Unlocking eSignature Legality for Home Loan in UAE with airSlate SignNow

How to eSign a document: eSignature legality for Home Loan in UAE

SPEAKER: Buying a house and securing a mortgage requires a tremendous amount of paperwork and data from the borrower that the lender needs to make decisions. Lending institutions like banks and mortgage brokers process hundreds of pages of borrower paperwork for every loan, a heavily manual process that adds thousands of dollars to the cost of issuing a loan. Now there is a better way. Lending DocAI is here to improve the home loan experience for both borrowers and lenders by leveraging Google's state-of-the-art AI to automate the document data capture process for loan origination and mortgage servicing, reducing the time and cost of issuing a loan. Lending DocAI can fast-track the home loan process from weeks to days by reducing the complexity of document ingestion, improving operational efficiency, while ensuring speed and data accuracy. Once a document is uploaded into the Document AI platform, which Lending DocAI is built on, it extracts information from the form like names, wages, and Social Security numbers. Easily create and customize document processing workflows, enabling an end-to-end document solution. Enable human review of predictions to improve AI accuracy and accountability. Lending DocAI is a purpose-built solution for the mortgage industry. It uses specialized, pretrained DocAI parsers with advanced optical character recognition, computer vision, and natural language processing to ensure that the structured data is highly accurate. By default, Google support will not have access to any customer data or applications, keeping borrowers' information secure. By leveraging a technology stack focused on security and trust, lenders can feel confident about meeting regulatory and compliance requirements. Plus, by automating much of the review process, mortgage servicers will have more time to focus on value-added decisions versus data entry, giving borrowers and lenders a better experience and closing more mortgages on time. It's time to accelerate the mortgage processing experience. [MUSIC PLAYING]