Structure, Normalize, & Navigate Loan Files · • VA 1805 Request for De • VA Certificate of...
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© Copyright StoneHill Group, Inc. 2019 Structure Normalize Navigate Two-tier classifica- tion labels are used to provide consistent bookmarks for most efficient access (see inside). Bookmarks can be stacked in the same order across all loan files for even more consistent access (see inside). Documents needed for specific tasks can be placed under a top-level bookmark devoted to that task. Search e entire loan file is text-searchable. Visual Classification Most tasks that involve working with mortgage loan files could be scripted by saying something like, "Go to Docu- ment Type A, pull data element X, and place it in Field Z in the Loan Originaon System." If direcons like those could be automated accurately, the data in the LOS would reflect the underlying documenta- on and analysts could avoid spending me in the actual file. Unfortunately, accurate, comprehensive document classificaon has been difficult to achieve in pracce using text-based rules, scripts, and exemplars. It required new technology. The StoneHill Group is the first mortgage services provider to have implemented visual classificaon technology from BeyondRecognion LLC ("BR"). While BR uses mulple technologies to classify documents and idenfy document boundaries, the core classificaon technology uses visual classificaon to group visually similar pages. Like facial recognion, fingerprinng, or self-driving vehicles, visual classificaon is text agnosc. In fact, even documents with completely different languages can fall in the same clusters if they are visually similar. Visual classificaon has two significant advantages: 1.) The clusters of visually similar pages are self-forming. The data describes itself. SMEs are not expected to know which document types are present and how to differen- ate one type from another. 2.) The clustering is, as menoned above, text agnosc, and is not dependent on OCR quality. To show how classificaon can be accomplished without being able to read the text of documents, consider the 12 thumbnail images in the right column of documents classi- fied as Closing Disclosures. It's easy to see that the first 11 examples have the same layout, but that the 12th example would fall into a differ- ent cluster. In fact, there can be over a thousand different visually similar clusters that receive the same classifica- on. The StoneHill Group has devoted thousands of hours to developing and tuning the two-er mortgage document classificaon tree, dramacally cung the me to imple- mentaon. More Informaon For more informaon on how StoneHill Group can help you solve the challenges you face processing mortgage loan files, contact us at info@stonehill- group.com. Mortgage Driver Structure, Normalize, & Navigate Loan Files (AND make them searchable — quickly and efficiently) TM
Transcript of Structure, Normalize, & Navigate Loan Files · • VA 1805 Request for De • VA Certificate of...
© Copyright StoneHill Group, Inc. 2019
Structure
Normalize
Navigate
Two-tier classifica-tion labels are used to provide consistent bookmarks for most efficient access (see inside).
Bookmarks can be stacked in the same order across all loan files for even more consistent access (see inside).
Documents needed for specific tasks can be placed under a top-level bookmark devoted to that task.
SearchThe entire loan file is text-searchable.
Visual ClassificationMost tasks that involve working with mortgage loan files could be scripted by saying something like, "Go to Docu- ment Type A, pull data element X, and place it in Field Z in the Loan Origination System."
If directions like those could be automated accurately, the data in the LOS would reflect the underlying documenta- tion and analysts could avoid spending time in the actual file. Unfortunately, accurate, comprehensive document classification has been difficult to achieve in practice using text-based rules, scripts, and exemplars. It required new technology.
The StoneHill Group is the first mortgage services provider to have implemented visual classification technology from BeyondRecognition LLC ("BR"). While BR uses multiple technologies to classify documents and identify document boundaries, the core classification technology uses visual classification to group visually similar pages. Like facial recognition, fingerprinting, or self-driving vehicles, visual classification is text agnostic. In fact, even documents with completely different languages can fall in the same clusters if they are visually similar.
Visual classification has two significant advantages:
1.) The clusters of visually similar pages are self-forming. The data describes itself. SMEs are not expected to know which document types are present and how to differenti-ate one type from another.
2.) The clustering is, as mentioned above, text agnostic, and is not dependent on OCR quality.
To show how classification can be accomplished without being able to read the text of documents, consider the 12 thumbnail images in the right column of documents classi-fied as Closing Disclosures.
It's easy to see that the first 11 examples have the same layout, but that the 12th example would fall into a differ- ent cluster. In fact, there can be over a thousand different visually similar clusters that receive the same classifica- tion.
