Nivo has launched a turnkey AI solution for mortgage brokers with prices starting from £1,000 per month.
The service is designed to allow advisors to integrate AI into their business without having to build it from scratch and has no minimum contract period or start-up costs.
Nivo Collect offers a virtual assistant that collects information, checks documents and chases outstanding papers to support mortgage applications.
The AI assistant works with brokers’ existing email providers.
Advisors email a case and Nivo Collect begins gathering information, conducting checks and locating any missing evidence before returning a fully packaged case ready for filing, the company says.
Nivo says the turnkey service allows companies to benefit from AI immediately, without having to adopt a whole new system.
Unlike generic AI platforms, Nivo Collect is specifically designed for regulated financial services.
It operates within each company’s own secure environment, keeps customer data safe and never uses it to train AI models.
It also maintains a full audit trail.
Nivo says agents can have the service live within hours, with no setup fees for a minimum contract and prices start from £1,000 per month.
Nivo co-founder and chief commercial officer Matthew Elliott says: “Every broker is talking about AI, but most don’t want to become an AI developer.
“They don’t want to build workflows, write prompts, or piece different tools together.
“They simply want AI to solve real operational problems.
“That is exactly why we built Nivo Collect.
“We’ve taken one of the largest administrative burdens in mortgage broking and turned it into a turnkey service that businesses can use within hours.
“Your brokerage gets its own AI assistant, working within your brand, through the email process you already use.
“It collects documents, checks them, looks for what’s missing and returns a packed case ready to be submitted.
“It’s a quick and easy way to realize the direct benefits of AI within your business.”