MORTGAGE DEED PROCESSING for Tech Consultancy

20x

faster

95%

Time-reduction

13.3

ROI

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Client

U.S. Tech Consultancy

Goal

Accurately extract key data from U.S. mortgage deeds

CHALlENGE Overview

The post-closing process for mortgage loans consists of several procedures to ensure that the information on all trailing documents such as mortgage deeds, lender’s title policy, and deeds of trust is verified, accurate and consistent.

Mortgage deeds in particular contain over 20 important items (borrower name, mortgage amount, document no., etc.) that are mixed across a dozen of unstructured pages. While traditional processes require humans to manually review and record this data, SinguAI automatically extracts and digitizes these data in a consistent format to

  1. Compare and validate extracted data across documents and to other data sources
  2. Ensure all information is compliant with local, state, and federal regulations
  3. Quicky and easily share data with all parties involved, including county property records’ offices



WHAT WE DID

Singularity trained a model with ~95% accuracy to extract key data from mortgage deeds across 3000 counties, each with different layouts and terms. It took around 3min initially for one of our team members to label each document with our platform (compared to 10min manual entry by data clerks) and only 30 seconds to label the data with the help of our AI model. 

Business value