Mortgage companies often need to process large volumes of diverse document types to extract business-critical data. Today, lenders are faced with the challenge of managing a manual, slow, and expensive process to extract data and insights from documents. To help address the issue, Amazon Textract Analyze Lending improves business process efficiency through automation and accuracy, reducing loan processing costs and providing the ability to scale quickly based on changing demand.
For a full list of documents that Analyze Lending supports, click here.
Automate with high accuracy
Classifying and extracting key data from a range of document types is a complex manual process, which is not only time consuming but also error prone. Analyze Lending lets you automatically process a variety of document types with high speed and accuracy while reducing human error.
Manually extracting information from mortgage documents is costly. You need to extract critical data points from hundreds of pages of loan applications. Analyze Lending helps automate this process and significantly lower operating costs.
Your demand can fluctuate substantially, leading you to allocate resources to process documents manually. Analyze Lending can process mortgage documents automatically and reduce reliance on human reviewers, allowing you to scale on demand.
“Reduced document processing time from several hours to minutes”
Eric Barrow, SVP, App Dev at Pennymac Loan Services, LLC
Partners and Resources
Looking for ways to integrate Amazon Textract Analyze Lending into your business application? Work with AWS Partners who specialize in Intelligent Document Processing (IDP). Visit the AWS Partners page to find the solution for your use case.