LenderLogix has launched AI Sidekick, an artificial intelligence (AI) feature built into the LiteSpeed point-of-sale platform. AI Sidekick supports loan officers (LOs) with tools to review loan files, update document needs lists and identify missing data, reducing loan processing times by up to 40 percent, according to a release.
AI Sidekick is designed to support mortgage lending, empowering LOs by streamlining manual back-end tasks. It scans and analyzes loan details in seconds, providing LOs with insights into potential compliance errors and missing documentation, minimizing risk while improving turnaround time without disrupting current processes. Built with SOC 2–compliant infrastructure and end-to-end encryption, AI Sidekick ensures that borrower data remains secure within lenders’ existing Encompass environments, according to a release.
AI Sidekick also enables LOs to update borrowers’ needs lists with a single click, reducing manual data entry. By surfacing insights and missing documentation early in the loan process, AI Sidekick improves accuracy, reduces processing time and enhances the borrower experience.
“With AI Sidekick, we’re giving lenders a way to eliminate bottlenecks in the loan process without adding complexity,” LenderLogix CEO Patrick O’Brien said in a release. “It’s not about replacing people but about equipping them with modern tools. AI Sidekick doesn’t interact with borrowers, instead acting as a true co-pilot for LOs to automate the most time-consuming parts of loan file review so they can focus on what they do best: building relationships and delivering great service.”