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Automated Loan Underwriting Software

Your credit policy, enforced on every deal automatically

Keep your credit standards consistent as you grow. Onyx IQ puts every deal in front of your team already read and scored against your credit policy, clears the obvious calls automatically, and routes only the borderline files to your underwriters.

Let’s Automate Your Underwriting

Trusted by lenders running high-velocity, high-volume operations

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We’re handling more volume with the same team, funding more deals, and cutting underwriting time by roughly 30%. Everything now runs in one system.
C
Caleigh Toye Liquify Funding
 

Manual underwriting lets your credit standards drift as you scale

When every deal is decided by hand, the answer depends on who reviewed it and how busy the day was, so over time your portfolio reflects those individual calls instead of the policy you set.

Onyx IQ applies your credit policy to every deal automatically and records exactly how each decision was made.

AI submission intake

Move deals into underwriting without the data-entry step

Onyx IQ's submission-intake AI reads the application and bank statements the moment they arrive, fills the deal record, and flags existing positions and stacking. Deals reach your team ready to underwrite, so you stop paying people to build files by hand and stop losing time before a decision starts.

Applications and statements extracted automatically
Existing positions surfaced from bank activity
Deal records built before anyone reviews them
Submissions processed in seconds
Application auto-filled by Onyx IQ AI submission intake
Deal workspace

Give your underwriters a complete file on every deal

The application, owners, positions, funding history, and supporting data all sit in one organized view. Your team decides on complete deals instead of assembling files across systems, so reviews move faster and nothing gets overlooked.

One view of the business, owners, positions, and funding history
Custom widgets show each team what it needs
Prior funding and payment performance visible in the deal
One record for the full review
Underwriting queue

Keep every underwriter working on the next available deal

All files sit in one shared queue. Underwriters can claim the next deal, see what others are working on, and follow each file through approval. Adding underwriters increases capacity without creating duplicate work or leaving deals stuck with one reviewer.

Shared queue with deal claiming
Clear ownership of every file
No duplicate reviews
Every deal visible from intake through approval
Risk and verification

Put every risk check on one deal record

Credit, bank verification, background checks, and existing positions all flow into the same deal record. Your team decides from one complete file instead of pulling results from separate systems, so no data is re-keyed and nothing is missed.

Credit, bank, and background checks inside the workflow
Existing positions detected from bank statements
All risk data attached to the same deal
No separate logins or manual transfers
Submissions uploaded into Onyx IQ
The decision engine

Make every deal follow your credit policy, automatically

The scorecard turns your credit policy into rules and applies them to every submission before an underwriter opens the file.

Get the same decision standard on every deal. Your exact criteria (FICO, deposits, time in business, active positions, and more) run the same way every time.
Remove obvious declines from the queue. Deals below your thresholds decline automatically, and the ISO is notified without your team touching the file.
Keep underwriters focused on the deals that need judgment. Clear approvals move forward, clear declines move out, and only borderline files reach an underwriter.
Change policy as soon as the business changes. Your head of credit adjusts thresholds in a no-code interface, and the new rules apply to the next submission.
Run a different playbook for every product. Build multiple scorecards and run them automatically at intake or manually when your team needs a fast read.
Scorecard settings
No-code scorecard settings in Onyx IQ
Every deal moves to the right next step
Approve
Deals that meet your policy go straight to an offer, with no underwriter time spent on files that were always going to fund.
Refer
Only borderline deals reach your underwriters, so their time goes to the files that actually need a decision.
Decline
Deals below your thresholds clear automatically, keeping your team focused on deals worth funding.
Stipulations

Keep every required document inside the deal

Set the stipulations each approval needs and let ISOs upload them directly to the file. Your team works from one checklist and moves deals into final underwriting as soon as every item clears, instead of chasing documents across email.

Set required stipulations by approval or product
Let ISOs upload documents directly to the deal
See completed and outstanding items in one place
Move the file forward without chasing email attachments
Compliance

Fund across more states without adding more manual checks

Onyx IQ applies the correct disclosure sequence for wherever a deal is funded and keeps the required records attached to the file. Your operation can expand into new states without turning compliance into a manual checklist or adding staff to manage it.

