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Ensure Documents are Fully Executed with Signature Detection & Verification

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DATASHEET

Automate signature detection and validate signature authenticity.

Manually searching for missing or inconsistent signatures within a loan package is sure to cause delays and increase the risk of regulatory non-compliance and fraudulent behavior. To help mitigate this added liability, lenders should have a deliberate process to carefully detect signatures and verify authenticity.

The Signature Verification cognitive robot automates the detection and verification of signatures across required documents. The cognitive robot not only identifies missing signatures, but also ensures that the signature belongs to the required signatory and is consistent across the documents in the loan package. This process eliminates manual signature detection and helps the lender to ensure:

• Compliance with TRID Rule regulations

• Contracts are legally enforceable with authentic signatures

• Document legitimacy by detecting notarized signatures

Estimates suggest more than half of the activities people are paid to perform can be automated by adopting advanced robotics and AI—either now, or surprisingly soon. — PwC Financial Services Technology 2020 and Beyond

Cognitive robots provide immediate productivity lift to

critical areas within the loan manufacturing process.

Application Processing Underwriting PurchasingClosing, Post Closing

& Shipping

Underwriting Review— Credit & Liabilities

Closing & Post Closing Checklist

Correspondent Package Verification

Correspondent Loan Data Verification

Processing Review— Credit & Liabilities

Processing Review— Income & Employment

Processing Review— Property Insurance & Title

Underwriting Review— Property Insurance & Title

Application Checklist Signature Verification

Investor Eligibility (AUS/FHA/VA)

TRID Verification

Underwriting Review— Income & Employment

Underwriting Review—AssetsProcessing Review—Assets

General Program Eligibility

Document Indexing & Filing

Signature Verification

RedUCe loAn deFeCtS WItH AUtoMAtIon. Manual loan package review is limited by shortcomings such as employee expertise, fatigue and work conditions which can lead to loan defects that delay the closing. With automation, lenders can increase speed of verification and produce consistent results at a lower cost.

Signature VerificationDATASHEET

Automated Assistant Skills With the assistance of rules, the Signature Verification cognitive robot runs various checks to ensure a quick and error-free process. The cognitive robot acts of the following conditions:

• Checks for all required signatures across documents and flags missing signatures

• Compares signatures to check for inconsistencies

Signature Detection & Verification The Signature Verification cognitive robot uses deep learning to automatically recognize specific regions throughout the documents that require a signature. The cognitive robot then reviews each document to verify a variety of signature types. The Signature Verification cognitive robot detects and verifies signatures on the following documents:

document Signatory

• 203K Borrower Identity of Interest • Borrower(s)

• Acknowledgement of Receipt of • Borrower(s) Housing Counseling Agencies List

• Affiliated Business Arrangement Disclosure • Borrower(s)

• Air Certification • Borrower(s)

• Amendatory Clause & Real Estate Certification • Borrower(s), Authorized Representative, Seller(s)

• Amortization Schedule • Borrower(s)

• Anti-Coercion Statement • Borrower(s)

• Anti-Steering Disclosure • Borrower(s), Authorized Representative

• Applicants Right to Choose an Attorney • Borrower(s)

• Application Collateral Insurance Disclosure (TX) • Borrower(s)

• Application Disclosure Impound Waiver (CA) • Borrower(s)

• Application Disclosure Machine Copies (CA) • Borrower(s)

• Application Disclosure Voluntary Govt • Borrower(s) Monitoring (CA)

• Application Hazard Disclosure (CA) • Borrower(s)

• Application Radon Gas Disclosure (FL) • Borrower(s)

• Application T-64 Disclosure (TX) • Borrower(s), Authorized Representative

• Appraisal Acknowledgement Form • Borrower(s)

• Appraisal Report • Authorized Representative

• Approval Letter • Authorized Representative

• ARM Disclosure • Borrower(s)

• Authorization to Quality Control & • Borrower(s) Re-Verification

• AVM Notice • Borrower(s)

• Borrower Address Affidavit • Authorized Representative

• Borrower Certification & Authorization • Borrower(s)

• Borrower Right to Choose Insurance & • Borrower(s) Title Company

• Builder Certification of Plans & Specifications • Authorized Representative

• Buydown Agreement • Borrower(s), Authorized Representative

• Check • Authorized Representative

• Closing Cost Reimbursement • Borrower(s)

• Closing Disclosure • Borrower(s)

• Closing Disclosure Acknowledgment • Borrower(s)

• Closing Disclosure Addendum • Borrower(s)

