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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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
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.
