Your loan origination
pipeline, run
autonomously.
from $0.99 per funded loan From application to closing — document collection, BSA/AML screening, credit analysis, appraisal, compliance — without a processor chasing paper.
Commercial loan origination is a document chase with a compliance exam attached.
Commercial loan origination is a document chase with a compliance exam attached. A loan application triggers a months-long process that is, at its core, entirely rule-based: collect financial documents, validate against underwriting criteria, run credit and compliance checks, order and receive an appraisal, route through a multi-tier approval chain, prepare the closing package. Every step is well-defined. Every step is performed by a human.
Document collection alone accounts for weeks of elapsed time at most institutions. Borrowers submit incomplete packages. Underwriters request additional items. Each iteration adds days. Meanwhile, interest rate exposure accumulates and competitive deals close faster. The bottleneck is not analysis — it is coordination.
Eight steps. No loan processor required.
Every step below is executed autonomously by the PLRX commercial lending fleet. The PLRX Durable State Machine persists state across a workflow that may span six to eight weeks — document collection waits, appraisal turnaround times, multi-tier credit committee approvals. A mission that enters a credit committee hold on week three resumes with full deal context when the committee convenes — no re-entry, no re-assembly.
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01Application IntakeA loan application arrives from the borrower — via the bank's loan origination system, a digital intake form, or a structured API submission. The Loan Officer agent records the application, assigns a deal ID, and starts a PLRX Durable State Machine workflow. Key deal parameters — loan amount, property type, borrower entity structure, requested term, and use of proceeds — are extracted and persisted. Mission state:
APPLICATION_RECEIVED. -
02Financial Document CollectionThe Loan Processor agent sends a structured document request to the borrower listing every required item: three years of business and personal tax returns, year-to-date profit and loss statements, current balance sheets, personal financial statements for each principal, rent rolls for income-producing properties, and entity formation documents. Documents arrive over days or weeks. Each is processed through the OCR pipeline on receipt — extracted, validated against schema requirements, and checked for completeness. Missing fields, outdated documents, and inconsistent figures trigger immediate correction requests. The mission suspends durably in
COLLECTING_DOCUMENTSuntil all required documents pass validation. -
03BSA / AML Compliance ScreeningThe BSA Compliance Analyst agent runs parallel compliance checks on all principals identified in the loan application. OFAC SDN list screening confirms no sanctioned parties are involved. FinCEN beneficial ownership verification establishes the complete ownership structure of the borrowing entity. Adverse media screening reviews publicly available sources for regulatory actions, fraud allegations, or criminal proceedings. Each check produces a documented finding added to the BSA exam file. Hits that require human review surface an escalation task and suspend the mission durably — the workflow waits for compliance officer review, with full context, however long that takes.
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04Credit AnalysisThe Credit Analyst agent performs the full underwriting analysis on the validated financial package. Global cash flow is calculated across all business and personal income sources. Debt service coverage ratio is computed against the proposed loan terms. Loan-to-value is calculated against the requested loan amount and the estimated property value — updated once the appraisal arrives. Credit bureau reports are pulled for all principals and scored. The analysis output — a structured credit memorandum with all calculations, risk flags, and a preliminary recommendation — is passed to the Loan Officer for credit committee routing.
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05Appraisal CoordinationThe Appraisal Coordinator agent engages an approved Appraisal Management Company from the institution's panel, transmits the property details and engagement order, and tracks the appraisal through to delivery. On receipt, the appraisal report is reviewed for FIRREA compliance — confirmed market value methodology, appropriate comparable selection, appraiser certification, and supervisory review signatures. Value discrepancies of more than a defined threshold relative to the purchase price or underwritten value are flagged to the Credit Analyst for LTV recalculation and credit memo update.
