Form 710 Fannie Mae
Speed up Form 710 processing with Docsumo’s Automated Data Extraction API
Simplify form 710 processing with Docsumo’s intelligent OCR API. Extract and organize data 10 times faster with 99% accuracy. Minimal setup, intelligent extraction, smart validation & easy integration.
Challenge
Form 710, also known as uniform applicant assistance form, contains the information about the income, expenses, and assets of the applicant in a semi-structured form to be considered for available solutions. Extracting data accurately from semi-structured form form-710 in real-time poses challenges for lenders.
The fact that there are several variations of the form based on their structure and layout are used makes it difficult for the automated data extraction tools as well to extract and process this data without any error.
Solution
With Docsumo, free up your essential resources by automating form 710 processing with 99% accuracy.
Standard fields that are extracted
You can easily add, delete and move any field.
Loan Number
Property Address
Name
Address
Contact Number & Email
Type of Hardship
Duration
Beginning Date
Gross Wage & Salary
Self-employed Income
Unemployment Benefit Income
Social Security
Retirement Funds
Savings & Funds
Loan Number
Property Address
Name
Address
Contact Number & Email
Type of Hardship
Duration
Beginning Date
Gross Wage & Salary
Self-employed Income
Unemployment Benefit Income
Social Security
Retirement Funds
Savings & Funds
Docsumo Advantage
70%
Cost Reduction
Halve your cost of operations when processing 50k+ statements/month.
99%+
Accuracy
Reduce manual errors and get precise data
< 30 sec
Processing Time
Reduce turnaround time from hours to minutes.
Features
Build an automated loan approval solution within minutes. Scan form 710 and extract information in real-time without needing technical skills or coding.
Amazingly Fast Processing
It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.
Batch Uploads
Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.
Easily Download Data
Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.
Integrate with API or Webhooks
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Smart Filters
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
Amazingly Fast Processing
It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.
Batch Uploads
Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.
Easily Download Data
Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.
Integrate with API or Webhooks
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Smart Filters
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
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