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"Ever since we rolled out Elphi AI, the time it takes me to underwrite a loan has been cut by at least half."
From Daniel
I think the bar tech providers set through the selling process is too low, and lenders should demand more.
When was the last time a vendor built your actual workflow into a demo, instead of running you through a generic script? When was the last time you got sandbox access modeled on your process?
A vendor who can't configure a demo around how you actually lend won't be able to configure your platform once you're live, at the pace you'll need in 2026.
This past two weeks alone, I configured 6 sandbox environments and ran six demos for six different lenders - each one shaped around that lender's own process, programs, and guidelines. All without code. Why should a lender have to bend its operation to fit a platform, instead of the other way around?
What’s New
Elphi AI production results are in, and an estimated 247 hours saved in the first six weeks, from users no longer having to manually review files, enter data, verify it, and progress the workflow by hand. That's on top of 5,000 documents processed, 15,399 field values extracted, and 1,713 workflow updates - all done automatically by our AI model.
Our AI doesn't just extract data and progress workflows - it flags gaps, works through your guidelines when reviewing documents, and surfaces issues your processor or underwriter would otherwise have to catch by hand.
Shoot me a note for the full report.
Signal from the Market
Forget loan officers, processors, underwriters - do you have the right tech team in place?
Technology today lets you run leaner than ever, if you have people who can use it. I had a call recently with a lender still stuck on an old CRM and LOS. The holdup wasn't budget or need - it was a tech team unwilling, or unable, to move to something new. Your tech team should be an enabler, not the reason you're stuck. Get that right, and you're ahead of most of the market before you even switch platforms.
What’s Coming
Soon we're releasing the ability to build third-party integrations without code. A new credit report vendor, a title integration, whatever it is - no code required to wire it up. We'll be able to spin up integrations for our partners faster than we ever have. Targeting Q3 - I'll keep reporting.
- Daniel Gottesmann, Co-founder, Elphi