AI Scenario Extraction
Canadian mortgage term definition with formula, examples, and limits used by mortgage brokers.
Definition
Using artificial intelligence to extract structured mortgage deal data from unstructured text like emails, broker notes, or client messages. BIPS uses Google Gemini AI to convert natural language into structured scenarios.
Example
Paste "couple making $180K want to buy $750K semi in Mississauga, 10% down, 720 credit" — BIPS extracts all fields automatically.
Related Terms
GDSMonthly housing costs divided by gross monthly income. Includes mortgage payment, property tax, heating, and 50% of condo fees.TDSAll monthly debt payments divided by gross monthly income. Includes housing costs plus credit cards, car loans, lines of credit, and other debts.LTVTotal mortgage debt divided by property value. Determines if CMHC insurance is required and which lenders qualify.CMHC InsuranceMandatory mortgage default insurance required when down payment is less than 20% (LTV > 80%). Enables up to 95% LTV financing.Stress TestBorrowers must qualify at a higher interest rate to ensure affordability if rates rise. Calculated as the maximum of contract rate + 2% or 5.25%.
Calculate AI Scenario Extraction automatically
BIPS calculates GDS, TDS, LTV, stress test, and CMHC premiums automatically for every lender match.
Try BIPS free →