Intelligent document processing for lending

Intelligent document processing (IDP) for lending is software that collects, classifies and extracts data from loan documents such as bank statements, pay stubs, W-2s, tax returns and IDs, then checks it against the application and the other documents. It replaces manual keying and re-checking with structured data and a short list of exceptions. Docsumo is an intelligent document processing (IDP) platform that does this for mortgage, small business, commercial, consumer and debt settlement lenders.

Most of a standard loan file: bank statements, pay stubs, W-2s and 1099s, 1040s with their schedules, business returns such as the 1120 and 1065, financial statements, loan applications, driver's licenses, passports and utility bills. Docsumo covers 250+ document types with pre-trained models, and custom models can be trained for documents specific to your institution.

Processed by hand, a document can take two hours or more. With Docsumo it takes under five minutes per document, and Grid Finance processes a complex bank statement in under a minute. Because 95%+ of documents go straight through, most of a file is ready before anyone opens it.

AI does the reading, the matching and the arithmetic. It extracts every field and transaction row, compares income across pay stubs, W-2s, tax returns and bank deposits, flags missing documents, pages and months, and matches names and addresses against the ID. The credit decision stays with your underwriters, who start from a checked file with the exceptions marked instead of a stack of PDFs.

OCR turns an image into text. It doesn't know which figure is year-to-date gross pay, it breaks when a layout changes, and it can't tell that one upload holds six documents. IDP classifies and splits documents, extracts named fields with confidence scores, and validates them against your rules and the rest of the file, so the output is decision-ready data rather than raw text.

Yes. Documents come in by email, upload or REST API, and checked data goes back to your LOS, CRM or data warehouse as JSON by webhook, with a confidence score on every field. A separate test environment lets your engineers validate the integration before it reaches production.

Docsumo is SOC 2 Type 2 audited, ISO/IEC 27001:2022 certified, and HIPAA and GDPR compliant. Your documents and extracted data are not used to train shared or third-party models. Access is set by role, team and document type, and every review, correction and approval is recorded in an audit log that your security and compliance teams can inspect.

You can start the same day with a free trial: 1,000 pages for 14 days, using pre-trained models for common lending documents. Cross-document validation and case management, which check a whole loan file, are on the Enterprise plan. For a production rollout, book a demo and bring a real loan file; we run it live and map out the checks and integration your team needs.