Case Study: CFG Bank achieves error-free, standardized loan data extraction with AutomationEdge's DocEdge

Superfast and Error-free Loan Data Extraction & Standardization for CFG Bank with DocEdge

CFG Bank, a Baltimore-based community bank, struggled with time-consuming, error-prone loan underwriting because balance sheets and profit & loss documents arrived in varied formats and high volumes, causing delays and service strain during peak hours. They engaged AutomationEdge and its DocEdge Intelligent Document Processing solution to standardize and speed up loan document processing.

AutomationEdge implemented a bot-driven DocEdge workflow that monitors folders, uses intelligent OCR to extract headers, line items and footers from PDFs and XLS inputs, massages data into a unified format, and delivers standardized XLS outputs to underwriters. The AutomationEdge solution eliminated manual consolidation, reduced average handling time and manual effort, and delivered near error-free loan data extraction and faster underwriting turnaround for CFG Bank.

CFG Bank