This post is cowritten by Jeremy Little and Chris Day from Rocket Close.
Rocket Close, a Detroit-based title and appraisal management company within the Rocket Companies environment, has enhanced mortgage document processing by transforming a time-consuming manual process into an efficient automated solution. Processing approximately 2,000 abstract package files daily, with each file averaging 75 pages, the company faced a major operational challenge: manual extraction took on average 10 hours per package, creating considerable resource allocation burdens and workflow bottlenecks.
Through a strategic partnership with the AWS Generative AI Innovation Center (GenAIIC), Rocket Close developed an intelligent document processing solution that has significantly reduced processing time, making the process 15 times faster. The solution, which uses Amazon Textract for OCR processing and Amazon Bedrock for foundation models (FMs), achieves a strong 90% overall accuracy…