AI Loan Modification Analysis
AI Loan Modification Analysis
Keep your loan servicing data accurate
Keep your loan servicing data accurate
V7 Go's agent automates the review of loan modification agreements, identifying exactly which terms were changed and providing structured data to update your servicing systems without error.
What is it
What is it
Managing Loan Portfolio Changes
A Loan Modification Agreement is a contract that permanently alters the terms of an existing loan. It is a critical document in loan servicing and workout scenarios.
How is it solved today?
Servicing staff manually read modification agreements and key the new terms into billing systems a high-risk process prone to costly data entry errors.
How is it solved today?
Servicing staff manually read modification agreements and key the new terms into billing systems a high-risk process prone to costly data entry errors.
How is it solved today?
Servicing staff manually read modification agreements and key the new terms into billing systems a high-risk process prone to costly data entry errors.
Why V7 Go
V7 Go reads the modification agreement extracts only the changed terms and provides structured data to update servicing systems automatically and without error.
Why V7 Go
V7 Go reads the modification agreement extracts only the changed terms and provides structured data to update servicing systems automatically and without error.
Why V7 Go
V7 Go reads the modification agreement extracts only the changed terms and provides structured data to update servicing systems automatically and without error.
Time comparison
Time comparison
Time comparison
Traditional way
1-2 hours
1-2 hours
With V7 Go agents
5 minutes
5 minutes
Average time saved
95%
95%
Why V7 Go
Review loan modification and forbearance agreements.
Extract new interest rates, maturity dates, and payment terms.
Workflow
Workflow
Import your files
Encompass
,
Black Knight
,
nCino
Loan Modification Agreements
Loan Modification Agreements
Loan Modification Agreements
Forbearance Agreements
Forbearance Agreements
Forbearance Agreements
Original Loan Agreements
Original Loan Agreements
Original Loan Agreements
Assumption Agreements
Assumption Agreements
Assumption Agreements
Deferral Agreements
Deferral Agreements
Deferral Agreements
Servicing Transfer Notices
Servicing Transfer Notices
Servicing Transfer Notices
New Interest Rate & Terms
New Interest Rate & Terms
New Interest Rate & Terms
New Maturity Date
New Maturity Date
New Maturity Date
Modified Payment Amount
Modified Payment Amount
Modified Payment Amount
Principal Forbearance/Deferral Amount
Principal Forbearance/Deferral Amount
Principal Forbearance/Deferral Amount
Capitalized Interest & Fees
Capitalized Interest & Fees
Capitalized Interest & Fees
Changes to Covenants
Changes to Covenants
Changes to Covenants
Re-amortization Schedule
Re-amortization Schedule
Re-amortization Schedule
Waiver of Past Defaults
Waiver of Past Defaults
Waiver of Past Defaults
Consent from Guarantors
Consent from Guarantors
Consent from Guarantors
Confirmation of New Principal Balance
Confirmation of New Principal Balance
Confirmation of New Principal Balance
Why V7 Go
Why V7 Go
Change of Terms Extraction
The agent automatically identifies and extracts the specific terms that have been modified, such as interest rate, maturity date, and principal amount.
Change of Terms Extraction
The agent automatically identifies and extracts the specific terms that have been modified, such as interest rate, maturity date, and principal amount.
Change of Terms Extraction
The agent automatically identifies and extracts the specific terms that have been modified, such as interest rate, maturity date, and principal amount.
Original vs. Modified Comparison
Provides a clear side-by-side comparison of the original loan terms and the new, modified terms.
Original vs. Modified Comparison
Provides a clear side-by-side comparison of the original loan terms and the new, modified terms.
Original vs. Modified Comparison
Provides a clear side-by-side comparison of the original loan terms and the new, modified terms.
Fee & Forbearance Analysis
Accurately extracts any modification fees, capitalized interest, or principal forbearance amounts.
Fee & Forbearance Analysis
Accurately extracts any modification fees, capitalized interest, or principal forbearance amounts.
Fee & Forbearance Analysis
Accurately extracts any modification fees, capitalized interest, or principal forbearance amounts.
Elimination of Data Entry Errors
Detects any changes to financial or reporting covenants that result from the loan modification.
Elimination of Data Entry Errors
Detects any changes to financial or reporting covenants that result from the loan modification.
Elimination of Data Entry Errors
Detects any changes to financial or reporting covenants that result from the loan modification.
Elimination of Data Entry Errors
Dramatically reduces the risk of manual data entry errors that cause incorrect billing and servicing issues.
Elimination of Data Entry Errors
Dramatically reduces the risk of manual data entry errors that cause incorrect billing and servicing issues.
Elimination of Data Entry Errors
Dramatically reduces the risk of manual data entry errors that cause incorrect billing and servicing issues.
Automated System Updates
The structured data output can be used to automatically update the loan record in your servicing platform via API.
Automated System Updates
The structured data output can be used to automatically update the loan record in your servicing platform via API.
