Finance
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.
“Total revenue for the financial year ending 31 December 2025: EUR 8,214,000.”
Financial statements, page 4
“Net operating income of EUR 1,400,000 against annual debt service of EUR 769,230.”
Derived from financials + loan terms
“Market value as of 15 January 2026: EUR 3,100,000. Valuation method: comparable sales approach.”
Appraisal report, page 2
The problem
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 handoff 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
How it works
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
Missing evidence is flagged. The applicant gets an upload link before your team opens the file.
Klarefi is an intake operating system that turns document stacks into verified, cited credit files. Three steps. Form: applicants submit through guided intake. Fact: every document is read, every value is extracted and traced to its source page. Verify: gaps are flagged and chased before your team opens the file.
Purpose-built for
Your workflow
What your underwriters see when loan packages arrive
Complete credit files with every value cited. Ready for judgment before your team starts reviewing.
Missing: 2024 Corporate Tax Return
Application references FY2024 financials but only FY2023 tax filing found in uploads.
Ready for Underwriting
All documentation complete · 12 documents verified · DSCR calculated
Four loan packages landed overnight. Financial statements, tax returns, corporate filings. Each one read, classified, and ranked by completeness before your team started the day.
Built for document-heavy financial workflows
Multi-document financial extraction
Reads financial statements, tax returns, bank statements, and corporate filings. Extracts revenue, margins, ratios, and entity details with source citations for every value.
Gap detection before underwriting
Missing tax returns, expired appraisals, outdated insurance certificates. Flagged and chased automatically before an underwriter touches the file.
Faster time to close
Complete loan packages in days instead of weeks. Applicants upload missing documents from guided links on their phone. No phone tag, no email chains.
Cross-document verification
Revenue figures cross-referenced between financial statements and tax returns. Entity names matched across corporate filings. Inconsistencies surfaced instantly.
See it on your actual loan files
Send us your hardest loan packages. We show you cited extractions and verified financials in two weeks. If we do not reduce your manual processing time by 50%, we work for free until we do.
Backed by our 30-day “work for free” conditional guarantee.
A 90 seconds read, improvements forever.