Loan Parser - AI Loan analysis tool

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  Home page

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  Scan loan page

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  Open graph image

Inspiration

I got the inspiration for this project from a contract analyzer built by someone, and I thought, Why don't I do the same for loans? Then, I started a loan AI analyzer tool and called it Loan parser.

What it does

Loan parser is an AI application that takes loan documents and parses them into JSON and CSV data that can be extracted and integrated into loan software for companies like LMA. These extracted data can also be used for analytics, comparison & reporting.

How I built it

First off, I started with the wireframe, then later on, I designed the web app, which includes the home & scan page. Then, the next day, I began to build the API. Building the API was quite easy because it had just two routes: health & scan-loan.

The scan-loan route was a bit challenging because it was my first time building an AI application, but I eventually became comfortable with it.

Then, as soon as the core functionality was done, I redesigned the entire application user interface. I chose a black and white theme for simplicity and visibility to anyone, including those who are color-blind.

I built the frontend in Next.js (a React.js framework) and I deployed it on Vercel. I built the backend in Go and deployed it on Render

Challenges I ran into

I did run into many challenges, but one that really stood out for me was when I tried to structure the backend code to an industry-standard API, it was really tough. I was having several deployment errors, and since I was entirely new to GO (the language used for the backend), it was even more challenging, but I scaled through.

Accomplishments that I am proud of

One major accomplishment I'm proud of is the fact that I was able to build a fully functional full-stack app using a backend language I am new to, with minimal AI input.

What I learned

I learnt how to effectively work with AI's APIs. I have been using AI applicants and MCPs in code editors and IDEs, but never really understood how they worked. As I began to work on the Loan parser, I began to understand how AI Billing works.

What's next for Loan Parser - AI Loan analysis tool

After this hackathon, Loan Parser will scale to have users, so ghost users won't be able use the loan service & for proper tracking of loan analysis history. It will also have an interactive negotiation assistant to cut negotiation time drastically and reduce lawyer hours on comparison tasks.

Loan parser will become a paid service, but a free plan will be available with amazing options.

Built With

• go
• javascript
• openai
• typescript