Rocket Close Transforms Mortgage Document Processing with AWS AI
Rocket Close developed an intelligent document processing solution using Amazon Textract and Amazon Bedrock, achieving 90% accuracy and 15x faster processing.
Why it matters
This AI-powered solution helps Rocket Close improve efficiency and accuracy in mortgage document processing, which is a critical part of the mortgage industry.
Key Points
- 1Rocket Close partnered with AWS GenAIIC to build the intelligent document processing solution
- 2The solution uses Amazon Textract for OCR and Amazon Bedrock for foundation models
- 3It achieves 90% accuracy in document segmentation, classification, and field extraction
- 4The process is 15 times faster compared to previous methods
Details
Rocket Close, a mortgage technology company, has transformed its document processing capabilities by leveraging Amazon Textract for optical character recognition (OCR) and Amazon Bedrock for foundation models (FMs). Through a strategic partnership with the AWS Generative AI Innovation Center (GenAIIC), Rocket Close developed an intelligent document processing solution that has significantly reduced processing time, making the process 15 times faster. The solution achieves a strong 90% overall accuracy in document segmentation, classification, and field extraction, enabling Rocket Close to streamline its mortgage document processing workflows.
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