Connect with us


Google Cloud unveils mortgage industry tool Lending DocAI



Google Logo

Global tech leader, Google, through its Google Cloud division, has today unveiled Lending DocAI, a new product thought to be its first dedicated service for the mortgage industry.

Download & Install The New ANE Android App To Your Device
Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You.

According to press, the tool is meant to help mortgage companies speed up the process of evaluating a borrower’s income and asset documents, using specialized machine learning models to automate routine document reviews.

While this to some extent may sound familiar as DocumentAI, from Google Cloud, already offers a more general tool for performing OCR over complex documents, Lending DocAI, on the flip, is essentially the first vertically specialized Google Cloud service to use this technology.

In an interview with press, Google spokesman and product manager Sudheera Vanguri noted that the idea was to enhance mortgage services as a people-focus company.

He said: “Our goal is to give you the right tools to help borrowers and lenders have a better experience and to close mortgage loans in shorter time frames, benefiting all parties involved.”

In addition, Google stated that it also hoped to cut down on processing time to balance activities in a fast pace economy. “With Lending DocAI, you will reduce mortgage processing time and costs, streamline data capture, and support regulatory and compliance requirements,” he added.

Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment

Click to comment
Notify of
Inline Feedbacks
View all comments

Don’t Miss!

Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.

Latest Exchange Rate

Donate To ANE!

Mind buying a coffee to support us here at All Naija Entertainment?. Yes?

Donate Now

ANE Billboard Hots!