Amazon Textract launches Analyze Lending to accelerate loan document processing
Amazon Textract is a machine learning service that automatically extracts text, handwriting, and data from any document or image. Today, we’re excited to announce the availability of Textract’s Analyze Lending feature, an API that helps customers automate mortgage document processing to drive business efficiency, reduce costs, and scale quickly.
Amazon Textract is a machine learning service that automatically extracts text, handwriting, and data from any document or image. Today, we’re excited to announce the availability of Textract’s Analyze Lending feature, an API that helps customers automate mortgage document processing to drive business efficiency, reduce costs, and scale quickly.
Analyze Lending is a managed intelligent document processing API that fully automates the classification and extraction of information from loan packages. Customers simply upload their mortgage loan documents to the Analyze Lending API and its pre-trained machine learning models will automatically classify and split by document type, and extract critical fields of information from a mortgage loan packet.
Analyze Lending will be available US East (N. Virginia), US East (Ohio), US West (Northern California), US West (Oregon), GovCloud (US-East), GovCloud (US-West),Canada (Central), Europe (London), Europe (Paris), Europe (Ireland), Europe (Frankfurt), Asia Pacific (Singapore), Asia Pacific (Sydney), Asia Pacific (Seoul), and Asia Pacific (Mumbai) starting November 28th, 2022.
To get started, log on to the Amazon Textract console to try out the new feature. To learn more about Textract capabilities, please visit the Amazon Textract website, developer guide, or resources page.