In short

Sort the file, then read it

CONCORD classifies each document in a loan file as an application (1003), W-2, pay stub, bank statement, tax return, title commitment, disclosure or other type, then extracts the borrower, income, asset, property and loan fields from it. Every extracted value carries a citation to its page, and misclassified documents can be corrected before reconciliation runs.

How it works

From upload to structured data

Intake

Drag and drop the whole loan file, or pull it through an integration.

Classification

Each document is typed, and a processor can correct any document that was classified wrongly.

Extraction

Borrower, income, asset, property and loan fields, read from native PDFs and scans alike.

Page citations

Every value links back to the page it came from, so nobody has to hunt for it.

Fields

What gets extracted

Borrower

Names, the last four digits of the SSN, and employer.

Income and assets

Stated and documented income, account balances and statement periods.

Property

Property address and the details on the title commitment.

Loan

Loan amount and the terms stated across the application and disclosures.

Questions

Common questions

Can it read scanned documents?

Yes. Scans and native PDFs are read the same way; poor scans lower confidence, and low-confidence values are flagged for review.

What if a document is misclassified?

The processor corrects the type during review, before reconciliation runs.

How do I check where a value came from?

Every extracted value carries a citation that opens the page it was read from.

What happens after extraction?

The fields are reconciled across the whole file, and every conflict becomes an exception.

Related

Keep reading

CONCORD overview

Mortgage loan file reconciliation: a clean, consistent file before it reaches underwriting.

Cross-document reconciliation

The same field compared across the whole file: name, SSN last four, income, employer, property address and loan amount.

Exceptions & audit trail

Conflicts and missing documents raised with severity and both sides of the evidence, and every correction logged.

How long does it take your team to sort one loan file?

Drop a file into CONCORD and see it typed and extracted, with every field cited.

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