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Commercial and small business lenders using Covalent can now hand document intake, financial spreading, and credit memo drafting to AI agents, without leaving their loan origination system and without giving up a single credit decision.
AUSTIN, Texas, October 22, 2026. C2 Systems, developer of the Covalent Loan Origination System, and Uptiq, the bank-grade AI platform for financial services, announced a partnership to embed Uptiq’s AI agents directly into Covalent lending workflows. Commercial and small business lenders can now hand document intake, financial spreading, and credit memo drafting to AI agents without leaving Covalent, while every credit decision stays with the banker.
Most of a commercial loan’s cycle is spent before anyone exercises judgment: collecting documents, keying financials, calculating ratios and assembling the credit memo. That preparation is where deals slow down and where experienced underwriters spend hours on work that doesn’t need their expertise. The partnership is designed to take that work off lenders’ desks while keeping the people accountable for credit decisions firmly in charge.
Covalent calls the right Uptiq agent at the right step. Bankers never leave the system, and every output comes back to a banker or underwriter for review before the loan moves forward. The first agents focus on three of the most document-heavy steps in commercial and small business lending:
Covalent remains the system that runs the lending process. Uptiq’s agents handle specific, labor-intensive tasks within it: a new tier alongside the systems banks already run, not a new core.
General-purpose AI tools spread across an institution are hard to govern. Task-specific agents placed inside defined workflows are not. The Uptiq platform is built to that standard:
“Banks need AI they can stand behind in front of an examiner,” said Snehal Fulzele, CEO of Uptiq. “That is what bank-grade means. Our agents are grounded in the institution’s own documents and credit policy. Every figure is provable back to its source. Every action is governed, with audit trails and a banker’s approval. Inside Covalent, lenders gain capacity without giving up the control their boards and regulators expect.”
“AI presents an enormous opportunity for financial institutions, but we believe its greatest value comes when it is incorporated directly into the lending processes bankers already use,” said Stephen Sargent, President and CEO of C2 Systems. “Our partnership with Uptiq allows us to call powerful, bank-grade financial services agents from within Covalent at exactly the point in the workflow where they can create value. The result is a natural extension of Covalent’s automation strategy. We eliminate unnecessary manual work, give bankers better information faster, and enable them to make well-informed credit decisions while delivering an exceptional customer experience.”
The partnership builds on automation Covalent already delivers, including online application intake, identity verification, secure document exchange, credit retrieval and analysis, pricing and decision support, compliance workflows, document production, e-signature and hand-off to loan servicing.
Across Uptiq deployments, lenders have reduced credit memo preparation time by 63% and financial spreading time by 36%.
C2 Systems and Uptiq will introduce Uptiq agents in Covalent in stages, starting with the workflows where automation cuts the most manual effort and loan processing time. Covalent clients interested in early access can contact C2 Systems. To see the agents at work, book a demo at uptiq.ai.
Uptiq is the bank-grade AI platform for financial services: grounded, governed and provable. Banks, credit unions, lenders and wealth management firms use Uptiq to extend their teams with trusted AI agents that increase capacity, add intelligence across existing technology, and create a governed foundation they can expand over time. Uptiq agents work across the customer lifecycle, from intake and underwriting to monitoring and relationship growth, with every output traceable to its source. More than 150 financial institutions use Uptiq. Learn more at uptiq.ai.
C2 Systems, LLC develops cloud-based, automated credit application and decision-support technology. Its Covalent Loan Origination System enables financial institutions to process consumer, mortgage, HELOC, credit card, small business, commercial and commercial real estate loans from point of sale through underwriting, decisioning and document preparation, with an integrated hand-off to the institution’s loan servicing platform. C2 Systems is based in Colleyville, Texas. Learn more at go-c2.com.
