Prism™ is a patent-pending data pairing technology that leverages machine learning to interpret, sanitize, categorize, and convert unstructured data points into an organized set of information.
How it works
Prism™ powers Loanbeam’s income calculation and verification engines.
Unlike other solutions in the industry which use traditional template-based OCR to translate income documents, Prism™ patented data pairing and formless document imaging to certify income.
- Data is lifted from documents using formless data extraction technology
- Data is sanitized for accuracy and relevance
- Data is organized
- Data is converted into useful information
- All phases are fed back into Prism’s machine learning technology to improve the speed and accuracy of each
*Freddie Mac® and Fannie Mae® offer rep and warranty programs for LoanBeam Tax’s income calculations.
**When combined with LoanBeam Transcripts.
Prism™ allows lenders to convert unstructured pay stubs into consumable data points in seconds.
- It’s smart! Machine-learning technology continuously adjusts algorithms to make better, faster calculations
- It’s plug-n-play! API-enabled infrastructure provides limitless integration options
- It’s fast! Returns result in minutes