Challenge
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
Preferred by Leaders from
Finance
Insurance
Real estate
Healthcare
Logistics
Biagi Bros is saving more than 500 hours per month on their Bill of Lading processing.
Jones document processing time reduced from minutes to seconds for their ACORD forms.
Valtatech turned their invoice processing time from a few hours to < 5 minutes with 99% accuracy.
Hitachi reduced reconciliation time of bank statements to under 30 minutes. Saving around 200 hours/month.
PayU processed 7 financial statement types across 100+ banks enabling 95% straight-through processing for income & ID verification.
National Debt Relief got a straight through processing rate of over 95% for their financial documents.
Arbor Powers 95%Straight-Through Processing on 1 Billion documents for CRE lending and risk assessment.
Westland processes 2000+ utility bills in 6 formats from 6 vendors, achieving 99% data accuracy.
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.
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
AUTO-SPREADING OF CRE LOAN DOCUMENTS
Minimize risk with intelligent auto-spreading and standardization of CRE documents
Whether you're dealing with multifamily, retail, or commercial loans - auto-spread complex documents like T12 operating statements, rent rolls, offering memorandums, etc. easily. Set up field-level confidence thresholds to minimize your risk of underwriting different commercial properties.
INTELLIGENT CRE AUTOMATION
Go beyond plain vanilla OCR
Vanilla OCR systems rely on recognising patterns or like-for-like similarities. But, real estate documents are complex. That’s why Docusumo’s AI scans, understands, and categorizes real estate data contextually irrespective of its placement on the document.
100% STRAIGHT THROUGH PROCESSING
Dump manual processing. Get more done with intelligent automation.
Automate repeatable processes like checking insurance policies, sorting and prioritizing submissions with AI. Extract key data in insurance documents, T12s, rent rolls for straight through processing into downstream underwriting systems.
FASTER AND INSIGHTFUL UNDERWRITING DECISIONS
Make informed underwriting decisions with 99%+ data accuracy
Extract real estate-specific data such as occupancy, rent, footage, premiums, deductibles, lease start/end dates etc. with 99%+ accuracy. Make informed decisions to efficiently triage submissions and identify the best commercial real estate opportunities to underwrite. Save loads of time and effort as well.
CRE Insurance Compliance Case Study
How Arbor Realty Trust achieves 10X processing of ACORD and flood certificates
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.
