How does a document extraction API support lending portals?
A document extraction API supports lending portals by turning borrower uploads into structured fields that underwriting, fraud, and servicing workflows can use.
Short answer
A document extraction API supports lending portals by turning borrower uploads into structured fields that underwriting, fraud, and servicing workflows can use.
What this means in practice
A document extraction API for lending portals typically handles bank statements, IDs, proof of address, pay stubs, tax returns, business documents, and supporting schedules.
The API should preserve source evidence, confidence scores, validation results, and review actions so credit decisions remain explainable.