Disclosures follow each state’s requirements
Required documents stay current and audit-ready
Compliance runs inside the deal workflow
Every disclosure and change stays attached to the record
Score-based rules applied to every deal in Onyx IQ
Offer

Get approved terms to the merchant immediately

Once a deal clears underwriting, the approved amount, pricing, and repayment terms become the offer automatically. Your team sends terms without rebuilding the decision in another system, so approvals reach the merchant while the deal is still warm.

Pricing generated from the approved deal
Offers and contracts created in the same platform
No manual handoff between decision and terms
Fewer delays between approval and merchant response
One AI-powered lending platform

Automated underwriting is one solution inside the Onyx IQ lending platform

Automated underwriting is built into Onyx IQ Origination and shares the same deal record with everything that comes next. Once a deal is approved, it moves directly into the offer, contract, funding, servicing, collections, syndication, and reporting workflows. Your team does not have to transfer the decision, rebuild the file, or enter the same data again.

Origination Move deals from submission to funding faster
AI submission intake Underwriting and credit decisioning Approvals and ISO portal Contracts and e-signature Funding Renewals and payoffs
Portfolio See and manage your full book in real time
Deal management Dashboards Portfolio reporting
Syndication Manage partner capital without spreadsheets
Participant management Automated splits Commissions
Servicing and collections Keep payments and recoveries moving
ACH processing Payment management Failed-payment workflows Collections automation

Lenders running their whole operation on Onyx IQ
 

5 star rating

“We highly recommend it to any company looking to streamline their workflow, track payments and syndications, automate underwriting with every type of integration needed, and achieve better results.” 

Jacob Trustpilot Review

5 star rating

“The ONYX platform has taken my business to the next level of growth. The workflow of this software makes our process seamless. I would recommend ONYX to anyone.” 

Nick Trustpilot Review

5 star rating

“I've been using Onyx for the past 7 months and the only thing I would say is SIMPLE!!! I love how easy it is to use and how user friendly it is. They are continuing to evolve with automations but funding functionalities are on point!” 

Alex Trustpilot Review

Quotation Marks

“Onyx IQ gave us the structure and compliance framework we needed from day one, removing operational friction and elevating the professionalism of the business as we grew.” 

Nick Lavoie Lavoie Capital

Quotation Marks

“Onyx IQ helped us streamline credit, ACH, and contract workflows into one system and made underwriting faster and more focused using the Scorecard.”

Tasha Tekfi

Quotation Marks

“We’re handling more volume with the same team, funding more deals, and cutting underwriting time by roughly 30%. Everything now runs in one system instead of spreadsheets, and deals move without stalling.” 

Caleigh Toye liquifyfunding.com

Quotation Marks

“Onyx IQ is reliable, easy to use, and backed by the most responsive support team we’ve worked with. When issues arise, they’re handled quickly.” 

Tony Nationwide
Before you switch

Questions lenders ask

Does Onyx IQ replace my underwriters?
No. Onyx IQ's AI removes the assembly work so your underwriters spend their time on judgment instead of data entry. It gets every deal in front of them faster and more complete, but the decisions stay yours.
What happens if the AI reads a document wrong?
Your team stays in control of every deal. Onyx IQ's submission-intake AI reads submissions at roughly 98.5% accuracy and shows the extracted data against the original document, so your team can correct anything before they confirm it and send the deal forward. The AI speeds up the read. Your underwriters own the review and the decision.
How custom can the approval rules get?
Fully custom. Your head of credit builds the scorecards and thresholds around your own credit policy in a no-code editor and changes them whenever strategy shifts, with no engineering. Every version is preserved, so each past decision stays traceable to the policy that produced it.
Will it work with the credit and bank data we already use?
Yes. Onyx IQ connects natively to the providers you already rely on, including Experian, Plaid, DecisionLogic, and Thomson Reuters CLEAR, and every credit, bank, and KYC pull runs inside the deal workflow instead of a separate login. See the full list on our integrations page.
What does moving off our current process look like?
Fast and guided. You get a go-live plan the day you sign, and two dedicated managers map your workflow, credit rules, and documents into Onyx IQ on a set timeline, typically two to four weeks to live. Nothing gets lost in the move.
Who can see our deals and pipeline?
Your data is yours. Onyx IQ isolates each lender’s deals and pipeline. No other funder sees your submissions or how you underwrite.

See automated underwriting on your own deals

Bring a real submission and watch Onyx IQ's AI read it, structure it, and run it against your rules in one pass.