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06Credit Committee ApprovalThe Loan Officer agent routes the complete credit package — application, financial analysis, BSA findings, and appraisal — to the appropriate credit authority based on deal size and risk tier. The routing is deterministic: deals below the officer's approval authority go to a senior credit officer; deals above threshold go to a credit committee. The PLRX Durable State Machine suspends in
AWAITING_CREDIT_DECISION. When the committee decision arrives — approved, approved with conditions, or declined — the workflow transitions accordingly. Declined applications trigger a Reg B adverse action notice, prepared and delivered by the Loan Officer agent within the required regulatory timeframe. -
07Closing PreparationThe Closing Coordinator agent assembles the closing package. Title commitment is ordered and reviewed — encumbrances, easements, and title exceptions evaluated against the loan agreement. UCC lien search results confirm the collateral position for equipment or accounts receivable components. Insurance certificates are requested and validated — property, liability, and flood coverage confirmed against policy requirements. The complete closing package — commitment letter, loan agreement, deed of trust, note, and all ancillary documents — is assembled and reviewed for consistency before the closing date.
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08Mission Complete — Loan FundedThe PLRX Durable State Machine transitions to
LOAN_FUNDED. The full mission record captures every document, every compliance finding, every credit calculation, every committee decision, and every closing document — all preserved in the WORM audit log. The complete exam-ready file is available immediately for regulatory review. The institution is billed for one resolved loan origination outcome.
Six specialists.
One origination pipeline.
Each agent maps to a real function in the lending organization. The Loan Officer orchestrates the full deal lifecycle and owns the borrower relationship. The Loan Processor chases and validates documents. The Credit Analyst runs the numbers. The Appraisal Coordinator manages the AMC relationship. The BSA Compliance Analyst owns the regulatory screening file. The Closing Coordinator prepares the closing package. Each works autonomously in its domain, coordinating with the others via A2A when the workflow requires it.
BSA screening and appraisal coordination run in parallel with financial document collection — both start as soon as the application is received, which compresses the overall timeline significantly. Credit analysis begins as soon as documents clear, without waiting for the appraisal — the LTV is calculated provisionally and updated when the appraisal arrives, keeping the credit memo current rather than blocking the pipeline.
Every exam-ready.
Every time.
Commercial lending is one of the most heavily regulated workflows in financial services. Every deal generates a compliance file that must withstand regulatory examination — BSA exam, fair lending review, HMDA reporting, and consumer protection audits. Most institutions assemble these files retrospectively, after the deal closes, from documents scattered across email threads, shared drives, and loan origination systems.
The PLRX platform builds the exam file as the deal progresses — every document, every compliance finding, every agent decision, and every AI-generated analysis is captured in the WORM audit trail in real time. When the examiner arrives, the file is already assembled, timestamped, and complete. The institution does not scramble to reconstruct what happened. It presents what was recorded as it happened.
Bank Secrecy Act (BSA)
OFAC SDN screening, FinCEN beneficial ownership verification, and adverse media review documented in exam-ready format for every deal. No manual compilation.
Anti-Money Laundering (AML)
Transaction pattern analysis and customer due diligence integrated into the BSA Compliance Analyst workflow. Suspicious activity findings surfaced for human review with full documentation.
Regulation B (ECOA)
Adverse action notices for declined applications generated and delivered within regulatory timeframes. Notice content, delivery method, and timestamp all captured in the audit log.
FIRREA Appraisal Standards
Appraisal reports reviewed for FIRREA compliance — methodology, comparable selection, certification, and supervisory review — before the LTV calculation is finalized.
UCC Article 9
Lien searches confirm collateral position for equipment and receivables components. Filing requirements identified and coordinated by the Closing Coordinator.
A deal that never stalls.
Commercial loan origination spans weeks. Document collection waits, appraisal turnaround times, credit committee schedules — every one is a multi-day suspension that, in a traditional workflow, creates risk of context loss, dropped threads, and missed deadlines. The PLRX Durable State Machine holds full deal context through every wait, every callback, and every approval cycle.
Your loan origination pipeline, running autonomously.
Connect the PLRX fleet to your loan origination system and watch a commercial deal move from application to funded — without a processor chasing documents or a compliance officer building exam files by hand.
Request a demo and we will walk you through a live deal from intake to closing package.