"According to the company, the Bevri POS is designed to complete the 1003 loan application, collect and validate income and asset documentation, run Desktop Underwriter and Loan Product Advisor findings for Fannie Mae and Freddie Mac, and generate underwriting outcomes earlier in the process. The system also aims to reduce repetitive data entry through autonomous task execution. The company also said the platform continuously evaluates next steps in a loan file, resolving gaps and surfacing insights for loan officers."
"This launch represents a meaningful evolution in agentic AI for mortgage origination, the release stated. The Bevri POS is not a static tool; it's an intelligent system that works alongside the loan officer, handling complexity so they can focus on advising borrowers and building relationships. bevri.ai said the initial rollout is a milestone ahead of its planned expansion into the third-party origination (TPO) channel."
"Wednesday's launch marks bevri.ai's move from an initial beta phase to a broader closed rollout. The company said an additional 150 loan officers are being activated on the platform, expanding access beyond early testers. The phased deployment includes attendees of NEXA Lending's annual NEXAfest event. NEXA Lending is also the first client to adopt the agentic AI POS. Its chief operating officer, Jason duPont, is an investor in the company."
"bevri.ai chose NEXA as its first client because of our scale and forward-thinking commitment to pushing the mortgage industry forward. When you're launching something this significant, you need a partner equally committed to growth and innovation, duPont said in a statement given to HousingWire. Haddad said that NEXA becoming bevri-ai's first client is about company alignment and that the company's mission is to be available industrywide."
Bevri POS automates end-to-end mortgage origination tasks including completing the 1003 application, validating income and asset documentation, and running Desktop Underwriter and Loan Product Advisor findings for Fannie Mae and Freddie Mac. The system generates underwriting outcomes earlier, reduces repetitive data entry via autonomous task execution, and continuously evaluates next steps in a loan file to resolve gaps and surface insights for loan officers. The platform is positioned as agentic AI that works alongside loan officers to handle complexity so they can focus on advising borrowers. The rollout expands access beyond beta, activating 150 additional loan officers and partnering first with NEXA Lending ahead of TPO expansion.
Read at www.housingwire.com
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