Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Nivo Introduces AI Solution for Mortgage Brokers
Nivo has launched an off-the-shelf AI service for mortgage brokers, with prices beginning at £1,000 per month. The new offering, called Nivo Collect, is designed to help advisers integrate AI into their businesses without the need for custom development.
Nivo Collect provides a virtual assistant that gathers information, checks documents, and chases outstanding paperwork to support mortgage applications. The AI assistant works with brokers’ existing email providers, allowing advisers to email a case and have Nivo Collect collate information, run checks, and chase missing evidence. The result is a fully-packaged case ready for submission.
The service has no minimum contract period or set-up costs, and Nivo states that brokers can have the system live within hours. Nivo emphasises that its ready-made solution allows firms to benefit from AI immediately, without requiring the adoption of a new system.
Nivo Collect is designed specifically for regulated financial services and operates within each firm’s secure environment. The company says customer data is kept safe and is not used to train AI models. The service also maintains a complete audit trail.
For UK letting agents and inventory clerks, the launch of Nivo Collect highlights ongoing developments in AI-driven administrative support within the property sector. While the service is targeted at mortgage brokers, its focus on document collection, secure data handling, and audit trails may be of interest to professionals seeking efficient solutions for managing paperwork and compliance.
Source: Mortgage Strategy