The StoneHill Group has devoted thousands of hours to developing and tuning the two-tier mortgage document classification tree, dramatically cutting the time to imple- mentation.
More InformationFor more information on how StoneHill Group can help you solve the challenges you face processing mortgage loan files, contact us at [email protected].
Mortgage DriverStructure, Normalize, & Navigate Loan Files
(AND make them searchable — quickly and efficiently)
TM
AFDVT • Misc • Name Affidavit • Occupancy Affidavit • Occupancy and FinancAGREE • Earnest Money Deposit • Fees at Application • Hold Harmless • Lease Rental • Loan • Lock • Lock In • Modification • PurchaseAPPL • Addendum To Uniform Residential Loan • Demographic Info Ad • HUD VA Addendum to • LoanAPPR • AVM Report • Acknowledgement • Appraised Value • Builder Information • Builder or Home Warra • Certificate of Occupan • Collateral Desktop Ana • Conditional Commitm • Conditional Commitm • Condominium Project • Condominium Questio • Coop Agreement • Desk Review • Draw Schedule • Fannie Mae UCDP Sub • FEMA Search • Inspection Report • Legal Description • LoanSafe Report • Misc • Notice of Right To Cop • Plans • Private Road Agreeme • Property Inspection W • ReportASSGN • MERSBOND • Down Payment Assista • VHDA Award LetterBRRWR • Authorization to Relea • Borrower Authorization • Borrowers Certification • Customer Identificatio • Misc • Nearest Living Relative • Proof of Citizenship • Property Address Certi • Social Security NumbeCLSNG • Addendum to HUD1 Se • Amortization Schedule • Change of Circumstan • Closing Instruction Ad • Escrow Loan Agreeme • Escrow Notice • Good Faith Estimate • Itemization of Amoun • Misc • Name Affidavit • Settlement Statement
• Survey • Tax Information SheetCONV • Tax ReturnCREDT • Bankruptcy Document • Cancelled Checks • Credit Card Statement • Credit Inquiry Informati • Credit Report Invoice • Generic Credit Report • Joint Credit Affidavit • Mortgage Statement • Payoff Statement • Statement of Credit De • Student Loan Statemen
• Verification of Rent or MDISC • ARM • Acknowledgement of R • Acknowledgement of R • Advanced Fee • Affiliated Business Arra • Anti-Steering • Appraised Value • Application • Change of Circumstanc • Choice Attorney • Choice Hazard Insurance • Closing Disclosure • Closing Disclosure Add • Credit Score • ECOA Notice • Energy Efficient • FACT Act Notice To The • Fair Credit Disclosure Act • Fair Credit Reporting Act • Fair Lending Notice • Flood Hazard Notice • Hazard Insurance Requ • Home Loan Toolkit • Homeownership Couns • Homeownership Couns • HUD Counseling Disclos • HUD Informed Consume • Intent To Proceed • Interest Rate • Lead Paint • Lender Fee • Loan Disbursement Inst • Loan Estimate • Loan Options • Misc • Mortgage Fraud • Mortgage Insurance No • Mortgage Insurance No • Notice of Action Taken • Notice of Assignment Sa • Notice of Negative Infor • Notice of Right to Cancel • Notice of Value • Patriot Act • Privacy Policy • Rate Lock • Receipt Certification • Seller Closing Disclosure • Servicing Statement • State Forms • Tangible Net Benefits • TIL Fixed • TILA-RESPA Integrated D • Tracking Sheet
