Document type
Intelligent Loan Applications Processing
Process loan applications with high accuracy, extracting borrower details, loan requirements, financial information, and supporting documentation for efficient underwriting.
99.4%Accuracy
90%Time Saved
24/7Processing
Processing Steps
How to Process loan-applications
Follow these simple steps to extract data from your loan-applications
1
Upload Application
Upload loan application forms and supporting documentation
2
Data Extraction
Extract all applicant details, financial information, and loan requirements
3
Verification
Verify information against supporting documents and external data sources
4
Decision Support
Generate comprehensive summaries for underwriter review
Extracted Data
Loan Applications Fields
ParseIQ automatically extracts and validates these fields from your documents
| Field Name | Type | Required | Description | Example |
|---|---|---|---|---|
| applicationId | string | Yes | Unique identifier for the loan application | N/A |
| applicationType | string | Yes | Type of loan being applied for (personal, business, auto, etc.) | N/A |
| submissionDate | date | Yes | Date when the application was submitted | N/A |
| borrowerType | string | Yes | Type of borrower (individual, business, joint, etc.) | N/A |
| primaryBorrower | object | Yes | Personal information about the primary borrower | N/A |
| coBorrowers | array | No | Information about any co-borrowers | N/A |
| loanAmount | number | Yes | Requested loan amount | N/A |
| loanPurpose | string | Yes | Purpose for the loan | N/A |
| loanTerm | number | Yes | Requested term of the loan in months | N/A |
| interestRateType | string | Yes | Type of interest rate (fixed, variable, etc.) | N/A |