Casca: Revolutionizing Business Loan Origination
Casca is an innovative AI-native Loan Origination System that is making waves in the banking and lending industry. It offers a comprehensive set of features designed to streamline and enhance the loan origination process for businesses.
Overview
Casca provides a seamless experience for both lenders and borrowers. For lenders, it automates a significant portion of the manual effort involved in business loan origination. In fact, it can automate up to 90% of the manual tasks, allowing loan officers to focus on more critical aspects of the process. For borrowers, it simplifies the application process and provides real-time assistance through its AI Assistant.
Core Features
One of the standout features of Casca is its AI Loan Assistant. This intelligent assistant is available 24/7 and can respond in just 2-3 minutes. It guides borrowers through the loan application process, like in the case of Mike who was starting his $250,000 SBA 7(a) loan application. The assistant provides relevant information and answers to queries promptly.
Casca also offers instant analysis of over 40 KYB (Know Your Business) checks. It integrates with credit bureaus for accurate credit checks and has a portal to track the loan progress. Additionally, it can analyze over 100 document types, calculate financial ratios instantly, and enable digital approvals with automated decisions.
Basic Usage
Getting started with Casca is relatively straightforward. Lenders can deploy it within 2 weeks. Once deployed, they can take advantage of its automated document collection feature, which can automate 90% of the document gathering process. This not only saves time but also reduces errors.
Compared to traditional loan origination systems that rely on clunky front-end forms, PDFs, and manual follow-ups with significant delays, Casca offers a much more efficient and user-friendly alternative. It has helped banks improve their loan origination process, resulting in 3x higher conversion rates and significant time savings for loan officers.
In conclusion, Casca is a game-changer in the world of business loan origination, leveraging the power of AI to provide a superior experience for all parties involved.
