Complete AI Training
Sign inGet my AI kit

Your job's AI kit

Get your AI kit

Tell us who you are and what you do. We show you your kit right away and email you the link: skills, prompts, AI agents, MCP servers and courses for your job.

500+ jobs ready, and we make a kit for any other job. No payment needed to look.

Share

AI news ·

AI-Powered Tool Cuts Home Loan Approval Time by Verifying Property Ownership Instantly

AdvaRisk’s AI-powered Instant Ownership Check speeds up property ownership verification from weeks to seconds, making home loans faster and more secure. It helps prevent fraud by providing real-time verified data across 14 states.

2 min read
Real estate and construction

This new AI tool could speed up your home loan and prevent property fraud

Buying property or applying for a loan against one just got faster and safer. AdvaRisk, a fintech supported by ICICI Bank and NABARD, has launched Instant Ownership Check (IOC), India’s first AI-powered platform for real-time property ownership and valuation verification. While primarily built for banks and lenders, this platform directly benefits borrowers by making home loans, property purchases, and loan-against-property (LAP) processes quicker, clearer, and more secure.

How IOC changes property ownership verification

Traditionally, verifying property ownership involved manual searches across various Sub-Registrar Offices, often taking days or weeks. This delay not only slows down loan approvals but also exposes borrowers and lenders to risks like:

  • Outdated or incorrect ownership records
  • Disputed or missing sale transactions
  • The same property being used to secure multiple loans

IOC tackles these issues by providing banks with instant access to verified property ownership data, including the latest transaction details and comparable property values from across India—all through a single API. This reduces ownership verification time from weeks to seconds, cutting down loan processing times and minimizing the chances of fraud.

Why this matters to real estate and construction professionals

For professionals managing property transactions or financing, accurate ownership verification is critical. Here’s what IOC offers:

  • Instant ownership validation across 14 major states, such as Maharashtra, Delhi, Tamil Nadu, Gujarat, Karnataka, and Uttar Pradesh
  • Real-time data on property ownership changes and recent transaction values nearby
  • Streamlined credit due diligence and collateral monitoring, reducing risks for lenders and buyers

That means faster approvals for your clients, fewer legal complications, and greater transparency throughout the transaction process. The platform’s extensive coverage now includes Telangana, Andhra Pradesh, Bihar, Uttarakhand, Chandigarh, Kerala, West Bengal, Madhya Pradesh, and more.

Reducing fraud with AI-powered checks

According to RBI data, Indian banks reported over 18,000 fraud cases totaling Rs 21,367 crore in just the first half of FY25. While not all are collateral-related, the RBI has emphasized the need for stronger monitoring and coordination to curb such losses.

IOC’s AI-driven system helps lenders track changes in property ownership and encumbrances in real time. It can flag suspicious activities like fraudulent sales of mortgaged assets, helping prevent costly disputes and financial losses.

Vishal Sharma, Co-founder & CEO of AdvaRisk, explains, “Ownership verification is a critical step in secured lending. Errors here can lead to fraud, litigation, and significant losses. Our AI-powered IOC tool ensures lenders can instantly validate the legitimacy of collateral presented for loans.”

For professionals in real estate and construction, adopting technologies like IOC can improve workflow efficiency and client trust. If you want to explore more about AI applications in finance and property management, consider checking out AI tools for finance offered by Complete AI Training.

Share