Case Study: Top Financial Services and Business Lending Firm achieves 60% cost savings with Flatworld Solutions loan application verification services

Fws provided loan application verification services to top financial services and business lending firm

Top Financial Services and Business Lending Firm, a U.S.-based commercial lender in Connecticut, needed to speed up its loan application and verification process, which often involved handwritten applications. The firm turned to Flatworld Solutions for loan application verification services to help check bank statements and credit details more efficiently.

Flatworld Solutions provided a trial-supported verification workflow, reviewing loan application details, bank statements, and credit information, then updating the client’s portal with verified data within a two-hour turnaround per application. The initial project was completed successfully, leading to an ongoing engagement of 400 loan applications per week, 1,200 verified applications per month, and a 60% cost reduction.