Intelligent loan application solution using ML and Power BI visualization
About the client
The client is a diversified, community-based financial services company in San Francisco. Their vision is to satisfy customers’ financial needs and help them succeed. They provide banking, investment, mortgage products and services, and consumer and commercial finance.
- Mundane activities involved in loan application eligibility checks hindered decision-making processes and approval workflows.
- Monthly reports required manual data preparation that consumed too much time and raised data quality issues due to a lack of an efficient cleansing framework.
- A prediction setup for determining qualification statuses such as credit score and personal history is absent.
- The client wanted to automate the loan application eligibility review process and reduce the time spent on monthly reporting.