AI TOOL PROFILE
Aloan: Commercial Loan Underwriting Software
- Finance and Accounting
- Financial Planning
- Community Banks
- Credit Unions
- Commercial Lenders
- Non-Bank Lenders
- Regional Banks
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Community Banks, Credit Unions, Commercial Lenders, Non-Bank Lenders, Regional Banks
- Key use cases
- Commercial Loan Underwriting, CRE Deal Analysis, Policy Compliance Checking, Portfolio Covenant Testing
- Integrations
- REST API, Webhooks, LOS connection
- Official website
- Visit Aloan official website
How AI is used
Aloan is an automation platform designed for the commercial lending process. It focuses on the administrative tasks that occur before a credit decision is made, such as gathering borrower documents and extracting financial data into spreads.
The software is built for community banks, credit unions, and other commercial lenders who handle tax returns, bank statements, and financial reports. By automating the extraction and organization of this data, the tool is designed to help underwriters move from application to credit memo more quickly.
Buyers should note that the platform is intended to work alongside existing loan origination systems (LOS) rather than replace them. It uses a combination of AI and human-in-the-loop review to ensure that extracted figures can be traced back to their original source document for regulatory compliance.
Before choosing Aloan, lenders should confirm how the REST API and webhook integrations align with their specific technical environment and internal workflows.
Key Features
Automated Financial Spreading
Extracts financial data from source documents and organizes it into standardized formats with calculated ratios like DSCR and leverage.
Document Intelligence
Identifies, categorizes, and validates 14+ document types, including tax returns and rent rolls, matching them to the correct entity.
Credit Memo Generation
Assembles borrower overviews, financial analysis, and risk factors into a reviewer-ready credit memo.
Risk Detection
Flags policy exceptions, revenue declines, and covenant breaches based on configured credit guidelines.
Covenant Monitoring
Supports scheduled document collection and automated testing of financial covenants for portfolio management.
Source Document Citations
Provides an audit trail that maps numbers in a spread or memo back to the specific page and line of the source document.
Use Cases
Commercial Loan Underwriting
Automating the collection of financial packages and the creation of initial credit spreads for analysis.
CRE Deal Analysis
Processing rent rolls and operating statements to calculate NOI, DSCR, and LTV.
Policy Compliance Checking
Screening applications against specific credit policy parameters to identify exceptions before committee review.
Portfolio Covenant Testing
Using automated tracking to monitor DSCR and liquidity requirements for existing loans.
Integrations
- REST API
- Webhooks
- LOS connection
FAQ
Does Aloan replace existing loan origination systems?
- No, it is designed to work alongside existing LOS by connecting via REST APIs and webhooks to feed data into your current workflow.
What documents can Aloan process?
- The platform processes over 14 document types, including tax returns, balance sheets, bank statements, rent rolls, and operating statements.
How is data security handled in Aloan?
- Aloan uses bank-level encryption and its AI providers maintain SOC 2 Type II, ISO 27001, and FedRAMP certifications. Customer data is not used to train AI models.
How long does it take to set up the platform?
- Most lenders are typically live within 2 to 4 weeks, involving policy configuration and system integrations.
Source category: Finance & Accounting
Source subcategory: Financial Planning
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