Adaptive Workflow Automation
Handle more loans—easier. Coviance’s Adaptive Workflow Automation proactively turns real-time data into smart loan workflows, from application to close.
Inject Speed and Transparency into Lending
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Streamline Processes
Automate your work every step of the way. No cumbersome processes necessary.
Boost Productivity
Automation lets you make faster decisions. Cut origination costs. Accelerate closing. All at scale.
Elevate the Experience
Workflow automation doesn’t just make your life better. Keep borrowers engaged, informed, and happy.
Instant FinTech Power
Powered by a proprietary Collateral Decision Engine™, Coviance’s intelligent automation and communication workflows are based on application data, property data, and loan purpose. All aligned to your unique policies.
Drag-and-Drop
No code, drag-and-drop home equity workflows—at the push of a button.
Pre-built Workflows
Instantly take advantage of pre-built workflows, or adapt them for your own needs.
Product Ordering
Order the right products at the right time, adhering to your policies without exception.
Instant Property Condition
Borrowers submit photos of their home to quickly validate the condition of the property before loan approval.
Collateral Validation
Coviance Connectors flow data and documents back to your LOS, saving time and creating efficiency.
Borrower Communication
Send real-time communications to members so they never feel out of the loop.
“The platform brings everything you need to get a real estate transaction done from start to finish completely done. It’s all simplified and automated, including communicating to your borrower throughout the process.”
VP of Lending, King’s Federal Credit Union
Simplify the Loan Experience
Adaptive Workflow Automation enables outstanding experiences for borrowers and lenders alike. Powered by our proprietary Collateral Decision Engine™, Coviance turns manual processes into automated loan origination experiences.
Automate Your Lending Process
Get in touch with us to see a tailored demo, personalized to your institution and your needs.
Frequently Asked Questions
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Coviance's platform delivers a strong ROI for home equity lenders in several ways:
- Increased Loan Volume: Faster processing times and streamlined workflows enable lenders to originate more loans and grow their business.
- Reduced Operating Costs: Automation lowers administrative costs by eliminating manual tasks, reducing errors, and improving efficiency.
- Improved Borrower Satisfaction: A smoother and faster loan process leads to higher borrower satisfaction and potentially increased loan referrals.
- Enhanced Regulatory Compliance: Automated data capture and validation minimize errors and simplify compliance with regulations like HMDA.
By optimizing operational efficiency and improving borrower experience, Coviance helps lenders achieve a significant return on investment.
Coviance's platform automates a wide range of tasks in the home equity lending process:
- Loan Application Processing: Coviance automates data collection, document verification, and initial eligibility checks.
- Underwriting Automation: Coviance leverages data analysis and pre-defined rules to automate parts of the underwriting process.
- Document Management: Our platform automates document routing, storage, and retrieval.
- Borrower Communication: Automated communication tools keep borrowers informed throughout the loan process.
- Closing Automation: Coviance automates task assignments, document generation, and e-signature capabilities.
By automating these tasks, Coviance empowers lenders to originate loans faster, reduce errors, and free up staff time to focus on building relationships with borrowers.