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With the SOLO x Taktile integration, banks and ledners can ingest borrower documents, trigger review rules, flag and follow up on missing fields needed for underwriting, and ensure complete document data integrity before paperwork is synced directly into Taktile.
No additional copy+paste required, just upload in SOLO to trigger your Taktile credit decisioning engine.
Learn how one merchant cash advance and factoring lender uses SOLO's Paperwork Automation with Taktile's credit decisioning workflows on ISO Applications.
This article highlights how to automate credit paperwork processing by ingesting documents to flag missing fields, draft dynamic personalized communication with brokers to guide them through what’s missing, and sync new complete document extracted data directly into Taktile credit decision workflows.
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SOLO x Taktile Integration
Background: From Copy+Paste to Upload and Done.
Breakout Finance is a direct lender offering a mix of financial products, including MCA, bridge loans, factoring solutions, and other small business financing products.
Breakout previously transformed their digital lending experience with Taktile and other automation vendors, however, the solution was inadequate for processing the PDF documents that were still a necessary part of the loan application process particularly with their largest channel for originations: loan brokers.
Even with a different paperwork automation tool, Breakout's underwriting team was still forced to copy+paste from documents into a credit workbook. Underwriters were working across many different tabs and documents at once, creating a greater margin for error and building substantial friction in the underwriting process.
Upload to Activate: The Document to Credit Decision Process with SOLO x Taktile
Now, Breakout Capital has fully automated ISO Applications from end to end, from intake to term sheet, using SOLO x Taktile. How their solution works:
Ingest Paperwork from Email Inboxes
Breakout's ISO broker paperwork is received via:
Online borrower applications
Emailed ISO broker documents
With 4,000+ integrations for ingestion, SOLO connected the inbox to their platform environment. So documents are ingested as soon as they're received.
File type categorization in SOLO is fully customizable, meaning SOLO can process any file type. From unstructured data like contracts and lease agreements, to bank statements, complex financial reports, and profit and loss statements.
Flag Missing Fields in Broker Paperwork
Once it’s uploaded, SOLO extracts every relevant data point Breakout needs for a decision. Documents' data runs through Breakout's customized rules based logic to flag essential fields needed for their Taktile underwriting workflow that are missing, incomplete, or conflicting from the ISO submitted documents.
Auto Draft a Dynamic Email Back to Brokers
SOLO then generates emails to the broker on behalf of underwriters with the exact field that’s missing. Dynamic emails are personalized to each broker and their submitted documents for a product-specific underwriting spread.
Breakout chose to send emails automatically and directly from their underwriting inbox. 0 friction for follow ups.
Ingest and Update New Paperwork
When a broker emails new paperwork back, or sends additional documents, SOLO syncs them directly from the underwriter’s inbox back into Breakout's environment.
SOLO appends the document information with the new details and verifies nothing else is missing that’s critical for underwriting or Taktile workflows.
Sync to Taktile to Trigger Automated Underwriting
The SOLO x Taktile integration syncs the broker's updated documents into an automated underwriting spreads, resulting in the ability for Breakout to decision directly from documents, automated from end to end.
Make Paperwork Work Like a Data Integration: Borrower and Broker Document Automation for Taktile
SOLO’s Paperwork Automation turns static documents into a connected data source:
Start by ingesting documents. SOLO processes documents according to your workflow, whether it’s uploaded to a loan application, or synced from a shared email inbox.
Extracted data is standardized to your logic. Agentic AI reads, classifies, and comprehends documents according to your custom logic, only pulling the details you need, and standardizing calculations to your lens of credit.
Data interpretations are powered by the customized spreading engine to give your underwriting workbook wings.
Standardized, complete data then syncs directly into Taktile to power the next steps of the automated credit decisioning flow.
SOLO enables banks and lenders for scale with paperwork automation for today’s processes and the future of digital lending. To demo SOLO on your credit paperwork, book a meeting with the founder:
DEMO SOLO
