OCR for 1003 Mortgage Forms
Extract and parse data from mortgage forms 1003 with AI-powered OCR software. Speed up your loan approval process with Klippa.
Trusted by 1000+ brands worldwide
Ensure flawless data extraction
Accurately capture predefined fields from 1003 Forms with Artificial Intelligence.
Accelerated workflows with lightning-fast OCR
Reduce the turnaround time of mortgage applications and loan approvals.
Simpler operations, less manual data entry
Automate your mortgage workflows, prevent errors, and enjoy time savings.
How it works
Process 1003 Forms in Just a Few Steps
Instantly capture and convert your Form 1003 data into any structured format for easier integration. Always get the best results with automatic edge detection for more accurate processing.
Send Your 1003 Forms
Scan your mortgage forms with our mobile scanning solution or upload them to our platform in any of the following formats:
.jpg, .jpeg, .png, .pdf, .doc, .docx, .xlsx, .heic, .webp, and more.Extract Data
Choose which data fields you want to extract, such as the borrower’s name, address, income details, or loan amount.
Receive Formatted Output
Thanks to machine learning, you can have your data in a structured format like JSON, XML, or CSV.
Forward Your Data
After transforming your mortgage application data from into a structured format, you can then forward it to your software of choice for further processing.
What Data Fields You Can Capture with Klippa’s Mortgage Form 1003 OCR
Here are a few examples of data fields you can extract. All fields can be fully customizable to your needs. Need to extract additional fields? Let us know!
Klippa DocHorizon
Mortgage Form 1003 OCR Features
Our machine learning technology can automate various mortgage application processes via our IDP platform, APIs and SDKs, streamlining data extraction from 1003 Forms.
Mortgage form 1003 scanning & parsing
Format conversion to structured data
Image to text and JSON with OCR
Extract mortgage application data
Classification of loan applications
Validating Form 1003 data
Financial workflow automation
Digitization of 1003 Mortgage Forms
What Other Financial Documents Can Be Processed?
Apart from 1003 Forms, with Klippa DocHorizon, you can process other types of financial documents, such as receipts, invoices and payslips. Contact us for more information.
How to Implement
Automate Mortgage Form 1003 Processing With Software
Klippa provides easy integration via our platform, API, or SDK, and broad compatibility with major platforms and tools. Our well-documented solutions guarantee a hassle-free and smooth experience.
Low-Code Platform
Easily create & automate your entire document workflow on one IDP platform.
API Integration
Connect our document parsing module to your own application(s) via API.
Mobile Scanning SDK
Employ our SDKs to empower your mobile applications with smart scanning.
We Take Your Data Privacy & Security Seriously
“It is extremely pleasant to work together with a party that is as ambitious as we are. The willingness and speed with which Klippa implemented specific modifications for us is impressive.”
Let’s begin!
Discover the power of Klippa’s Mortgage Form 1003 OCR, as our experts help you revolutionize your document processing.
Frequently Asked Questions
How much does mortgage form 1003 processing cost?What types of mortgage form 1003 are supported?Is extraction of mortgage form 1003 lines supported?How long does mortgage form 1003 OCR processing take?Can Klippa convert mortgage form 1003 to CSV, XLSX, XML or JSON?Is Klippa mortgage form 1003 processing GDPR-compliant?
How much does mortgage form 1003 processing cost?
The pricing structure for Klippa depends on the amount of fields and the scanning volume. Both pay per use and monthly licenses are available. Get in contact with our solution architects to get an exact quote.
What types of Mortgage Form 1003 are supported?
Klippa can extract all information from bank statements using OCR. We support languages in the Latin, Greek and Hebrew alfabet. We provide out of the box support for major banks and provide custom support to other banks by training our existing machine learning algorithms.
Did you know that apart from Mortgage Form 1003, Klippa OCR can scan other types of financial documents, such as credit card statements, payslips, and SEPA authorizations? Contact us for more information.
Is Klippa mortgage form 1003 processing GDPR-compliant?
All the services that Klippa offers are fully GDPR compliant. We only use ISO certified servers within the European Union for processing. A data processor agreement is in place. We do not store any of your or your customers’ data after processing.
Is extraction of mortgage forms 1003 lines supported?
Yes. Klippa can extract general Mortgage Form 1003 data, as well as line item data. Optionally we can even divide lines into specific (risk) categories.
How long does processing mortgage forms 1003 with OCR take?
The speed of processing depends on the amount of pages and the document type. In general processing a mortgage form of up to 3 pages takes less than 5 seconds. The more pages, the longer processing will take.
Can Klippa convert mortgage forms 1003 to CSV, XLSX, XML or JSON?
Yes we can. Klippa takes pictures of mortgage forms 1003, or their PDF equivalents, and converts them to readable text using OCR. From there we use machine learning to turn the text into structured data. Most of the time we use JSON for this, but depending on your preferences we can also convert mortgage forms 1003 to CSV, XLSX or XML.