When a borrower uploads financial documents such as pay stubs, W-2s, tax returns, and bank statements, this solution uses optical character recognition and AI to read each document and extract the relevant figures, populating the borrower's loan file automatically without a processor needing to open and manually read every page. It flags documents that are illegible, expired, or incomplete so they can be resolved immediately.
The problem is that processing income and asset documentation is one of the most time-consuming parts of mortgage origination, and errors from manual data entry cause costly mistakes. Faster document processing means faster pre-approvals and a better borrower experience.
From trigger to result, here is the flow at a glance.
Borrower Uploads Docs
Pay stubs, W-2s, and statements come in
AI Reads Each Page
OCR extracts the relevant figures automatically
Populates Loan File
Fills the file and flags bad documents
Faster Pre-Approvals
Less manual entry and fewer costly errors
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