The ABBYY Vantage Closing Disclosure document skill is an AI model that extracts data from closing disclosure forms, which are five-page reports containing the following information about a mortgage loan: the terms and size of the loan, the interest rate and loan fees, closing costs, monthly payments, and the total amount of all payments and financing fees. Closing disclosure forms are issued at least three days before the mortgage documents are signed.

The Closing Disclosure 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 closing disclosures. 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 closing disclosure documents and extracts relevant data (date of issue, closing date, file number, property address, borrower name and address, seller name and address, loan term, type, amount etc.). For a full list of extracted fields, please see the skill documentation.
• Business rules for data validation 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.