Floify Launches Dynamic AI Data Extraction Tool
Floify's Dynamic AI automates document collection and data extraction, reducing manual entry and speeding up approvals.
Point-of-sale (POS) solutions company Floify announced the launch of Dynamic AI, a new capability that streamlines the mortgage application process.
- Borrowers can upload documents such as pay stubs, W-2s, and identification.
- The system's AI extracts and verifies the data, prepopulating applications with confirmed information.
The new tool complements Floify's Dynamic Apps feature, which allows lenders to customize loan applications based on loan type.
Floify says the feature cuts down on manual data entry for loan officers and speeds up application completion.
Dynamic AI is built into Floify's existing POS system, allowing lenders to use it without adopting a separate platform.
Author's summary: Floify launches Dynamic AI for automated data extraction.