Casca

Key Features

• AI Loan Assistant – Sarah
  Casca’s AI-driven assistant, Sarah, interacts with small business loan applicants through email and SMS, helping them navigate the loan application process. Sarah guides users by gathering necessary documents and completing loan files that are ready for human underwriters. This reduces the time and effort involved in the application process, making it smoother for both the applicants and the financial institution.

• Automated Document Collection and Verification
  One of the most time-consuming aspects of loan origination is document collection and verification. Casca automates up to 90% of this process, reducing the manual work typically required by loan officers. This automation speeds up the process, minimizes human error, and ensures that the documents provided by the applicants are verified accurately. By streamlining this step, Casca accelerates loan processing time and ensures that businesses can get the financing they need faster.

• Quick Deployment
  Casca can be deployed within just two weeks, allowing financial institutions to quickly modernize their loan origination process without long delays. This rapid deployment is particularly advantageous for banks and lenders looking to improve their operational efficiency and customer service without undergoing lengthy and costly system overhauls.

• Higher Conversion Rates
  Financial institutions using Casca have experienced impressive results, with lead conversion rates increasing by up to 300%. By automating much of the customer interaction and ensuring that loan files are complete and ready for review, Casca helps institutions close more loans. With a more efficient process in place, financial institutions can process more applications and convert more leads into actual loans.

• Significant Time Savings for Loan Officers
  Loan officers often spend a considerable amount of time handling manual tasks such as document collection, data entry, and verification. Casca automates up to 90% of these tasks, saving loan officers a tremendous amount of time. By freeing them from these administrative duties, loan officers can focus more on evaluating loan applications, building relationships with clients, and growing their business.

Key Benefits

• Streamlined Loan Origination Process
  Casca significantly simplifies the loan origination process for both businesses and financial institutions. By automating most of the manual tasks traditionally involved in loan origination, Casca reduces processing time, enhances workflow efficiency, and ensures that loan officers can dedicate their time to more strategic activities.

• Faster Access to Funding for Small Businesses
  By reducing the manual workload and automating key steps in the loan application process, Casca ensures that small businesses can access the funding they need more quickly. This is crucial for businesses that require fast capital infusion for operations, growth, or expansion. The speed and efficiency that Casca brings to the loan process is a significant advantage for both the applicant and the lender.

• Increased Lead Conversion
  Financial institutions using Casca have experienced a dramatic improvement in lead conversion rates. This is due to the system’s ability to provide quicker responses, better customer engagement, and more efficient document handling. As a result, more applicants move forward in the loan process, and more loans are closed. Casca’s AI-powered system helps increase the overall effectiveness of lead generation and conversion for financial institutions.

• Operational Efficiency
  By automating manual tasks, Casca improves the efficiency of loan officers and financial institutions. It allows loan officers to focus on higher-value tasks, such as assessing loan risks and building relationships with clients, rather than getting bogged down in administrative work. This results in a more effective team and allows institutions to handle a higher volume of loan applications without sacrificing quality.

• Modernization for Financial Institutions
  Many financial institutions still rely on outdated systems and processes for loan origination. Casca modernizes these systems, making them more efficient, transparent, and customer-friendly. By adopting Casca, banks and lenders can stay competitive in an increasingly digital world, offering a modern, streamlined service that appeals to both businesses and customers.

Pricing Plans

Casca does not explicitly list its pricing on the website, as the platform is primarily targeted toward financial institutions such as banks and non-bank lenders. Typically, pricing for such a specialized AI solution is based on factors such as the scale of deployment, the number of users, and the volume of loan applications processed. For detailed pricing information, interested parties are encouraged to contact Casca directly to request a personalized quote.

Pros and Cons

Pros

• Automates 90% of loan origination tasks, saving time and reducing human error.

• AI-driven customer interaction through the assistant, Sarah, improves user experience and engagement.

• Quick deployment: Financial institutions can implement the system in as little as two weeks.

• Improved lead conversion rates: Institutions using Casca see up to a 300% increase in lead conversion.

• Efficient document collection and verification reduce the workload for loan officers and speed up processing times.

Cons

• Not a fit for individual borrowers: Casca is specifically designed for small businesses seeking loans, so it may not be relevant to personal loan applications.

• Targeted at financial institutions: The platform is geared toward banks, lenders, and other financial institutions, so smaller businesses may not be able to directly use the platform without working through a lender.

• Limited customization: As a rapid-deployment AI system, Casca may not offer as much customization as some more traditional loan origination systems.

Conclusion

Casca by Cascading AI offers a groundbreaking solution for automating business loan origination. By leveraging AI, the platform reduces the manual effort required, speeds up the entire loan process, and enhances the accuracy and efficiency of document verification. Financial institutions benefit from higher lead conversion rates, increased operational efficiency, and quicker deployment times, while small businesses gain faster access to much-needed funding. As the banking industry continues to modernize, Casca represents an innovative way for financial institutions to improve their processes, serve their customers better, and stay competitive in a digital-first world.