Document Processing Automation for Credit Decisioning

Document Processing Automation for Smarter Credit Decisioning

Use AI to eliminate manual processes involving unstructured documents. Unstract enables accurate data extraction from loan documents of any type, form, format, and complexity across any lending workflow.

BENEFITS

Why choose Unstract for automating credit decisioning

Operational efficiency

AI driven document extraction enables error-free data processing, robust credit verification, and lowers cycle stage length.

Increased accuracy

Better accuracy in data extraction helps flag potential risks, reduced manual errors and better reporting.

Customer satisfaction

Reducing human-in-loop touchpoints helps reduce turnaround time and results in faster loan approvals.

Automated Compliance

Unstract helps make better credit decisions that comply with legal and regulatory standards.

Increase profitability

Shortened approval cycles, reduced manual intervention, and robust verification help cut cost per unit originated and improves profit.

Smarter Decisions

Extracting relevant data that is always trustworthy and predictable helps loan officers to improve onboarding capacity.

Shorter loan closing time
30%
Less human touchpoints
80%
Extraction accuracy
95%

Automate the furthest nooks of your credit decisioning workflows.

Seamlessly integrate your unstructured document workflows with Unstract’s ETL Pipelines and APIs. Enable claims processors to have relevant and accurate access to information at all times.

Document Ingestion

Ingest lending documents from any source or even multiple sources — Dropbox, S3 Object Storage, data lakes and more. Handle large volumes of data of any format, form, and type seamlessly. Scaling processes and flexibly handling any document use case should never be your problem anymore.

Data Extraction

Lending documents can be complex: varying formats, encodings, scans of images, numbered sections, and complex tables. Unstract leverages AI to understand, process, and extract data with high accuracy levels and outputs in both human and machine-readable formats.

Data Validation

Unstract enables you to trust the data extracted from the documents by assigning confidence scores. Metrics related to correctness, relevance, and toxicity help you decide how to consume data in downstream systems.

Downstream integration

In goes underwriting documents and out comes beautifully structured JSON or a downloadable Excel file format. The extracted data can be readily consumed across custom applications, stored in data warehouses or sent to your reporting and analytics tools.

No need to rip and replace your existing systems.

Unstract is built to seamlessly integrate with your existing infrastructure, claims workflows, and team structure.

INSURANCE AUTOMATION USE CASES

Rethinking Automation in the Insurance Industry

Unstract helps improve operational efficiency by automating critical insurance workflows in claims processing and underwriting. Unstract easily integrates and scales with your present infrastructure and insurance workflows.

Mortgage Origination

No more time-consuming manual, error-prone data retrieval. Improve the speed and accuracy of loan underwriting with the power of AI.

Customer Onboarding (KYC)

Unstract enables critical data retrieval at high accuracy. This enables underwriters to verify and onboard customers faster.

Consumer & Corporate Lending

Learn how Unstract’s AI-powered document processing enables better and faster lending decisions with improved risk mitigation.

Credit decisioning

Reduce turnaround times and improve document processing accuracy for faster and more efficient credit decisioning processes.

Insurance Triaging

Learn how Unstract’s AI-powered insurance triaging automation helps improve accuracy, reduce claims leakages, and improve profitability.

Commission payments

No more unscalable, manual and error-prone commission management that takes more resources, effort, and time.

Other use cases supported.

One versatile solution to process insurance documents of any type

Secure and Compliant, Always

Unstract adheres to the strict rules and regulations of various compliance authorities. Rest assured, we have policies, systems, and processes to ensure that your data is always safe, secure, and private.

Begin your AI driven finance automation today.