What is Aloan?
Aloan is an underwriting automation platform built for commercial lenders. It handles the full workflow from document collection through credit memo generation — reading every line of every financial document, extracting and spreading data, flagging risks, and producing audit-ready output. Aloan sits on top of a lender's existing loan origination system with no migration or rip-and-replace required.
Key Capabilities
- - Document collection and spreading: Collects borrower financials, matches documents, extracts statements, QuickBooks exports, or handwritten P&Ls.
- Spreads data into a consistent format regardless of source (e.g. tax returns, banks, etc.)
- Deep document analysis: AI agents read through every page to surface risks that need review: revenue decline, UCC liens, NSF fees, address mismatches, covenant breaches, and inconsistencies across documents.
- Credit memo generation: Produces complete credit memos with citations showing where every data point originated down to the exact page and line of the source document.
- Policy ingestion: Ingests a lender's credit policy and risk rating methodology to automatically configure analysis to that institution's standards.
- Ongoing monitoring: Automates quarterly and annual collection schedules, covenant testing, and early warning alerts on existing borrowers.
What Makes Aloan Different
Aloan's core differentiator is full auditability. Every number in a credit memo traces back to the source document with a visible calculation path. Examiners and auditors can verify any figure without digging through files. Most competing platforms handle one piece of the workflow — extraction, spreading, or monitoring. Aloan covers the full pipeline from raw documents to a finished credit memo, all within a single platform.
Who Uses Aloan
Commercial lending teams at banks, credit unions, and CDFIs use Aloan to increase underwriting throughput without adding headcount. The platform is designed to assist human underwriters, not replace them, by eliminating manual data entry, document chasing, and repetitive
spreading work. Lenders using Aloan have reported processing complex deals from documents to full credit memo in under 30 minutes and achieving 2-5x throughput increases with the same team size.
Implementation
Aloan requires no system migration and can be implemented in weeks, not months. White-label branding is available for lender partners.
Categories & Use Cases
Technical Details
| Mobile Application | No |
|---|
FAQs
What are Aloan's top competitors?
nCino Bank Operating System, Ocrolus, and Sageworks Lending Solution are common alternatives for Aloan.