Automating Document Validation with Amazon Textract
Client Organization
The client is a provider of innovative solutions specifically designed for mortgage lenders. Their platform focuses on simplifying the loan process by eliminating the need for paperwork, enhancing data transparency, and improving efficiency in borrower verification.
Project Brief
The client was facing significant challenges in processing loan applications due to the manual validation of essential documents like Social Security Numbers (SSN), bank statements, pay stubs, and other supporting documents. The manual process was time-consuming, prone to errors, and resulted in extended loan approval times, leading to customer dissatisfaction and increased operational costs.