Underwriting UK launches intelligent underwriting platform W.A.L.T.

Underwriting UK has launched W.A.L.T.  (Wise Automated Lending Technology), an intelligent underwriting platform developed specifically for the UK lending market.

W.A.L.T. brings data from credit bureaus, KYC providers, Companies House, Land Registry, valuation systems, market data and internal processes together within a single intelligent underwriting environment.

It automatically gathers, cross references and analyses information to produce a consolidated, evidence-based assessment in minutes.

The platform connects to multiple independent sources, including Companies House, HM Land Registry, Equifax, TransUnion, Creditsafe, Rightmove Data Services and Refinitiv World Check, alongside other specialist providers.

W.A.L.T. currently comprises two core capabilities.

W.A.L.T. Verify brings together identity verification, KYC, AML, sanctions and PEP screening, corporate and beneficial ownership analysis, credit information and source of funds evidence.

W.A.L.T. Property Decision Engine combines property title information, multiple  valuation models, market data, comparable evidence, asset liquidity and exit risk analysis to produce a consolidated underwriting assessment.

Rather than relying on a single source, W.A.L.T. cross references independent data and identifies inconsistencies for the underwriter.

Credit calculations and hard policy rules can be executed deterministically, while AI is used to analyse and synthesise verified information.

The platform also uses multiple AI models to independently review cases and cross validate their analysis before producing a consolidated risk report for the human decision maker.

Every data point within the report is designed to be traceable to its underlying source and date, providing lenders with a clear evidential trail behind the analysis.

Anthony Bodenstein, founder and CEO of Underwriting UK, said: “There are plenty of AI products and plenty of individual lending tools. What we could not find was a single intelligent underwriting platform built specifically around the realities of UK lending. So we built one.

“The problem is no longer simply getting data. It is bringing the right data together, checking it against independent sources and turning it into something a credit professional can use quickly and confidently.

“Our ambition is not to replace the underwriter. It is to give the underwriter better information, faster.

“W.A.L.T. can provide a forensic view of the borrower, the property and the underlying risks in minutes rather than days, while the ultimate lending decision remains firmly with the lender.”

W.A.L.T. was developed by a team combining practical UK lending and underwriting experience with expertise in artificial intelligence, data science and software engineering.

Anthony added: “We did not start with AI and look for a financial services problem to apply it to.

“We started with the problems we encounter in underwriting and asked how technology could solve them.

“AI alone is not enough for lending. Credit decisions require verified data, consistent rules, traceability and human judgement. W.A.L.T. brings those elements together in one platform.”