Skylark's Technology Revolutionizes Mortgage Operations

In today's rapidly evolving market, adaptability is critical. Harness the power of Skylark's AskAI suite for digital, dynamic document generation, starting with data extraction and normalization. The suite also offers AI and workflow-led decision support solutions to simplify day-to-day operations and boost efficiency.

Our comprehensive document and digital mortgage support solutions for origination, underwriting support, title plant, title search, post-close, and servicing are engineered to deliver significant cost savings and free up resources. This lets you focus on increasing automation and driving efficiency in a challenging market landscape.

Tailored Flexibility for Your Unique Needs

Our highly configurable solutions can be customized to align with your specific goals, providing the flexibility to adapt to ever-changing market demands.

Beyond Document Generation and Title Plant

Partnering with Skylark means gaining access to more than innovative mortgage processes and expedited origination. With Skylark, you benefit from our deep industry expertise and thought leadership.

Compliance and Continuous Innovation

Compliance is at the core of our operations. Our seasoned legal team is dedicated to enhancing regulatory compliance and ensuring a holistic and trustworthy document service. Our commitment to advancing technology ensures you benefit from ongoing product enhancements and increasingly integrated services.

When you collaborate with Skylark, we support your current needs and help you scale for future growth.

About AskAI

Skylark's AskAI suite is the premier solution for the lending industry, offering a one-stop shop for lenders to maintain compliance, streamline the signing process, and achieve their goals. Trusted by leading lenders, our cutting-edge technology and unwavering commitment to compliance set us apart.

Our comprehensive platform blends technology, compliance, and partnership with exceptional service, ensuring our clients' success. Transform your mortgage operations with Skylark and the AskAI suite, and experience the difference in efficiency and scalability.

The platform comprehensively reviews borrowers' credit, income, and assets, offering lenders an upfront view to streamline the underwriting process.

Key Features:

Efficient Data Handling:

The platform connects with the Loan Origination System (LOS) through APIs. It processes files from a predefined queue, utilizing OCR to scan and categorize all documents. This includes separating documents into buckets such as 1003, credit reports, AUS findings, W2s, pay stubs, and bank statements.

Data Extraction and Validation:

It extracts multiple data points, including those from checkboxes. After extraction, the platform runs complex business rules to validate the data, including AUX and 1003 validations. It checks for the completeness of documents and ensures all necessary files are present.

Automated Decision-Making:

The system can approve files with conditions if criteria are met, such as LTV or DTI ratios exceeding guidelines. It also calculates the qualifying loan amount for borrowers and highlights any exceptions or findings from the documents.

Integration and Efficiency:

Findings and exceptions are sent to the LOS or directly to the underwriter, significantly reducing processing time from days or hours to minutes.

Cloud-Based Solution:

As a cloud-based platform, it requires no upfront investment, making it a cost-effective solution for rapid loan processing and closing.

This platform enhances loan processing efficiency and helps close loans faster with minimal manual effort.