Form 710 Fannie Mae

Speed up Form 710 processing with Docsumo’s Automated Data Extraction API

Simplify form 710 processing with Docsumo’s intelligent OCR API. Extract and organize data 10 times faster with 99% accuracy. Minimal setup, intelligent extraction, smart validation & easy integration.

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Challenge

Form 710, also known as uniform applicant assistance form, contains the information about the income, expenses, and assets of the applicant in a semi-structured form to be considered for available solutions. Extracting data accurately from semi-structured form form-710 in real-time poses challenges for lenders.

The fact that there are several variations of the form based on their structure and layout are used makes it difficult for the automated data extraction tools as well to extract and process this data without any error.

Solution

With Docsumo, free up your essential resources by automating form 710 processing with 99% accuracy.

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Standard fields that are extracted

You can easily add, delete and move any field.

Applicant’s Details

Loan Number

Property Address

Name

Address

Contact Number & Email

Hardships

Type of Hardship

Duration

Beginning Date

Income & Assets

Gross Wage & Salary

Self-employed Income

Unemployment Benefit Income

Social Security

Retirement Funds

Savings & Funds

Docsumo Advantage

70%

Cost Reduction

Halve your cost of operations when processing 50k+ statements/month.

99%+

Accuracy

Reduce manual errors and get precise data

< 30 sec

Processing Time

Reduce turnaround time from hours to minutes.

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Tell us where you are today

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This is what your document processing operations could look like tomorrow

Based on real benchmarks from Docsumo customers, this is what we project for you and your team.

80 %

Straight through
Processing

$ 0

Total Cost
Reduced

< 30 sec

Average
processing time

0 hrs

Total time
saved

$300k

Projected ROI

Features

Build an automated loan approval solution within minutes. Scan form 710 and extract information in real-time without needing technical skills or coding.

Amazingly Fast Processing

It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.

Batch Uploads

Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.

Easily Download Data

Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.

Integrate with API or Webhooks

Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.

Smart Filters

Apply filters for dates, numbers and other regular expressions to extract data in desired format.

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Watch Docsumo in action

We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!