Google Cloud launches Lending DocAI, its first dedicated mortgage industry tool
https://techcrunch.com/2020/10/19/google-cloud-launches-lending-docai-its-first-dedicated-mortgage-industry-tool/
Google Cloud today announced the launch of Lending DocAI, its first dedicated service for the mortgage industry. The tool, which is now in preview, 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.
Some of this may sound familiar, because, with Document AI, Google Cloud already offers a more general tool for performing OCR over complex documents and then extracting data from those. Lending DocAI is essentially the first vertically specialized Google Cloud service to use this technology.