The ABBYY Vantage Loan Application document skill is an AI model that extracts data from Uniform Residential Loan Application Forms 1003, completed as part of mortgage loan applications. A fully completed Form 1003 contains personal information about the borrower and co-borrower, the loan terms, as well as information about the property being financed.

The Loan Application skill is a preview skill. It has been trained on a small document set and is intended to be used by citizen developers as a quick-start basis for processing loan applications. The skill may require further training on your specific documents in order to be used in production scenarios.

• Vantage document skills are extraction models, based on ABBYY's purpose-built AI, designed and trained to extract key data from business documents.
• Preview document skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up. In most preview skills the main data fields have been labeled and the skill has been trained on a small document set to provide a starting point for further training on customer side. Preview skills generally come at no additional cost, but consume page volume from the base Vantage Core Skills volume.
• The AI model automatically detects key fields on loan applications and extracts relevant data (mortgage type, lender case number, borrower's name and SSN, property address, loan amount,  etc.). For a full list of extracted fields, please see the skill documentation.
• Includes validation and data normalization rules. Further business rules can be added as required.
• Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
• Requires further training in order to ensure sufficient accuracy levels on customer-specific documents. Training can be done up-front or during runtime as documents arrive and go through manual verification.