Coconut + Mortgage Brokers: Faster Bank Import
Mortgage brokers need to verify income and spending from bank statements when assessing affordability for lender applications. If you use Coconut for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for Mortgage Brokers Using Coconut
BankScan AI converts any bank statement PDF to CSV formatted for direct import into Coconut. Instantly convert applicant bank statements to Excel to verify income, identify regular commitments, and prepare affordability summaries.
The Mortgage Brokers + Coconut Workflow
Mortgage brokers request 3-6 months of bank statements from applicants, review them for regular income deposits, identify committed expenditure such as loans and subscriptions, flag gambling transactions or payday loans, and prepare affordability summaries for lender submission. Each application typically involves reviewing statements from multiple accounts.
Key terms you'll encounter: affordability assessment, committed expenditure, income verification, debt-to-income ratio.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 30-45 minutes per mortgage application on statement review, which adds up to 5+ hours per week during busy periods with 8-10 applications in progress
AI formats for Coconut
Output as CSV with Date, Description, Amount — Coconut accepts a single amount column with positive for income and negative for expenses — dates in DD/MM/YYYY.
Import and reconcile
In Coconut, go to Transactions > Import. Upload the CSV from BankScan AI to bring in transactions from external bank accounts alongside your Coconut banking data. Coconut auto-categorises imported transactions by comparing them against your existing Coconut transaction categories, learning your categorisation preferences over time.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Coconut Features for Mortgage Brokers
- Coconut ready — Output formatted as CSV matching Coconut's expected column structure
- Smart integration — Coconut auto-categorises imported transactions by comparing them against your existing Coconut transaction categories, learning your categorisation preferences over time.
- Built for Mortgage Brokers — Saves 30-45 minutes per mortgage application on statement review, which adds up to 5+ hours per week during busy periods with 8-10 applications in progress
- Software compatible — Output works directly with Mortgage Brain, Twenty7Tec, Excel
Import Steps for Mortgage Brokers Using Coconut
As mortgage broker, here's how to get bank data into Coconut:
- In Coconut, go to Transactions > Import
- Upload the CSV from BankScan AI to bring in transactions from external bank accounts alongside your Coconut banking data
Common Import Issues
Coconut is primarily a banking app — the import feature is designed for bringing in transactions from non-Coconut accounts. Large file imports may time out on mobile.
Coconut Import — Built for Mortgage Brokers
Niche player combining business banking with basic bookkeeping. Targets freelancers who want banking and accounting in one app without managing separate tools.
Try Free — Coconut + Mortgage Brokers