The underwriting team spent hours manually extracting data from insurance documents like ACORD forms and elevation certificates for insurance compliance. Each application took up to 30 minutes to capture data with a 20% error rate.
Automate your commercial underwriting process with 10x efficiency
- Extract data you need from rent rolls, T12s, income statements & other unstructured documents with just a single click.
- Free up your team's time with our pre-trained AI models that make manual data digging obsolete
- Make document review a breeze with our Human-in-the-loop review screen and validation checks.
No credit card required
Problem statement
CRE underwriting requires your servicing operations team to manually extract data from rent rolls, T12s & income statements which is time consuming & error prone.
Get to know about Intelligent Document Processing in Finance
What docs do we handle?
Loan Application Form
Credit Report
Paystubs
W-2 forms
Tax returns
Bank statements
Investment statements
Property deeds
Income statements - 1099
Government identification card
Social security number
Current Loan Documents
Scale your underwriting with automated data extraction
CRE Insurance Compliance Case Study
How Arbor Realty Trust achieves 10X processing of ACORD and flood certificates
Challenge
Solution
Docsumo's AI-powered data extraction APIs automated data capture from insurance documents. Key steps:
- OCR scanned and vectorized the text for extraction
- Custom NLP models classified and structured the data
- Algorithms made intelligent predictions to identify relevant data
- Validations ensured 99% data accuracy
- Flexible API integration into Arbor's systems
Results
What previously required manual effort, now happens touchlessly with Docsumo's smart validation algorithms. The underwriters now review only the exceptions, reducing processing time by 10x with over 95% straight-through processing.
10X
Faster processing of unstructured data
95%+
Touchless processing using smart validation rules
99%+
Accuracy due to comprehensive automation
See how we can help your lending 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.