Loan Document Processing
Lending teams need more than OCR and data extraction. They need document workflow automation with rule based checks that validate package readiness before underwriters review files.
Key Benefits
- Catches missing loan documents before underwriting handoff
- Reduces manual compliance reviews and correction loops
- Improves submission completeness at first pass
- Speeds credit review by routing only validated packages
- Improves workflow consistency across products
What It Does
The platform classifies borrower documents, performs OCR and data extraction, then applies document validation checks for mandatory fields, required attachments, and cross file consistency rules.
This process runs within submission readiness automation and is built on intelligent document processing.
How It Works
- Ingest and classify mortgage and lending files.
- Extract key fields using document AI and OCR models.
- Run the workflow validation engine on product rules.
- Check package completeness with the document completeness checker.
- Route exceptions into the pre submission QA dashboard.
When To Use It
Use this page model when lending teams have delays caused by missing borrower forms, incomplete packages, or rule failures discovered too late.
The same pattern applies to insurance and AP operations, with workflow specific controls on insurance document processing and accounts payable automation.
FAQ
What is loan document processing in a lending context?
Loan document processing combines extraction, classification, completeness checks, and policy validation to ensure loan packages are ready before underwriting review.
How does this help with missing mortgage documents?
The completeness checker detects missing forms, signatures, and supporting records before submission, reducing manual back-and-forth.
Can the system enforce lending compliance checks?
Yes. Rule-based validation can enforce institution and product-specific requirements before packages move to decisioning.
Will this replace underwriters?
No. It reduces manual package triage and rework so underwriters can focus on credit and risk decisions.
How quickly can teams see value?
Most teams see early value once missing-document and pre-submission validation controls are active for core loan workflows.