Closing Disclosure

Benefits

• Framework Document Skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up. In most Framework Skills the main data fields have been labeled and the skill has been trained on a small document set to provide a starting point for further training on customer side. Framework Skills generally come at no additional cost, but consume page volume from the base Vantage Core Skills volume.
• The model automatically detects approximately 40 main fields from the closing disclosure forms and extracts relevant data (date issued, closing date, file #, property address, price, borrower and seller details, loan term, loan amount, interest rate, etc.). For a full list of extracted fields, please see the skill documentation.
• Business rules can be added as required.
• Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
• Requires further training in order to ensure sufficient accuracy levels on customer-specific documents. Training can be done up-front or during runtime as documents arrive and go through manual verification.
• Key fields: Date issued, Closing Date, File #, Loan ID #, Loan Amount. Values extracted from key fields are visible in the Documents overview.

Documentation

Closing Disclosure Document Skill Guide

Checklist for Financial services - 7 Document Skills