• Closing Disclosure Seller Only • Seller(s)

• Closing Instructions • Authorized Representative

• Closing Protection Letter • Authorized Representative

• Commitment Letter • Borrower(s), Authorized Representative

document Signatory

• Compliance Agreement • Borrower(s), Authorized Representative

• Condominium Questionnaire • Authorized Representative

• Consumer Choice Disclosure • Borrower(s)

• Conveyance Deed • Borrower(s)

• Counseling Checklist to Military Homebuyers • Borrower(s), Authorized Representative

• Crew Member Discount • Borrower(s)

• Customer Identification Verification • Authorized Representative

• Deed of Trust • Borrower(s), Notary

• Disclosure Notice • Borrower(s)

• Discount Point Fee Disclosure • Borrower(s)

• Driver’s License • Borrower(s)

• Equal Credit Opportunity Act Disclosure • Borrower(s)

• Equal Credit Opportunity Act Disclosure Federal • Borrower(s)

• Escrow Agreement • Borrower(s)

• Escrow Waiver • Borrower(s)

• FACTA Credit Score Disclosure • Borrower(s)

• FACTA Credit Score Disclosure (CA) • Borrower(s)

• Fair Credit Disclosure • Borrower(s)

• Fair Lending Notice • Borrower(s)

• FHA 92900-LT • Authorized Representative

• FHA Conditional Commitment • Authorized Representative

• FHA HUD Appraised Value Disclosure • Borrower(s)

• FHA Important Notice to Homebuyers • Borrower(s)

• FHA Notice to Applicant • Borrower(s)

• FHA Notice to Homeowner • Borrower(s)

• FHA Notice to Purchaser • Borrower(s),

• FHA Settlement Certification • Borrower(s)

• Final Inspection • Authorized Representative

• Flood Hazard Notice • Borrower(s)

• Foreclosure Disclosure • Borrower(s)

• Foreclosure Disclosure Acknowledgement • Borrower(s)

• Form 1008 Underwriting & Transmittal • Authorized Representative

• Form 1040 • Borrower(s), Authorized Representative

• Form 1040-A • Borrower(s), Authorized Representative

• Form 1040-EZ • Borrower(s), Authorized Representative

• Form 1065 • Borrower(s), Authorized Representative

• Form 1120-S • Borrower(s), Authorized Representative

continued

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Signature VerificationDATASHEET

Signature Detection & Verification continued document Signatory

• Fraud Notice • Borrower(s)

• General Loan Acknowledgment • Borrower(s)

• Gift Letter • Borrower(s), Authorized Representative

• Hold Harmless Agreement • Borrower(s), Authorized Representative

• Home Advantage Worksheet • Borrower(s), Authorized Representative, Seller(s)

• Housing Counseling Notice • Borrower(s)

• HUD No Warranty Disclosure • Borrower(s)

• Initial Escrow Account Disclosure • Borrower(s)

• Intent to Proceed • Borrower(s)

• Lender Correspondence • Authorized Representative

• Lender Notice of Value • Authorized Representative

• Letter of Explanation of Credit • Borrower(s)

• Loan Application • Borrower(s), Authorized Representative

• Loan Application Addendum • Borrower(s), Authorized Representative

• Loan Application Addendum to Credit (CA) • Borrower(s)

• Loan Application Domestic or • Borrower(s) Civil Union Addendum

• Loan Estimate • Borrower(s)

• Loan Estimate Acknowledgement • Borrower(s)

• Loan Estimate Addendum • Borrower(s)

• Loan Submission Summary • Authorized Representative

• Market Analysis 1004-D • Authorized Representative

• Military Discharge Papers • Authorized Representative

• Mortgage • Borrower(s), Notary

• Name Affidavit • Borrower(s), Notary

• National Identification Social Security Card • Borrower(s)

• Non Refundability Notice • Borrower(s)

• Note • Borrower(s), Authorized Representative

• Note Allonge • Borrower(s), Authorized Representative

• Notice of Right to Copy of Appraisal Report • Borrower(s)

• Notice to RE Mortgage Applicant • Borrower(s)

• Occupancy Agreement • Borrower(s)

• Occupancy Certification • Borrower(s)

• Opt-In or Opt-Out Notice • Borrower(s)

• Patriot Act Disclosure • Borrower(s)

• Payment Letter • Borrower(s)

• PMI Certificate • Borrower(s), Authorized Representative

• PMI Disclosure • Borrower(s)

• Prepayment Charge Option Notice • Borrower(s), Authorized Representative

• Privacy Disclosure • Borrower(s)

