LoanLight's pre-underwriting agents flag issues, missing requirements, and guideline fit—pre-vetted files, tailored to the specific loan program.
Document Health
Is every required document here?
Program-specific check to ensure all required documents are present, signed, up-to-date, and legitimate. Flags issues and requests what's missing automatically.
Data validation
Do the documents match the data?
Every document is cross-referenced against the source data. Mismatches between documents surface upfront before they become late-stage conditions.
Do I need to spend more time here?
Ensures all required fields are present and flags any declarations for underwriter review. The system then auto-generates the follow-up document requests.
Credit review
Does the credit meet requirements?
Every data point extracted and run against the program's requirements: score, tradelines, housing history, ratio thresholds. Every rule returns a clear pass or flag.
Property review
Any red flags before the appraisal?
A full property report on the subject, the current residence, and all REO — configurable rules flag issues at intake instead of waiting weeks on the appraisal.
Runs continuously from submission to close.
Pre-underwriting isn't a one-time pass. LoanLight works the file from the moment it arrives until it's clear to close.
FIRST PASS
File prep at intake
Every new file is worked on arrival — so your team only invests underwriter time in files that will actually close.
Trigger: intake · median pass 9m 42s
ALWAYS ON
Monitoring as documents arrive
New documents are validated the moment they land, and the readiness picture updates — nothing slips between milestones.
Triggers: new document · data change
LAST PASS
Review before clear-to-close
A final automated sweep against your guidelines before CTC — fewer last-minute fire drills, fewer buyback surprises.
Trigger: CTC-7d · full re-run, all checks
Underwriters wake up to
worked files.
The checks run in the background, all night, on every file in the pipeline. By morning, complete files are queued for decisions and exceptions are flagged with the evidence attached — nobody starts the day with stare-and-compare.
Runs unattended.
Every file, every check, on schedule and on new documents.
Exception only.
Humans see flags with evidence - not raw files.
Fully logged.
Every check leaves an audit trail your QC team can defend.
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