provides lenders with the industry's most flexible solution to meet their own lending needs. In short, FinKube offers Adaptive technology with the Cognitive functionality required to take lenders Digital.

For more information, visit the company's website at https://finkube.com/.

Related link:

This news story was published by the Neotrope® News Network - all rights reserved.

Free News Articles, Software

FinKube Publishes New Digital Lending White Paper, ‘Simplifying the Digital Mortgage Process’

DALLAS, Texas -- FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that it has published a new whitepaper entitled "Simplifying the Digital Mortgage Process." The new paper outlines some of the risks lenders face when making choices about the technologies they employ on the front ends of their mortgage origination processes.

"It's in the best interests of the mortgage technology vendor community for lenders to believe that meeting the digital requirements of modern mortgage borrowers is complicated," said Jorge Sauri, founder and CEO of FinKube. "We don't believe it is. Instead of investing in technology that changes the way the lender operates an existing business, there is far less risk in using adaptive technology that has the cognitive power to take the lender's existing business digital. This requires the lender to rethink what it means to go digital, which is the focus of our new white paper."

In the paper, FinKube outlines the four objectives a lender must achieve if they hope to compete with the nation's largest fintech lenders. It also explains how to win more customers without investing in an expensive call center, like the nation's largest firms have done in order to serve as the back office for their digital front ends.

FinKube is the creator of ELSA, which stands for Electronic Loan Services Assistant. She is the financial services industry's first intelligent assistant and uses AI and machine learning to enhance the origination process from origination to close. ELSA can gather borrower information, render decisions, automate time-consuming tasks and help lenders produce fully compliant mortgage loans in as few as 20 days. Learn more about ELSA at https://finkube.com/product/elsa-intelligent-assistance/.

FinKube was founded by Jorge Sauri, an industry veteran with nearly 20 years of experience developing IT solutions and technology platforms for banks, lenders and real estate companies. He developed the mortgage industry's first cloud-based software for underwriting subprime mortgages at Arc Systems and then developed a completely cloud-based LOS called MortgageDashboard.

To download a free copy of the white paper, visit the company's website at https://finkube.com/landing-page/.

About FinKube:

FinKube with ELSA (E-Loan Support Assistance) is a human in the loop automation (IA) cloud lending platform that makes offering the digital mortgage experience easy. Adaptive technology with the only AI-powered cognitive, industry-specific chatbot all built on a private cloud infrastructure gives lenders affordable access to industry-leading tools that allow them to compete with the nation's largest lenders. ELSA learns and adjusts to any origination model, chats with consumers to gather information and provide services, and provides lenders with the industry's most flexible solution to meet their own lending needs. In short, FinKube offers Adaptive technology with the Cognitive functionality required to take lenders Digital.

For more information, visit the company's website at https://finkube.com/

Related link:

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Software

FinKube Launches New Website for Innovative Chatbot

DALLAS, Texas -- FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that it has launched a new website for its intelligent, conversational chatbot, ELSA. The arrival of the new site, which can be found at www.elsabot.com, coincides with FinKube's expanding role as an AI provider for industries beyond US financial services.

ELSA stands for Electronic Loan Services Assistant and was initially developed to serve as the brain behind FinKube's new Digital Lending Platform. She is the financial services industry's first intelligent assistant and uses AI and machine learning to enhance the origination process from origination to close.

"We built ELSA because generic chatbots will never meet the needs of the complex mortgage lending industry," said Jorge Sauri, founder and CEO of FinKube. "We needed AI that was powerful enough to understand the lending industry and learn as things changed. What we developed was a chatbot that can learn incredibly quickly and be configured to gather information that meets any industry's compliance requirements. ELSA is much more powerful than we initially imagined and so we're not going to limit her to banking services offered to US consumers."

ELSA includes AI that is powerful enough to gather borrower information, render decisions, automate time-consuming tasks and help lenders produce fully compliant mortgage loans in as few as 20 days, though she is well versed in any form of consumer lending. However, ELSA's skill set can easily be applied to other tasks in other industries. The speed with which ELSA can be configured and deployed along with the wide range of applications has made the chatbot attractive to companies both outside of the lending industry and even outside of the country.

FinKube was founded by Jorge Sauri, an industry veteran with nearly 20 years of experience developing IT solutions and technology platforms for banks, lenders and real estate companies. He developed the mortgage industry's first cloud-based software for underwriting subprime mortgages at Arc Systems and then developed a completely cloud-based LOS called MortgageDashboard.

See the new website and learn more about ELSA at https://elsabot.com/.

For a quick introduction to ELSA, follow this link: https://www.slideshare.net/FinKube/introducing-elsa-an-intelligent-conversational-chat-bot

About FinKube:

FinKube is the first lending technology developer to incorporate Artificial Intelligence at the core to provide Intelligence Augmentation (IA) to human loan officers and deliver its platform under a cloud-based, Platform-as-a-Service model. ELSA, the Electronic Lending Services Assistant, is Artificial Intelligence specifically developed for compliant consumer lending and is the brains behind a platform that can help lenders originate any type of consumer loan product.

ELSA learns and adjusts to any origination model, chats with consumers to gather information and provide services, and provides lenders with the industry's most flexible solution to meet their own lending needs.

For more information, visit the company's website at https://finkube.com/.

Related link:

This news story was published by the Neotrope® News Network - all rights reserved.