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How Banks Are Using AI for Document Intelligence

South State Correspondent

Banks are full of documents. Each document contains an extensive array of data. Then there are vendor contracts, employment agreements, statements of work, loan documents, financial statements, tax returns, deposit account documents, policies, and an array of similar applications.

Data 448
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Industries Document Generation

Perficient

Every company needs documents for its processes, information, contracts, proposals, quotes, reports, non-disclosure agreements, service agreements, and for various other purposes. Document creation and management is a crucial part of their operations. What is Industries Document Generation? How to generate documents?

Industry 346
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How Banks Are Using AI for Document Intelligence

South State Correspondent

Banks are full of documents. Each document contains an extensive array of data. Then there are vendor contracts, employment agreements, statements of work, loan documents, financial statements, tax returns, deposit account documents, policies, and an array of similar applications.

Data 74
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Expand your search using AWS native services to identify, comprehend and securely store documents.

Perficient

The document debacle. Companies continue to fight the battle of the age-old problem: paper documents. Adapting to document modernization to expand the ability to search, catalog and protect HIPAAPII data is paramount. It is based on the Apache Lucene engine and is suitable for large document indexing and search capabilities.

Security 421
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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Learn how innovative technology can automate portfolio loan documentation, ensuring efficiency and compliance.

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New document AI helps mortgage lenders work smarter and faster

Accenture

In the mortgage industry, early adopters of document automation technologies were underwhelmed with the results of their investment. They have little in common with early optical character recognition (OCR), which was able to classify only very simple and structured documents. Today’s advanced AI solutions are changing that perception.

Industry 343
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Cloud Pak and IBM Automation Document Processing: It’s more than AI and ML

Perficient

As our clients continue their digital transformation journeys, challenges with traditional document capture solutions are coming to the forefront. IBM Automation Document Processing. The new document processing capability for the IBM Cloud Pak for Automation is a new way of thinking about document capture and data verification.

Training 322
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How to Choose the Best Automated Documentation System for Commercial Loans

That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs. Automated tools are making it possible to keep up with demand while also ensuring compliance, but it is important to remember that not all solution providers are created equal.

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Next-Gen Loan Document Automation in Private Lending

As banks pull back, private lenders charge forward. In today's dynamic financial landscape, private lenders are facing a once-in-a-generation opportunity and they are embracing the transition from first-gen to next-gen workflows.

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What Lenders Need To Know: Increase of Standardized Loan Rejections

As the CRE market continues to tighten, the rejection of substandard loan documentation is on the rise. As lenders work to accelerate loan documentation to meet demand, they are often dealing with substandard automated loan documentation, which runs the risk of having loan documents challenged.

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The 2024 Lenders Guide to Automating the Complex Loan

This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. Glimpse the future of lending as FIs transition from a high-cost and slow attorney process to technology that generates commercial loan documents faster while ensuring they are complete, compliant, and accurate.

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Trust the Software! Doc Gen Automation

Learn what your attorney’s objections are about going digital for document generation and why they do, can, and should trust the software. Truth vs. Reality. Uncover why your CRE attorneys trust the software. Get the eGuide Today!

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Learn how to generate compliant closing documents in minutes, streamline operations, and reduce risks. Embrace a future of faster turnarounds, improved document quality, and seamless loan adjustments by downloading our eBook for more details.

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The Lenders Guide to Automating Complex Loans

This comprehensive guide provides commercial lenders with key insights into automating small-balance, mid-market, and large-cap loan documentation with advanced technology. Check out the guide and get your custom ROI!

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Case Study: Automating Loan Growth

Our case study reveals how this rapidly growing wholesale mortgage company partnered with GoDocs to automate commercial loan document preparation, scale operations nationwide, and slash legal fees by over $300,000 per month. Want to see how theLender transformed its commercial lending process, tripled loan volume, and saved millions annually?