Loan Origination Process Automation​

Automating subject matter heavy-back office activities of property loan qualification and application processing​

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A new age housing finance company

Challenge

A variety of document types – appraiser reports, technical reports, deed documents, KYC documents, Form 16, bank statements, and many more.​

A variety of document types – appraiser reports, technical reports, deed documents, KYC documents, Form 16, bank statements, and many more.​

Manual data entry, no standardized process, error prone. Rapidly scaling the business and linear growth is not an option.​

Manual data entry, no standardized process, error prone. Rapidly scaling the business and linear growth is not an option.​

Every new state adds to the existing complexity with more varieties.​

Every new state adds to the existing complexity with more varieties.​

Month-end loan applications surge leads to strain in the system and hence quality drops.

Month-end loan applications surge leads to strain in the system and hence quality drops.

Botminds Solution

A single solution that does document classification and further extraction based on document type..

A single solution that does document classification and further extraction based on document type..

A base generic model that ‘adapts’ to new state documents with less examples.

A base generic model that ‘adapts’ to new state documents with less examples.

Integrated with existing customer system leveraging Botminds Data APIs

Integrated with existing customer system leveraging Botminds Data APIs

Results

50%
Resource Reduction

Analysts can now work on for more effective process and implementations

99%
Accurate Data

Higher Accuracy delivered with Human in the loop technology.

45%
Cost Savings

Adapt to Botminds IDP for faster business decisions through standardized knowledge

60%
Time Savings

Avg 2 hours, down from the original 5 hours of work, per application​.

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