Alnex
Alnex: A document-to-decision workbench that pairs cited checks with underwriter review. Ranked #10 of 30 in AI Loan Underwriting Software by our editors (7.3/10); pricing: Free plan; best for mortgage teams needing cited guideline and AUS checks.
At a glance
- Editor score7.3 / 10
- PricingFree plan
- Best forMortgage teams needing cited guideline and AUS checks
- Free planYes
- Borrower document analysisYes
- Facts checked14 Nov 2026
Where it wins
- Extracts borrower financial data into structured line items
- Links guideline answers and computed figures to source pages
- Reconciles DU and LPA findings and records underwriting actions
Where it doesn't
- Standard starts at $349 per month
- Encompass integration is offered only with Enterprise
- The published support channel is email
Our verdict on Alnex
Alnex is a mortgage underwriting workbench for lenders, processors, and brokers handling conventional and Non-QM loans. It classifies uploaded borrower documents, builds checklists, and extracts income, liabilities, reserves, valuation, self-employment, and rental income into structured line items. A deterministic rules engine computes measures such as DTI and LTV, checks lender-set thresholds, and produces policy findings. The system supports underwriting work, but it does not replace the underwriter: a person reviews and signs off on the lending outcome.
Pricing starts with Basic, a permanent free tier, followed by Standard at $349 per month, Growth at $1,599 per month, and Pro at $2,999 per month. Each of those plans lists the full underwriting workbench. Enterprise also lists the workbench and adds LOS / Encompass integration. The listed paid amounts make the choice of tier material for teams weighing a paid workflow against the free option; the pricing details do not describe additional workbench capabilities by tier. Enterprise is the fit to consider when Encompass integration is needed.
The standout workflow combines cited agency guidance with file-level checks: answers can point to page-numbered Fannie Mae, Freddie Mac, and FHA references, while computed figures link back to source document pages. Alnex also reconciles DU and LPA findings, prepares Fannie 1084 and Freddie 91 cash-flow worksheets as filled PDFs, proposes Reg B adverse-action reason codes for underwriter confirmation or editing, and exports decision records with an audit trail. This makes it relevant to teams seeking traceable review support rather than automated lending decisions. Teams needing a system that decides loans without human sign-off, or needing an integration other than the stated Encompass option, should look elsewhere.
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Alnex pricing
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Alnex fact sheet
| Free plan | Yes |
|---|---|
| Paid from | Not verified |
| Borrower document analysis | Yes |
| Automated decisioning | No |
| Mortgage underwriting | Yes |
| Application risk assessment | Yes |
| Decision explanations | Yes |
| Human review workflow | Yes |
| Deployment | Cloud |
| Platforms | Web |
| Compliance & security | SSO/SAML, 2FA |
| Support | |
| Built for | Small business, Mid-market, Enterprise (editorial estimate) |
| Integrations | 1 integrations: Encompass |
| Pricing | Free plan (source) |
| Website | alnex.ai |
| Facts checked | 14 Nov 2026 |
Alnex integrations
Alnex lists 1 integrations on its own site.
- Encompass
Alternatives to Alnex
- ICE Mortgage AnalyzersMortgage-focused document analysis with rule results and exceptions for underwriter review.9.1
- Infosys Agentic AI Mortgage Underwriting SolutionMortgage decisioning spans document checks, risk analysis, recommendations, and human review.8.8
- nCino Commercial LendingA cloud workflow for C&I and CRE lending, from application intake through portfolio monitoring.8.5
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Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
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