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Point a document parser at RFP response, and let people review output instead of producing it. Aimed at lending loan officers, starting from data the business already produces.
In short: Lending RFP Responder is a document parser aimed at lending loan officers, covering RFP response. It scores 71/100 on AltF Ideas, carried by feasibility (90) and held back by moat (49). Typical pricing is $1.3k–$26k per customer per year, with a first version reachable in a weekend for $2.0k–$6.0k.
Lending teams lose a 200-question RFP answered by six people over a week. Every lending team solves this the same way: someone stays late. The cost is invisible on any P&L line, which is why it never gets fixed.
A document parser that sits beside the existing system, reads what it already produces, and closes RFP response. Revenue is seat saas, which suits a buyer who wants the cost to track the value rather than the seat count.
| Total addressable market | $791M |
|---|---|
| Category growth (CAGR) | 13% |
| Annual contract value | $1.3k – $26k |
| Pricing model | Seat SaaS |
| Time to first revenue | 36 days |
| Startup cost to MVP | $2.0k – $6.0k |
| Build effort | Weekend |
Document parsing stopped needing per-layout templates. Lending is growing at roughly 12% a year, and this job has not been re-tooled since it was designed around paper.
| Who | The gap |
|---|---|
| A spreadsheet | The real incumbent in most of the market, and it is free |
| A generalist AI tool | No domain grounding, so output needs full human review |
| A vertical competitor | Priced and scoped for enterprise accounts, not this segment |
Integrations with the incumbent system of record are undocumented and gatekept.
An idea you cannot act on is entertainment. Four concrete steps, wired to tools already running on AltFTool.
Score problem urgency, willingness to pay, and reachable audience size before writing any code.
→ AltF IdeaLabAsk how they handle this today and what it costs them. If nobody can quantify the pain, the demand score is optimistic.
→ Survey BuilderCheck availability, DNS, and email authentication in one pass so your first outreach lands in an inbox.
→ AltF DomainOpsStand up intake, the review queue, and billing before you build the clever part.
→ AltF Flow