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
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
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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