AI Scenario Extraction
Broker TechnologyLast updated: September 2026
What is AI Scenario Extraction in Canadian mortgages?
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.
AI Scenario Extraction example
Paste "couple making $180K want to buy $750K semi in Mississauga, 10% down, 720 credit" — bips extracts all fields automatically.
Related broker technology terms
Mortgage Broker SoftwareTechnology tools used by Canadian mortgage brokers to find lenders, calculate mortgage metrics, manage clients, and submit deals. bips is an AI placement engine that tests a borrower scenario against 40+ Canadian lenders in about two minutes, with calculators and client tracking built in.FilogixThe industry-standard mortgage origination and electronic submission platform used by Canadian mortgage brokers. Brokers typically use bips to find matching lenders first, then submit deals through Filogix.Deal ScenarioA complete description of a mortgage deal including borrower details (income, credit, employment), property details (value, type, location), and mortgage request (amount, type, amortization). Used for lender matching in platforms like bips.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.
How bips handles AI Scenario Extraction
bips is an AI placement engine for Canadian mortgage brokers. It tests a borrower scenario against 40+ Canadian lenders in about two minutes, applying GDS, TDS, LTV, stress test and CMHC rules to every match. Free for the first 3 placements.
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