INTELLIGENT MORTGAGE PROCESSING
Challenge
Mortgage requests are acquired from various vendors – usually around 3000 pages per document, loads of manual entry, repetitive task of sorting documents, quality control, combination of structured, semi structured and unstructured documents (e.g. Credit reports, Closing Disclosures, 1003, 1005 forms, flood reports, etc.)
Solution
- qBotica automatically splitted bulk document into different document types (automatic classification)
- Discard any unwanted documents / pages
- Document Understanding with Action center for Human in the loop
Key Benefits And Results
>90%
Cost and time savings
SLA
3 days from weeks!!!
Increases effiency upto 60%
and ability to support further growth in key areas