• VA Federal Collection PESCRW • Closing Instructions • Initial Account Stateme • Refund Authorization • WaiverFCON • FHA Connection Appra • FHA Connection CAIVR • FHA Connection Case - • FHA Connection Case N • FHA Connection Case Q • FHA Connection Insura • FHA Connection PurchaFUND • Earnest Money Receipt • Wire Confirmation • Wiring InstructionsGOVT • 203K Documents • Amendatory Clause • D • FHA Identity of Interest • FHA Real Estate Certific • For Your Protection Get • Homebuyer Summary • HUD 92800 5B • Important Notice to Ho • LAPP VA Request for De • Military Status Report • No HUD Warranty • Notice to Homebuyer A • Request for Certificate o • Rights of VA Loan Borro • Standard Flood Hazard • State Forms • Upfront MIP-VA Fundin • VA 1805 Request for De • VA Certificate of Eligibil • VA DD214 • VA IRRRL Statement • VA LAAP • VA Leave and Earning S • VA Loan Analysis • VA Loan Summary Shee • VA Rate Reduction Cert • VA Report and Certifica • Verification of VA BenefINCO • Bank Statement • Bill of Sale • Bond Program • Divorce Decree or Sepa • Pay Stub • Retirement Account Sta • SSA Award Letter • Verification of Deposit • Verification of EmploymINS • Flood Insurance • Insurance Policy Home • Lien Search • MI Certificate Generic • Misc • Title Commitment • Title Insurance Policy • Title Policy Endorsemen • Transmittal for Payment Upfront Mortgage Insurance PremiumINSPEC • Get A Home Inspection • TermiteLTTRS • Bailee • Closing Protection
• First Payment • Gift • Letter of Explanation • Loan Approval • Misc • PrequalificationNOTE • Note • Note AllongeRIDER • ARM • Condominium • Manufactured Home • PUD • VA Assumption Policy • Waiver of Borrower’s RightsSECINST • Deeds • ExhibitsSPRT • Compliance Ease Report • Consumer Handbook on ARM • DRIVE Report • Fannie Mae UCDP Submission Summary Report • Fraud Guard • Internet Searches • Invoice • LDP GSA Certification Statement • Mavent • Misc • NMLS Consumer Access • Settlement Services Provider List • USPS Zip Code LookupTAX • All Other IRS Forms • All Other State Forms • Balance Sheet • Form 1099 • Form 4506 • Misc • Mortgage Tax Information • P-L Statement • Property Tax Bill • Schedule K1 • Tax Certificate • Tax Transcript • W2 • W9USDA • Conditional Commitment For Single Family Housing Loan Guarantee • Request For Single Family Housing Loan GuaranteeUW • DU Findings • FHA Loan Underwriting • GUS Findings • LP Findings • Loan Approval UW Decision • Loan Closing Advisory Feedback Certificate • Loan Payoff • Loan Statement • Misc • Suspense Notice • Underwriting Approval Commitment • Uniform Underwriting and Transmittal SummaryWRKSHT • Ability to Repay
• Income Analysis Worksheet • Loan Estimate • Misc • Tangible Net Benefit Disclosure
Two-Tier Industry-Standard Document Classification TreeClassifications are used to create bookmark labels. Each classification can point to multiple visually-similar clusters, e..g, there are over 1,500 clusters of closing disclosures. The classification tree can be customized by clients.
Data Entry • DISC-Closing Disclosure• ESCRW-Closing Instructions • UW -DU Findings • FCON-FHA Connection Case Number Assignment Results • UW-FHA Loan Underwriting • CREDT-Generic Credit Report• APPL-Loan • SPRT-Mavent/Compliance Ease • INS-MI Certificate Generic • WRKSHT-Misc • NOTE-Note • AGREE-Purchase • APPR-Report • INS-Title Commitement • INS-Title Policy • UW-Uniform Underwriting and Transmittal Summary • GOVT-VA Loan AnalysisApplication/Processing • GOVT-Amendatory Clause • BRRWR-Borrower Authorization • APPL-Demographic Info Addendum • GOVT-For Your Protection Get a Home Inspection • SPRT-Fraud Guard • APPL-HUD VA Addendum to Uniform Residential Loan • GOVT-Important Notice to Homebuyers • DISC-Lead Paint • APPL-Loan • APPL-Loan • BRRWR-Proof of Citizenship • AGREE-PurchaseAppraisal • APPR-AVM Report • APPR-Builder Information • APPR-Builder-Home Warranty • APPR-Certificate of Occupancy • APPR-Collateral Desktop Analysis Form • APPR-Condo Project Manager • APPR-Condominium Questionnaire • APPR-Coop Agreement • APPR-Desk Review • APPR-Draw Schedule • APPR-Fannie Mae UCDP Submission Summary Report • APPR-FEMA Search • FCON-FHA Connection Appraisal Loggin Results • FCON-FHA Connection Case Number Assignment Results • GOVT-HUD 92800.5B • Appr-Inspection Report • APPR-Inspection Report • APPR-Misc • DISC-Notice of Value • DISC-Notice of Value • APPR-Plans • APPR-Private Road Agreement • APPR-Property Inspection Waiver • APPR-Report • APPR-Report • GOVT-Standard Flood Hazard Determination • INSPEC-Termite• GOVT-VA Lapp
