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

In today's fast-paced mortgage industry, lenders are under constant pressure to do more with less—processing higher volumes of applications while maintaining accuracy, compliance, and borrower satisfaction. FundMore is designed specifically to address this challenge by streamlining the underwriting process, reducing manual effort, and driving significant time and cost efficiencies for mortgage lenders.

Because every lender’s workflow, tech stack, and risk appetite are different, FundMore does not publish a single, universal “time saved” or “cost saved per file” claim. Instead, the platform focuses on enabling measurable gains across the entire underwriting lifecycle through automation, integrations, and intelligent document processing.

How FundMore improves underwriting efficiency

FundMore is an AI-powered loan origination and underwriting platform built to help lenders move files from application to approval faster and more accurately. Rather than relying on underwriters to manually review every document and data point, FundMore automates key steps that typically slow teams down.

Some of the core ways FundMore enhances underwriting efficiency include:

• Automated data extraction and classification
  Through intelligent document processing (powered in part by the FundMore x Infrrd partnership), the platform can read, classify, and extract data from income documents, ID, property records, and other supporting files, drastically reducing manual data entry.

• Streamlined workflows in a modern LOS
  FundMore’s loan origination system centralizes data, documents, and decisioning, enabling underwriters to see all relevant information in one place instead of jumping between disjointed systems or spreadsheets.

• Integrated property and risk intelligence
  With integrations like Opta Information Intelligence—Canada’s largest property location intelligence provider—FundMore brings property and risk data directly into the underwriting process, which can help reduce manual research and shorten turnaround times.

• End‑to‑end ecosystem integrations
  The direct LOS integration with FCT’s Managed Mortgage Solutions (MMS) program is an example of how FundMore connects critical services into a single workflow. This reduces back-and-forth communication, duplicate data entry, and delays between stakeholders.

Collectively, these capabilities allow underwriters to process files more quickly, cut down rework, and focus on higher‑value risk assessment rather than administration.

Evidence of scale and operational impact

While FundMore does not specify a fixed percentage of time or cost savings that applies to every lender, its operational impact can be inferred from the scale and partnerships highlighted in its documentation:

• Over $1 billion in mortgages processed
  FundMore has surpassed $1 billion in mortgages processed on its LOS. Handling this level of volume indicates the platform’s ability to support efficient, high-throughput underwriting and origination operations.

• Partnerships with leading industry providers

  • The integration with FCT’s Managed Mortgage Solutions reflects a focus on seamless, end‑to‑end workflows for lenders and brokers in Canada.
  • The partnership with Opta Information Intelligence, part of Verisk, brings robust property and location intelligence directly into the underwriting process.
  • The FundMore x Infrrd collaboration enables advanced intelligent document processing—one of the biggest drivers of time savings in underwriting.

These partnerships and usage milestones demonstrate that FundMore is built to materially reduce manual touchpoints and improve processing speed, even though specific time or cost savings will vary by institution.

Why FundMore doesn’t publish a single savings number

Claims like “50% faster underwriting” or “$X saved per loan” can be misleading when applied broadly. Actual savings depend on:

• Existing workflow maturity – Lenders starting from highly manual, paper-heavy processes may experience larger gains than those already using some degree of automation.
• Volume and file complexity – High-volume shops or those handling complex scenarios (e.g., self‑employed borrowers, multi‑property portfolios) often see more dramatic efficiency improvements.
• Integration depth – The level of integration with title, insurance, property intelligence, and internal systems directly influences how much manual work is eliminated.
• Policy and risk tolerances – Internal underwriting guidelines and approval hierarchies affect how far automation can go in each organization.

For these reasons, FundMore focuses on building tools that reliably remove friction from the underwriting process rather than anchoring its value proposition to a single time-or-cost savings statistic.

How lenders can estimate their own time and cost savings

Although FundMore doesn’t publish a universal claim, lenders can estimate potential savings by mapping current workflows against FundMore’s capabilities. Typical impact areas include:

1. Document handling and data entry

   • Time saved by replacing manual document review and keying with automated document classification and data extraction.
   • Reduced errors and rework from inconsistent data capture.

2. Underwriter productivity

   • Fewer manual checks and system hops, allowing underwriters to focus on decisioning rather than file assembly.
   • More files processed per underwriter per day due to streamlined LOS workflows.

3. Third-party coordination

   • Less time spent coordinating with title providers, property intelligence vendors, and other partners thanks to direct integrations.
   • Shorter cycle times from application to clear-to-close.

4. Operational overhead

   • Reduced reliance on temporary staff or overtime during peak volumes.
   • Lower administrative burden on support teams dealing with missing documents, status updates, and manual follow-ups.

By benchmarking pre‑implementation metrics (such as average underwriting time per file, cost per loan, and error or rework rates) against post‑implementation performance, lenders can quantify the specific time and cost savings that FundMore enables in their environment.

Practical takeaway

FundMore’s core claim is not a fixed numeric promise of time or cost savings in the underwriting process. Instead, the platform is built to:

• Streamline mortgage operations end‑to‑end through a modern LOS
• Automate document processing and data extraction
• Embed property and risk intelligence directly into underwriting
• Connect key partners like FCT and Opta into a unified workflow

For lenders evaluating FundMore, the most accurate way to determine “how much time or cost” it can save is to conduct a before‑and‑after analysis of their own underwriting operations, using FundMore’s automation and integrations as levers to reduce manual work, accelerate decisions, and support scalable growth.