The Nivo Collect service removes the need for brokers to build their own AI workflows, aiming to deliver a private branded assistant that gathers, checks and chases documentation.
Nivo has launched Nivo Collect, a new artificial intelligence (AI) service designed to make it quick and easy for broker firms to implement AI into their business.
The Nivo Collect service removes the need for brokers to build their own AI workflows, aiming to deliver a private branded assistant that gathers, checks and chases documentation to support a mortgage application, automating one of the most time-consuming parts of the mortgage journey
Firms simply email in a case, with the assistant then gathering, checking and chasing the evidence required before returning a fully packaged case ready for submission.
The assistant requests documents, checks information as it arrives, identifies missing or inconsistent evidence, follows up automatically and compiles a checked submission pack, allowing advisers and administrators to spend more time supporting clients and progressing business.
By productising these repetitive processes into a ready-made service, Nivo said firms can begin benefiting from AI immediately without changing existing workflows or introducing another system for advisers to learn.
Pricing starts from £1,000 per month.
Matthew Elliott, co-founder and chief commercial officer at Nivo, said: “Every broker is talking about AI, but most don’t want to become AI developers.
“They don’t want to build workflows, write prompts or stitch together different tools. They simply want AI to solve real operational problems.
“That’s exactly why we built Nivo Collect. We’ve taken one of the biggest administrative burdens in mortgage broking and turned it into an off-the-shelf service that firms can switch on in hours.”
Elliot added: “Your brokerage gets its own AI assistant, working in your brand, over the email process you already use.
“It gathers documents, checks them, chases what’s missing and hands back a packaged case that’s ready for submission. It’s a quick and easy way of realising the immediate benefits of AI within your business.”