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Challenge
Automate underwriting to process loans faster
- Extract data accurately from documents like P&L, balance sheets, and bank statements to determine customer's creditworthiness.
- Reduce false-positive cases by automatically verifying data against multiple source documents or against a database.
- Analyze cash flows, calculate financial ratios, and compare statistics from extracted data to understand customer risk profiles better.
No credit card required
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Problem statement
Commercial underwriters struggle with timely and thorough risk assessment, verification of data, and compliance amidst diverse borrower profiles.
What docs do we handle?
Balance Sheets
Income Statements
Cash flow Statements
Business Tax Returns
Collateral Documentation
Articles of Incorporation
Partnership Agreements
Operating Agreements and other legal docs
Insurance Documents
Loan Application
Profit & Loss Statements
Credit Reports
Solution
Results
See how Docsumo can help your underwriting team
Let's talk.
Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately. Fill up the form to speak with an automation expert.