Automated System Updates
The structured data output can be used to automatically update the loan record in your servicing platform via API.
V7 Go
V7 Go
V7 Go
AI-powered loan servicing
AI-powered loan servicing
for banks and financial institutions
When a loan is modified, servicers face a high-risk manual update process. An employee must read the loan modification agreement and manually key the new terms into the servicing system. A single data entry error—a wrong interest rate, an incorrect payment date—can lead to billing mistakes, compliance violations, and serious customer dissatisfaction.
Loan Servicing Teams
Automate the high-risk process of updating loan terms after a modification, eliminating manual entry errors and ensuring billing accuracy.
Loan Servicing Teams
Automate the high-risk process of updating loan terms after a modification, eliminating manual entry errors and ensuring billing accuracy.
Loan Servicing Teams
Automate the high-risk process of updating loan terms after a modification, eliminating manual entry errors and ensuring billing accuracy.
Special Assets & Workout Groups
Quickly get a structured summary of all modified loan terms across your portfolio to better manage and report on distressed assets.
Special Assets & Workout Groups
Quickly get a structured summary of all modified loan terms across your portfolio to better manage and report on distressed assets.
Special Assets & Workout Groups
Quickly get a structured summary of all modified loan terms across your portfolio to better manage and report on distressed assets.
Delegate loan modification review
Delegate loan modification review
to a servicing AI agent
to a servicing AI agent
Change of Terms Extraction
The agent automatically identifies and extracts the specific terms that have been modified such as interest rate and maturity date.
Automated System Updates
The structured data output can be used to automatically update the loan record in your servicing platform via API.
More agents
Next steps
Ensure loan modifications are recorded perfectly.
Let's talk
You’ll hear back in less than 24 hours
Next steps
Ensure loan modifications are recorded perfectly.
Let's talk
Next steps
Ensure loan modifications are recorded perfectly.
Let's talk
You’ll hear back in less than 24 hours
FAQ
FAQ
FAQ
Have questions?
Find answers.
What is a Loan Modification Agreement?
It's a legal contract that permanently changes one or more of the original terms of a loan, such as the interest rate, loan term, or monthly payment amount.
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What is a Loan Modification Agreement?
It's a legal contract that permanently changes one or more of the original terms of a loan, such as the interest rate, loan term, or monthly payment amount.
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What is a Loan Modification Agreement?
It's a legal contract that permanently changes one or more of the original terms of a loan, such as the interest rate, loan term, or monthly payment amount.
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How does the agent know what the original terms were?
The workflow allows you to provide both the original loan agreement and the modification agreement. The agent reads both and intelligently compares them to identify the changes.
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How does the agent know what the original terms were?
The workflow allows you to provide both the original loan agreement and the modification agreement. The agent reads both and intelligently compares them to identify the changes.
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How does the agent know what the original terms were?
The workflow allows you to provide both the original loan agreement and the modification agreement. The agent reads both and intelligently compares them to identify the changes.
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Can this handle complex modifications like principal deferrals?
Yes, the agent is trained to understand complex modification structures, including interest rate step-ups, principal forbearance, and term extensions.
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Can this handle complex modifications like principal deferrals?
Yes, the agent is trained to understand complex modification structures, including interest rate step-ups, principal forbearance, and term extensions.
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Can this handle complex modifications like principal deferrals?
Yes, the agent is trained to understand complex modification structures, including interest rate step-ups, principal forbearance, and term extensions.
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Is this for residential mortgages or commercial loans?
Both. The agent can be configured to process modifications for commercial real estate loans, corporate credit facilities, and standard residential mortgages.
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Is this for residential mortgages or commercial loans?
Both. The agent can be configured to process modifications for commercial real estate loans, corporate credit facilities, and standard residential mortgages.
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Is this for residential mortgages or commercial loans?
Both. The agent can be configured to process modifications for commercial real estate loans, corporate credit facilities, and standard residential mortgages.
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How does this improve compliance?
By ensuring the servicing system is updated accurately with the legally agreed-upon terms, it prevents violations of servicing regulations and ensures correct reporting to borrowers.
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How does this improve compliance?
By ensuring the servicing system is updated accurately with the legally agreed-upon terms, it prevents violations of servicing regulations and ensures correct reporting to borrowers.
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How does this improve compliance?
By ensuring the servicing system is updated accurately with the legally agreed-upon terms, it prevents violations of servicing regulations and ensures correct reporting to borrowers.
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What is the primary ROI?
The primary return is a reduction in operational risk by eliminating costly data entry errors, as well as significant efficiency gains in the loan servicing department.
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What is the primary ROI?
The primary return is a reduction in operational risk by eliminating costly data entry errors, as well as significant efficiency gains in the loan servicing department.
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What is the primary ROI?
The primary return is a reduction in operational risk by eliminating costly data entry errors, as well as significant efficiency gains in the loan servicing department.
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