AI case study

loanDepotPost-closing automation

File completeness checks consumed post-closing teams. Foundation automated 80%+ of government insuring tasks, freeing staff for exceptions.

Published

Key results

Task Automation Rate
80%+

Result highlights

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The story

Context

A mortgage lender with post-closing operations spanning government insuring, closing disclosure reconciliation, defect remediation, and loan delivery, each handled by separate specialized teams.

Challenge

Government insuring is deadline-driven, highly repetitive work where most effort goes into confirming file completeness rather than applying...

Solution
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Quotes

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The company

loanDepot logo

loanDepot

loandepot.com

Mortgage lender offering home loans, refinancing, and home equity products.

IndustryFinancial Services
LocationIrvine, CA, USA
Employees1K-5K
Founded2010

The vendor

Novaprime logo

Novaprime

novaprime.com
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Provided Foundation, an agentic operating system that automates post-closing tasks including closing disclosure reconciliation, defect remediation, and loan delivery

IndustrySoftware & Platforms
LocationMiami, Florida, United States
Employees11-50

Use case

loanDepot's Post-closing automation is part of this use case:

Compliance Review
65 case studies(+36% YoY)
Proven impact?
Average
2.8Typical
2.8Typicalwithin Financial Services
2.8Typicalwithin Operations

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