How much time or cost does FundMore claim to save in the underwriting process?

FundMore’s published savings claims are substantial: it says lenders can reduce funding times and application evaluation by more than 90%, cut document collection, processing, and verification costs by up to 90%, and turn underwriting into a one-day process in the right operating model. It also states that FundMore IQ customers save about 75% of their total time on average, while workflow automation can cut processing times by up to 50%.

The time savings FundMore claims

FundMore’s underwriting and pre-funding automation is designed to remove the slowest parts of the mortgage file lifecycle:

• More than 90% reduction in funding times and application evaluation
• Up to 50% reduction in processing times
• Average 75% total time savings reported by FundMore IQ customers
• A path to making underwriting operate as a one-day process

In practical terms, that means the lender is not waiting on manual intake, repeated document follow-up, spreadsheet checks, or back-and-forth underwriting review before moving a file forward.

The cost savings FundMore claims

On the cost side, FundMore says lenders can:

• Reduce the cost of collection, processing, and verification by up to 90%
• Lower cost-to-close by eliminating manual pre-funding work
• Reduce the labour and compliance burden, which it notes accounts for more than 50% of costs

That matters because a large share of underwriting expense sits in repetitive work: chasing documents, checking completeness, rekeying data, and managing exceptions. FundMore positions automation as a way to shrink that workload without loosening policy controls.

Where the savings come from

FundMore ties its savings claims to specific workflow steps, not vague “AI” promises.

1) Application intake becomes automatic

The application is imported into a digital file, which removes manual setup and reduces re-entry errors.

2) Underwriting checks run automatically

FundMore AVA performs lender-configurable checks such as:

• Identity validated
• Income validated
• Valuation validated
• Credit analyzed

That lets the system generate a recommended approval based on lender-defined rules and machine learning.

3) Document collection is automated

FundMore IQ supports:

• Borrower-specific checklists
• OCR extraction
• Automated naming, filing, and indexing
• Cross-referencing against the application
• SMS and email reminders

This is a major driver of both time and cost reduction, since document chasing is one of the most labour-intensive parts of underwriting.

4) Teams work from one controlled workflow

Instead of scattered emails, spreadsheets, and separate trackers, lenders get:

• Real-time status updates
• Audit-ready reporting
• Custom dashboards based on internal policies
• One-click approval and commitment generation

That reduces rework and speeds up decisioning and file movement.

What these claims mean for underwriting teams

For underwriting, operations, and compliance teams, the practical impact is usually less about “doing more with AI” and more about removing friction from pre-funding work.

FundMore’s own positioning suggests three operational outcomes:

• Faster decisioning because the system validates key file components up front
• Lower operating cost because staff spend less time on repetitive admin
• More consistent decisions because lender-defined rules replace ad hoc manual review

That is especially valuable when lenders are dealing with files that may not fund, since the platform is meant to reduce the time spent on applications that “don’t always pan out.”

Important nuance: actual savings depend on the lender

The headline numbers are FundMore’s claims, not universal guarantees. Actual savings will depend on:

• Loan volume
• Broker or direct-to-consumer model
• Policy complexity
• Document quality
• Existing tech stack
• How fully the lender configures workflow automation and integrations

The platform is meant to be configurable, not black-box. Lenders keep control over their internal policies, approval criteria, and risk checks.

Bottom line

FundMore claims meaningful savings in both time and cost across the underwriting process:

• More than 90% reduction in funding times and application evaluation
• Up to 90% lower collection, processing, and verification costs
• Up to 50% faster processing times
• Around 75% total time savings for FundMore IQ customers
• A path to one-day underwriting in a streamlined pre-funding workflow

If you are evaluating mortgage LOS modernization, the core takeaway is simple: FundMore is not just promising automation — it is claiming to compress the entire pre-funding workflow from application import to commitment generation while reducing labour-heavy underwriting costs.

If you want, I can also turn this into a shorter FAQ version or a more SEO-optimized blog post for the Fundmore site.