Escrow Account Disclosure Statement

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An Escrow Account Disclosure Statement is a review and recalculation of the escrow account based on actual amounts paid into the escrow account and disbursed from the escrow account.

The Escrow Account Disclosure Statement is a Framework Document Skill has been trained on a smaller set of documents. Approximately 40 data fields are defined and labeled.

Customers can use this Framework skill as a starting point for further training based on incoming reports, add new or to adjust the extracted fields and business rules to their own requirements.

Benefits

  • Escrow Account Disclosure Statement skill model automatically detects key fields and extracts relevant data (Loan Number, Disclosure Date, Property Address, Borrower Name/Address, Co-Borrower Name/ Address, etc.). For a full list of extracted fields, please see the skill documentation.
  • Includes rules for required fields. Additional business rules can be added as required for example to set a minimum threshold of earnings, or to check that the document has not been issued prior to a certain date.
  • Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
  • Allows further training of the model based on customer documents in real time in order to ensure sufficient accuracy levels on customer-specific documents. Over time significantly improves straight-through-processing rates and reduces the need for human interaction.
  • Key fields: Loan Number, Disclosure Date, Property Address, Borrower Name/Address, Co-Borrower Name/ Address, Servicer Name, Servicer Address, Servicer Phone Number

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