Google Cloud launches Lending DocAI to streamline mortgage applications with AI
Google today unveiled Lending DocAI, a specialized Google Cloud solution for the mortgage industry that ostensibly provides “industry-leading” accuracy for documents relevant to lending and processing income. The company says the solution can reduce mortgage processing times, streamline data capture and enrichment, and support various regulatory and customer data compliance requirements.
“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,” Google Cloud product manager Sudheera Vanguri said in a statement. “With Lending DocAI, you will reduce mortgage processing time and costs, streamline data capture, and support regulatory and compliance requirements.”