This blog provides a concise yet comprehensive overview of data extraction and the entire mortgage underwriting process. Using the Fannie Mae/Freddie Mac Form 710 as an example, we will delve into the detailed workflow of mortgage underwriting and explore various methods to automate these processes. Our aim is to simplify complex concepts and guide

Optical Character Recognition (OCR) technology transforms images of text into machine-readable text, making it important for data extraction tasks like Intelligent Document Processing.  Despite its utility, OCR has limitations. It doesn't understand the background of a document but relies on distinguishing text pixels from the background and re