AI Underwriting Pipeline for Merchant Cash Advances

Forward Funding Canada: $830,250/year unlocked from AI underwriting - hero image

At a glance

Forward Funding Canada, a merchant cash advance (MCA) lender, replaced manual bank-statement reviews with an AI underwriting pipeline built by Rex Automaton. The system extracts bank statements to JSON at ~95% field accuracy, applies deterministic knockout rules with confidence thresholds, and routes qualified files to sub-60-second outreach in Salesforce. The pipeline delivers roughly $830,250 in annual benefit through 405 hours of direct underwriter labor saved plus a funded-deal-rate lift from 10% to 25%.

Forward Funding Canada's underwriters were drowning in manual PDF reviews of merchant cash advance applications. Each file required transcribing bank-statement fields, checking SOP thresholds (deposits, NSF counts, chargebacks, negative days), and deciding whether to route forward. Low-value submissions consumed the same effort as fundable ones, and speed-to-lead suffered.

We replaced manual reviews with an AI pipeline that extracts bank statements to normalized JSON with ~95% field accuracy, applies deterministic knockout rules with confidence thresholds, and routes qualified files to a sub-60-second outreach sequence in Salesforce. Edge cases flow into a one-click manual queue with reason codes and audit trail. Underwriters keep final say on overrides and pricing.