Book Image

Intelligent Document Processing with AWS AI/ML

By : Sonali Sahu
Book Image

Intelligent Document Processing with AWS AI/ML

By: Sonali Sahu

Overview of this book

With the volume of data growing exponentially in this digital era, it has become paramount for professionals to process this data in an accelerated and cost-effective manner to get value out of it. Data that organizations receive is usually in raw document format, and being able to process these documents is critical to meeting growing business needs. This book is a comprehensive guide to helping you get to grips with AI/ML fundamentals and their application in document processing use cases. You’ll begin by understanding the challenges faced in legacy document processing and discover how you can build end-to-end document processing pipelines with AWS AI services. As you advance, you'll get hands-on experience with popular Python libraries to process and extract insights from documents. This book starts with the basics, taking you through real industry use cases for document processing to deliver value-based care in the healthcare industry and accelerate loan application processing in the financial industry. Throughout the chapters, you'll find out how to apply your skillset to solve practical problems. By the end of this AWS book, you’ll have mastered the fundamentals of document processing with machine learning through practical implementation.
Table of Contents (16 chapters)
Part 1: Accurate Extraction of Documents and Categorization
Part 2: Enrichment of Data and Post-Processing of Data
Part 3: Intelligent Document Processing in Industry Use Cases

Automating mortgage processing data capture and data categorization with IDP

Before diving deep, let’s first understand how mortgage companies and mortgage loan application processing work.

Anyone that has bought a house has most likely gone through the mortgage process. It is the time between applying for a home loan and closing the process. During the process, the lender verifies and confirms the buyer’s credit record, and checks for the accuracy and completeness of records before approving the loan. Mortgage processing consists of multiple stages, such as the collection of all documents, loan application processing, underwriting, and closing. During the process, a loan processor or underwriter assembles all the required documents, then administers and processes the loan application paperwork. The mortgage processor, or loan processor, collects all the required documents and guides the buyer in finalizing all the paperwork. The steps can be quite complex, but the...