70% of financial institutions lost clients last year. The bottleneck is onboarding paperwork.
Klarefi reads loan files, financial statements, and onboarding documents. Extracts verified data with source citations. Chases applicants for what is missing. Your underwriters open complete credit files instead of 200-page document stacks.
Your underwriters review 200+ documents per loan. 11.5% of that data is wrong or missing.
A commercial loan file arrives as a stack of PDFs. Financial statements, tax returns, corporate filings, appraisals, insurance certificates. Your team opens each one, finds the key numbers, and types them into the origination system. Each manual transfer introduces errors. Each error delays the close.
The industry says you need a bigger team or a multi-year core system replacement. But personnel already accounts for 67% of origination costs. The average retail lender loses $600 per loan. Hiring more people makes the math worse, not better.
Meanwhile, 29% of wealth managers take three or more months to onboard a single high-net-worth client. Half of all applicants abandon digital onboarding if it takes longer than three minutes. Every week of delay is revenue walking out the door.
$0
average cost to originate a single loan
Freddie Mac, 2025
0.0%
of loan file data is missing or wrong
LoanLogics, 2025
0%
of institutions lost clients to slow onboarding
Fenergo, 2025
You do not need a new core system. You need an intelligent front door.
Step 01
Form
Guided intake collects the right documents in the right format.
Step 02
Fact
Every document is read. Every value is extracted and cited to its source page.
Step 03
Verify
Cross-check extracted facts against your rules or external systems. Surface mismatches before your team reviews.
The decision-ready intake platform. Customer intake that works on top of your existing systems, verifying every submission — cutting triage cost in half and ten-day waits into same-day decisions.
Purpose-built for
What your underwriters see when loan packages arrive
Complete credit files with every value cited. Ready for judgment before your team starts reviewing.
Full lending workflow demo
What Klarefi handles for lending teams
Evidence-backed extraction
Revenue, EBITDA, debt ratios, collateral values. Every figure pinned to its source in financial statements, tax returns, or appraisals.
Gap detection
Missing tax returns, expired appraisals, incomplete corporate filings flagged before your underwriter touches the file.
Hosted intake
Applicants submit through a guided form on your domain. Conditional logic collects the right financial documents in the right format.
Human-in-the-loop
Your underwriters review extracted data and select from candidates. Corrections feed back to improve extraction accuracy over time.
See it on your actual loan files
Run a pilot on your actual loan files. We show you cited extractions and verified financials within two weeks. Measurable accuracy on your documents.