Mortgage Loan Form Extraction

Extract Borrower Details, Property Details, Loan Details, Professional or employment details and declaration from a given Mortgage Loan Forms

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Overview

This Solution supports Banks and Financial institutions to automate the enormous Form Extraction process by extracting required information from the Form filled up by the customer. This AI Package extracts information like Borrower Details, Property Details, Loan Details, Professional or employment details, and declaration in real time.

Mortgage Loan Form Extraction

Mortgage Loan Form Extraction
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Output

Mortgage Applied for

VA

Agency Case number

MU12507

Lender Case number

N4578

Amount

$ 1,000,000.00

Interest Rate

7.65%

No of months

48

Amortization type

Fixed Rate

Property Address

18/7, Indira Nagar­3, Bharathi Chawl, JN Road, Mulund West, Mumbai ­ 400080

No of Units

1

Year Built

2001

Purpose of Loan

Purchase

Property will be

Primary Residence

Borrower's Name

Suryakumar

Marital Status

Unmarried

Result

10x
Efficiency

Comparably High Productivity Margin Achieved

5x
Faster processing

Reduced time of Manual Intervention in training and prediction

99%
Accuracy

High in Accuracy, almost equalling Human Intelligence

3x
Cost Saving

Economizing the spending with Bigger ROI

Challenges

Volume of Form Extraction is extent

Owing to sensitive data, any form of outsourcing or automation was questionable

Human-centered heavy process

Understanding the Check Boxes and Extracting is tough

Benefits

One-stop AI solution for all your data extraction

Easy to verify the information extracted using deep-linking

A High volume of documents processed in very few minutes

SME effort restricted to AI output review

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