Family B · Running products and operations
MeshFin Lend
Consumer and mortgage lending
Application to settlement: the income and expenses verified from authorised data with consent, serviceability assessed against the credit policy and the responsible lending obligations with every figure cited, security checked, and the credit decision held for a person with the delegation.
MeshFin Lend (MF-08), the service for consumer and mortgage lending, is one of the twenty-four MeshFin services, in the "Running products and operations" family, which follows the BIAN Operations and Execution business area. It covers the BIAN service domains Loan, Consumer Loan, Mortgage Loan, Underwriting, Customer Credit Rating, Collateral Allocation Management, Collateral Asset Administration and Disbursement in whole or in part. Application to settlement: the income and expenses verified from authorised data with consent, serviceability assessed against the credit policy and the responsible lending obligations with every figure cited, security checked, and the credit decision held for a person with the delegation. It replaces loan origination system, serviceability calculator spreadsheets, valuation ordering portal and settlement steps by hand. AI agents carry the work end to end; a named person takes every decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. It is core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech.
BIAN service domains this service covers
In the BIAN Operations and Execution business area of the Service Landscape 14.0, in whole or in part. Lay this over your own BIAN map to see what MeshFin Lend covers and what stays. BIAN has not reviewed or endorsed MeshFin.
- Loan
- Consumer Loan
- Mortgage Loan
- Underwriting
- Customer Credit Rating
- Collateral Allocation Management
- Collateral Asset Administration
- Disbursement
What it replaces
- Loan origination system
- Serviceability calculator spreadsheets
- Valuation ordering portal
- Settlement steps by hand
What it reacts to
- Application lodged
- Document or data received
- Valuation returned
- Credit report returned
- Settlement date set
- Rate change
- Variation or redraw requested
The agents that carry it
Application agent
Collects what the law requires and nothing already held, verifies income and expenses from authorised data with consent and flags inconsistencies.
Serviceability agent
Assesses affordability against the credit policy and the responsible lending obligations, cites every figure and writes the assessment a credit officer can check in minutes.
Security agent
Orders and reads the valuation, checks title and the security position, and prepares the mortgage documents.
Settlement agent
Reconciles the conditions, prepares settlement, posts the loan and schedules repayments.
Where a person decides
No decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation is taken by an agent alone. In MeshFin Lend, these decisions are held for a named person, with the agent's evidence and recommendation attached.
| Decision | Who decides | Why a person |
|---|---|---|
| Every credit decision: approval, decline and conditions | Credit officer with the delegation | Legal and financial effect on a person |
| Any exception to credit policy | Credit committee delegate | Commits the balance sheet |
Records it writes
Credit assessment with sources · Decision with reasons · Security file · Settlement record
Before MeshFin: the baseline this service is measured against
Illustrative figures for a mid-sized institution on the systems the service replaces. Sample data, not a customer's. A live service reports what its agents are doing instead.
Time to decision
11 days
median today for a mortgage
Documents requested twice
34%
of applications today
Files reworked after assessment
22%
today
Policy exceptions traceable
partial
approved in email today
Institutions: core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech. Universal and retail bank ● · Mutual and community bank ● · Non-bank lender and fintech ●.
Questions banks ask about MeshFin Lend
- What does MeshFin Lend do?
- MeshFin Lend is the MeshFin service for consumer and mortgage lending. Application to settlement: the income and expenses verified from authorised data with consent, serviceability assessed against the credit policy and the responsible lending obligations with every figure cited, security checked, and the credit decision held for a person with the delegation. It reacts to events such as application lodged, document or data received and valuation returned, and writes credit assessment with sources, decision with reasons, security file and settlement record as records.
- Which BIAN service domains does MeshFin Lend cover?
- Loan, Consumer Loan, Mortgage Loan, Underwriting, Customer Credit Rating, Collateral Allocation Management, Collateral Asset Administration and Disbursement, in the BIAN Operations and Execution business area, in whole or in part. The mapping is to the published BIAN Service Landscape; BIAN has not reviewed or endorsed MeshFin.
- What systems does MeshFin Lend replace?
- Loan origination system, Serviceability calculator spreadsheets, Valuation ordering portal and Settlement steps by hand. Because the service runs on the MeshFin platform, the licence, integration and upgrade costs of those systems retire with them.
- What do the AI agents do in consumer and mortgage lending?
- The application agent collects what the law requires and nothing already held, verifies income and expenses from authorised data with consent and flags inconsistencies. The serviceability agent assesses affordability against the credit policy and the responsible lending obligations, cites every figure and writes the assessment a credit officer can check in minutes. The security agent orders and reads the valuation, checks title and the security position, and prepares the mortgage documents. The settlement agent reconciles the conditions, prepares settlement, posts the loan and schedules repayments.
- Which decisions does a person still take?
- Agents never take a decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. In MeshFin Lend, a person decides every credit decision: approval, decline and conditions (credit officer with the delegation) and any exception to credit policy (credit committee delegate). The record shows who decided, why, on what evidence and under which delegation.