Cascading AI
Cascading AI, formerly known as CORE Ai, is a fintech company based in San Francisco, specializing in AI-driven solutions for loan origination that automate manual processes and enhance user experience.
Company Overview
Cascading AI, previously known as CORE Ai, is a fintech company based in San Francisco, CA, USA. With a team of three, the company operates primarily within the United States and Canada. The company participated in the Y Combinator S23 batch and specializes in providing innovative technological solutions for the financial sector.
Services
Cascading AI offers various services to streamline loan application processes. These include a modern, mobile-friendly application form that simplifies the loan application procedure. The Applicant Portal grants applicants full transparency, allowing them to track their application status, upload documents, and communicate with the team. The Loan Officer Dashboard provides a comprehensive view of all loan applications, enabling efficient pipeline management and communication with applicants.
Products
The company's key product is an AI-native Loan Origination System (LOS) designed to automate 90% of the manual work involved in loan application processes. The LOS features Intelligent Workflows that are fully customizable without the need for coding, and a built-in AI Agent named Sarah to communicate efficiently with loan applicants via email or SMS. These features aim to facilitate fast, affordable bank funding for over 30 million small businesses in the US.
Case Studies
Cascading AI has several notable case studies. One case study highlights the tripling of lead conversion rates for SBA 7(a) loan applications for an FDIC-insured bank. Another case study showcases the reactivation of 50% of cold applicants with personalized follow-ups for a Community Bank. A third case study details the automation of 90% of manual workflows in small business loan origination, achieved by replacing a bank's legacy LOS with their new system.
