LenderLogix has launched AI Sidekick, an artificial intelligence feature built into its LiteSpeed point-of-sale (POS) platform.
AI Sidekick supports LOs with simple tools to instantly review loan files, efficiently update document needs lists and rapidly identify missing data, reducing loan processing times by up to 40%.
AI Sidekick empowers LOs by streamlining manual back-end tasks. It scans and analyzes loan details in seconds, providing LOs with critical insights into potential compliance errors and missing documentation, minimizing risk while improving turnaround time without disrupting current processes.
Built with SOC 2-compliant infrastructure and end-to-end encryption, AI Sidekick ensures that borrower data remains fully secure within lenders’ existing Encompass environments.
“With AI Sidekick, we’re giving lenders a way to eliminate bottlenecks in the loan process without adding complexity,” says Patrick O’Brien, CEO of LenderLogix, in a release. “It’s not about replacing people but about equipping them with modern tools. AI Sidekick doesn’t interact with borrowers, instead acting as a true copilot for LOs to automate the most time-consuming parts of loan file review so they can focus on what they do best: building relationships and delivering great service.”