Goal
Extract key data from Mortgage Deeds with near 100% accuracy
Challenge
The post-closing process for mortgage loans consists of several procedures to ensure that the information on all trailing documents such as mortgage deeds, lender’s title policy, and deeds of trust is verified, accurate and consistent.
- Compare and validate extracted data across documents and to other data sources
- Ensure all information is compliant with local, state, and federal regulations
- Quickly and easily share data with all parties involved, including county property records’
Outcome
Built model with ~95% accuracy to extract key data from mortgage deeds across 3000 counties with differing layouts and conditions. It took around 3min initially for one of our team members to label each document with our platform (compared to 10min manual entry by data clerks) and only 30 seconds to label the data with the help of our Al mode