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Use caseUC0031

Check a loan applicant's bank statements for large deposits

Every loan file holds bank statements, and each deposit list must be read to spot a large deposit with no clear source. This app reads each statement, fills in its details, works out the reserve and flags deposits an underwriter must review.

For mortgage underwritersCross-domain · Banking

Why it matters

Today's manual process, and the same job with the app

A mortgage or consumer-lending underwriter checking the bank and brokerage statements in each loan file.

✕Today's manual process

1Open every statement in the loan file and read its full deposit list.
2Copy the key figures into a spreadsheet: holder, bank, dates and balances.
3Judge the largest deposit by eye, and work out the reserve value manually.
4One missed deposit means a loan goes ahead on money nobody can explain.
Every statement read by a person

✓With the app

1Each statement is read, and its ten key details come back in a table.
2Every detail shows the part of the statement it came from.
3The reserve value is worked out from the ending balance and account type.
4Large deposits with no clear source go to an underwriter, who still decides.
People review only the flagged deposits

See it work

One real case, read by the app, step by step

Owen Duarte's checking statement shows a $3,450.24 deposit labelled only “Deposit”, with no named source.

Check a loan applicant's bank statements for large depositsReference appBuilt to be shaped to your process
  1. 1The statement, read the holder, the bank and the account type, each filled in.
  2. 2Where each came from the dates and balances, and where each was found.
  3. 3The largest deposit $3,450.24, labelled only “Deposit”, with no named payer.
  4. 4Not documented nothing on the statement says where the money came from.
  5. 5The reserve value worked out from the ending balance and the account type.
  6. 6Sent for review an underwriter checks the deposit. Nothing is approved or denied.

For engineers

How it is built, and how we measured it

All fourteen steps of the build are written up, from the business case to running it in your own environment.

Kit overview →
9 of 9large, unexplained deposits flagged for reviewmeasured in 06 Evals →
0 of 46statements flagged when they should not be
515 of 523statement details read exactly rightmeasured in 06 Evals →
7.2¢to check all 55 statementsmeasured in 07 Unit cost →

The build, step by step

14 steps

Make it yours

What you see is a reference app. We shape it to how you work.

Every part of it is built to change, and none of it means starting over.

Your rulesYour loan program's deposit threshold, reserve percentages and what counts as a documented source.
Your recordsThe bank and brokerage statements already sitting in your loan files.
Your systemsResults go to your loan origination system and your underwriters' review queue.
Your screensThe fields, wording and layout your underwriters already use.

Want this for your team?

Talk to us

We can run this on your own loan files, with your own program rules, inside your environment.

Talk to us →
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