Loan Origination Process Automation
Automating subject matter heavy-back office activities of property loan qualification and application processing
Company Overview
A new age housing finance company
Business Challenges
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.
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.
Botminds Solution
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.
Integrated with existing customer system leveraging Botminds Data APIs