Overview
Dynamic AI Autofill helps borrowers move through Apply Now faster by uploading documents early in the application. Floify uses AI-powered document classification and data extraction to prefill supported sections of the 1003, while still giving borrowers a chance to review and edit their information before they continue.
This feature is designed to reduce manual entry, collect key documents earlier in the process, and help loan teams receive more complete applications with less follow-up.
With Dynamic AI Autofill enabled, borrowers can upload documents during the beginning of the Apply Now flow. Currently, the feature supports pay stubs for employment and income details and bank statements for asset details. After upload, extracted data is added to the borrower's application, and the borrower can review, edit, or manually complete any missing information before continuing.
What this feature does:
- Lets borrowers upload supported documents at the start of Apply Now
- Uses AI to extract employment, income, and asset data from those documents
- Prefills supported 1003 fields
- Allows borrowers to review, edit, or skip autofill and continue manually
- Adds uploaded documents to the live loan flow after application conversion
- Can help resolve matching auto doc requests when document upload settings are configured
This feature is currently available with an Enterprise subscription. If you are interested, please reach out to your Customer Success Manager to discuss adding this feature to your account.
How to Set Up
Dynamic AI Autofill must be enabled at both the company and team levels before borrowers will see the experience, and has a few configurations that are required for the optimal workflow.
For setup steps, visit this help article: How to Set Up Dynamic AI Autofill
How to Use
Loan teams can use Dynamic AI Autofill to review uploaded documents, work with prefilled applications, and reduce duplicate document collection. For workflow details, visit this help article: How to Use Dynamic AI Autofill.
Borrower Experience
For a borrower-facing walkthrough of the document upload flow, see this help article and share it with your borrowers: Using Apply Now Dynamic AI to Fill your Borrower Loan Application
FAQ
How does Dynamic AI Autofill Work?
- The borrower starts the Apply Now flow and selects a loan purpose.
- The borrower sees guided steps for 3 steps:
- Work and Income
- Bank Accounts
- Review and Complete
- The borrower uploads supported documents or skips the upload step and enters information manually.
- Floify extracts supported data and shows the borrower a review experience where they can confirm, edit, or complete missing fields.
- After review, the borrower continues into the standard Apply Now application to finish the remaining sections.
Do borrowers have to use Dynamic AI Autofill?
No. Borrowers can skip upload steps and enter information manually.
Can borrowers edit AI-extracted data?
Yes. Borrowers can review, edit, or complete extracted information before moving on.
What documents are currently supported?
Borrowers can upload files in PDF, JPG, PNG, or JPEG format. On mobile devices, borrowers can also use their phone camera or scanner to capture documents.
The following documents are currently supported:
- Pay stubs for wage-earner employment and income details
- Bank statements for checking and savings asset details
Are co-borrowers able to use Dynamic AI Autofill?
Our system currently does not support co-borrower autofill, but future improvements may allow for this
Is self-employment supported?
No. Self-employment document analysis is not yet supported. Self-employed borrowers can still enter employment details manually.
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