Insurance tracking is an important function of mortgage lenders to protect their collateral. Every auto and home owner policy change triggers a notification to the lienholder on the file.
Lenders process millions of lienholder and mortgagee notifications that are in unstructured formats like PDF, Scanned images and hence spend significant amount of manual effort to enter the information into their lending systems.
The CogniSure AI platform is trained to recognize the most common lienholder & mortgagee notifications ( GEICO, StateFarm, Lexus Nexus, DXC, CV-Exchange etc) and can extract data from these TIFF images using ML/AI algorithms with 95% accuracy levels.