Assets • INCO-Bank Statement • INCO-Bill of Sale • INCO-Bond Program • AGREE-Earnest Money Depost • LTTRS-Gift • LTTRS-Letter of Explanation• LTTRS-Misc• INCO-Retirement Account Statement• INCO-Retirement Account Statement • INCO-Verification of DepositCredit • CREDT-Bankruptcy Document• CREDT-Cancelled Checks • CREDT-Generic Credit Report • CREDT-Generic Credit Report • LTTRS-Letter of Explanation • LTTRS-Letter of Explanation • LTTRS-Letter of Explanation • LTTRS-Letter of Explanation • INS-Lien Search • CREDT-Mortgage Statement • CREDT-Verification of Rent or MortgageEmployment • SPRT-Internet SearchIncome • TAX-All Other IRS Forms • TAX-All Other IRS Forms • TAX-Balance Sheet • WRKSHT-Cash Flow Analysis • TAX-Form 1099 • TAX-Form 1099 • TAX-Form 4506 • WRKSHT-Income Analysis Worksheet • AGREE-Lease Rental • LTTRS-Letter of Explanation • GOVT-Military Status Report • LTTRS-Misc • LTTRS-Misc • INCO-Paystub • TAX-P-L Statement • TAX-Schedule K-1 • BRRWR-Social Security Number Verification • INCO-SSA Award Letter • TAX-Tax Transcripts • GOVT-VA Leave and Earning Statement• INCO-Verification of Employment • INCO-Verification of Employment • TAX-W-2Liabilities • CREDT-Credit Card Statement • INCO-Divorce Decree - Separation Notice • LTTRS-Loan Approval • CREDT-Misc • TAX-Misc • LTTRS-Misc • CREDT-Payoff Statement • CREDT-Student Loan StatementMISC
• MISCQM Loans • WRKSHT-Ability to Repay • SPRT-Compliance Ease Report • SPRT-Mavent • WRKSHT-MiscState Disclosures • DISC-State FormsTRID Closing General • ESCRW-Closing Instructions • SECINST-Deeds • INS-Flood Insurance • ESCRW-Initial Account Statement• INS-Insurance Policy Homeowners • INS-MI Certificate Generic • INS-Misc • DISC-Mortgage Insurance Notice • NOTE-Note • DISC-Notice of Right to Cancel • DISC-Patriot Act • INS-Title Commitement • INS-Title Policy• GOVT-Upfront MIP-VA Funding Fee ReceiptTRID Closing Rate - Fees • DISC-Closing Disclosure • AGREE-Lock In • WRKSHT-Misc• TRID Compliance - CD • DISC-Closing Disclosure • DISC-Misc • DISC-Misc • DISC-Seller Closing Disclosure • DISC-Settlement Certification • ESCRW-WaiverTRID Compliance - LE • DISC-Affiliated Business Arrangement • DISC-ARM • CLSNG-Change of Circumstance • SPRT-Consumer Handbook on ARM• DISC-Fair Credit Reporting Act• DISC-Home Loan Toolkit • DISC-HUD Counseling Disclosure • DISC-HUD Informed Consumer Choice • DISC-Loan Estimate • DISC-Notice of Intent to Proceed • DISC-Privacy Policy • SPRT-Settlement Services Provider List• DISC-Tracking SheetUnderwriting • APPL-Addendum to Uniform Residential Loan • USDA-Conditional Commitment For Single Family Housing Loan Guarantee • UW-DU Findings • UW-DU Findings• FCON-FHA Connection CAIVRS Authorization • UW-FHA Loan Underwriting • UW-GUS Findings • APPL-HUD VA Addendum to Uniform Residential Loan• SPRT-LDP GSA Certification Statement• UW-LP Findings
Stacking Order Specifies Order & Nesting of ClassificationsClients can specify how bookmarks for classifications are to be nested and ordered for the most efficient processing of specific tasks or use cases. These are just examples:
See back page for information on how visual classification provides the technical ability to achieve consistent classification of document types.
