1.19.3 Loan Origination by Machine Learning
This process helps the user to initiate the Bilateral Loan Origination process with the support of Machine Learning. On uploading the Loan Details Agreement, the machine learning job automatically analyses the document, extract its contents and creates a Loan Origination task. This process also fills in the extracted information in the respective fields of the applicable data segments. This task is available in the task pool, enabling user to take forward for further evaluation and approvals.
Initiating Machine Learning Process for Loan Origination
How to reach here: Machine Learning >Document Upload
Machine Learning Process for Loan Origination can be initiated by giving the basic registration details in the Initiation screen, provided you have the required access rights.
Description of the illustration loan_details_agmnt.pngYou need to go to the above specified menu option and select
the file to upload. Once the Loan Details Agreement is selected, the
system reads the document and displays the content of the document.
Select the appropriate Document Type from the drop-down and click
Upload to initiate the task.
Upon submitting the document ML process parses the document and initiate the Loan Origination process and the task is available in My Task of the user to proceed further. In case if the ML process is unable to initiate the Loan Origination process, then the task is available in Free Task in manual correction stage. You can acquire the task and manually fill in the required details to initiate the process. The task moves to My Task upon providing the right information, to proceed further with the additional information.
Related Topics
Parent topic: Natural Language Processing