Built Technologies has launched an AI-powered document intelligence solution on AWS to enhance processing in real estate finance. This solution aims to automate complex and manual document processing, significantly reducing workflow times and supporting various document types throughout the real estate lifecycle.
Built Technologies has introduced an AI-powered document intelligence solution built on Amazon Bedrock and the AWS Intelligent Document Processing (IDP) Accelerator. This innovation addresses the complexities of document processing within the real estate finance sector, which typically involves lengthy and inconsistent documentation. By automating this process, Built aims to enhance critical business decisions involved in real estate finance.
Real estate finance relies on numerous types of documents such as draw packages, loan agreements, and insurance certificates. These documents vary in format and content, making traditional automation methods inadequate for efficient processing. Built's solution seeks to streamline the review and validation of these documents by leveraging AI capabilities.
The AI-powered engine developed by Built is designed to significantly reduce the time spent on document processing from days to just minutes. It is capable of classifying, extracting, and reasoning over various document types, thereby offering a shared environment for technical teams and experts within the industry to refine document processing frameworks.
To develop this solution, Built Technologies collaborated with the AWS Generative AI Innovation Center, partner firm AND Digital, and AWS account teams. This partnership facilitated the creation of a scalable document processing engine tailored to the needs of the real estate finance market.
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Built Technologies has launched an AI-powered document intelligence solution on AWS to enhance processing in real estate finance. This solution aims to automate complex and manual document processing, significantly reducing workflow times and supporting various document types throughout the real estate lifecycle.