LendPathway Achieves 99.7% Reconciliation Accuracy on Financial Documents

NEW YORK, NY — March 2026 — LendPathway, a New York-based fintech company providing underwriting automation for alternative lenders, announced that 99.7% of all ledgers processed through its platform now reconcile correctly — meaning starting balance plus transactions equals ending balance, mathematically verified.

Over the past few months, the company reduced its reconciliation failure rate from 9.7% to 1.9%, while average discrepancies dropped from 2.8% to 0.3% of book volume.

The improvement addresses a core problem in document-based underwriting: most platforms extract data without verifying it. When transaction data is incomplete or misread, errors flow downstream into revenue calculations, debt positions, and credit decisions — often undetected.

“Reconciliation is the foundation of everything else in underwriting,” said Andrew Bisch, co-founder of LendPathway. “If the math doesn’t add up, nothing downstream can be trusted. Every ledger we process passes through multiple state-of-the-art reconciliation loops — if there’s a discrepancy, it gets surfaced, not buried.”

Bank statement parsing is technically difficult due to inconsistent formatting across institutions. Transactions appear in different sections, pages get cut off in scans, line items wrap across rows, and some statements only display daily totals rather than individual transactions. LendPathway’s system is built to handle these edge cases. In the rare instances where a discrepancy remains, it gets surfaced rather than rounded away.

The company has processed over $7B in cash flow for alternative lenders and brokers since going to market in late 2025 and currently serves more than 20 customers across North America.

To learn more, visit https://lendpathway.com