• Property Inspection Report • Borrower(s), Seller(s) (Subterranean Termite)

• Property Insurance Binder (Homeowners) • Authorized Representative

• Property Insurance Requirement Disclosure • Borrower(s)

• Purchase Agreement • Borrower(s), Seller(s)

document Signatory

• Rate Lock Agreement • Borrower(s), Authorized Representative

• Real Estate Property Tax Notice • Borrower(s)

• Reporting Negative Information Disclosure • Borrower(s)

• Request to Copy of Tax Return IRS 4506-T • Borrower(s)

• Security Instrument Rider One to Four Family • Borrower(s)

• Security Instrument Rider PUD • Borrower(s)

• Security Instrument Rider • Borrower(s) PUD Home Equity (TX)

• Security Instrument Rider Second Home • Borrower(s)

• Servicing Disclosure Statement • Borrower(s)

• Servicing Disclosure Statement Flood • Borrower(s)

• Servicing Transfer Statement • Borrower(s)

• Settlement Statement • Borrower(s), Authorized Representative

• Signature Affidavit • Borrower(s)

• Social Security Certification • Borrower(s)

• SSA-89 Consent • Borrower(s)

• Standard Flood Hazard Determination • Borrower(s) Form (SFHDF)

• Tax Authorization • Borrower(s)

• Tax Information Sheet • Authorized Representative

• Three Day Right of Rescission • Borrower(s)

• Title Commitment • Authorized Representative

• Transient Use of Property • Borrower(s), Authorized Representative

• Underwriting Conditions • Authorized Representative

• VA Application Disclosure Debt Questionnaire • Borrower(s) Form 26-0551

• VA Cash Out Refinance Comparison Certificate • Borrower(s)

• VA Child Care Certification • Borrower(s)

• VA Disability Questionnaire • Borrower(s)

• VA Fixed Rate Note • Borrower(s), Authorized Representative

• VA Interest Rate Reduction Refinancing Loan • Authorized Representative Worksheet

• VA Lender Certification • Borrower(s), Authorized Representative

• VA Loan Analysis • Authorized Representative

• VA Loan Rights 26-8978 • Borrower(s)

• VA Notice to Loan Applicants • Borrower(s)

• VA Rate Reduction Refinance • Authorized Representative Information & Agreement

• VA Report & Certification of Loan • Borrower(s), Authorized Disbursement Representative

• VA Request for Certificate of Reasonable Value • Authorized Representative

• VA Request for Certification of Eligibility • Borrower(s) for Home Loan Benefit

• VA Request to Certificate of Veterans Status • Borrower(s)

• VA Reserves/National Guard Status • Borrower(s)

• VA Verification of Benefit Related Indebtedness • Borrower(s), Authorized Representative

• Verification of Employment • Borrower(s), Authorized Representative

• Verification of Employment (Verbal) • Authorized Representative

• Verification of Rent • Authorized Representative

continued

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About AI FoundryAI Foundry’s Agile Mortgages Solution transforms banking and lending operations by utilizing technology, data and people in new, more efficient processes.Powered by advanced AI and computer vision, our cognitive business automation platform with intelligent robots is revolutionizing the way loan data isprocessed; improving efficiency and overall customer experience. © 2020 AI Foundry, a Kodak Alaris business unit

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AI Foundry500 Edgewater Drive, Suite 556/557Wakefield, MA 01880www.AIFoundry.com

781.203.8333AIF.Info@AIFoundry.com

Signature VerificationDATASHEET

The cognitive robots automate key areas along the loan manufacturing lifecycle to provide swift

and significant productivity lifts.

Advanced technology IntegrationThe Agile Mortgages LOS integration helps organizations intelligently monitor and process new documents as they are uploaded. These documents are then automatically classified and synched to the appropriate folder in the LOS.

This seamless integration allows lenders to easily pass information between the two systems, driving quality and efficiency in the loan manufacturing lifecycle. It is easier than ever for lenders to move loans forward with fewer manual touches, reduced operating costs, and improved consumer experiences.

Community document Model Central to the cognitive robots within Agile Mortgages, is the Community Document Model. Using patent-pending cognitive technologies that incorporate the latest in AI, machine learning and machine vision, the model automates document-based processes by quickly extracting data from documents at blazing speeds with superior accuracy.

Deep learning algorithms ensure the document recognition models are context aware, self-learning, adaptive and self-tuning based on usage and human interaction during exception handling. It is this self-learning feedback loop from the lending community that ensures the model is continuously trained on new documents and variants.