Our decline-to-approval time went from 4.2 hours to 38 minutes after we moved document intake to an agent. The bottleneck is now brokers sending incomplete files.

We ran 2,000 historical files through an LLM-based bank statement parser against our human underwriters. It matched on NSF counts 97% of the time and flagged 3x more deposit anomalies. It's not replacing underwriters — it's replacing the first 40 minutes of every file.

Fintech

How AI Underwriting Is Transforming the MCA Industry in 2026: A Complete Guide

From automated bank statement analysis to predictive default modeling, artificial intelligence is fundamentally reshaping how merchant cash advance funders evaluate risk, approve deals, and manage portfolios. Here's what every broker and funder needs to know.

12 min read