Top Five Bank
Top consumer bank needed to update its records to meet CFPB regulations X and Z, which require banks to provide periodic statements to borrowers. To complete this task, an unknown number of court documents needed to be retrieved and reconciled from bankruptcy courts across the U.S. for more than 30,000 cases.
AACER's Premium Data and case monitoring solution automatically identified and lifted the required data fields from the 750,000 court-filed documents, then returned the results.
AACER saved the customer more than 75,000 hours of labor and they successfully complied with the CFPB regulations in weeks vs. months.
Provide AACER with a list of cases and the data fields to be lifted from court filed documents.
AACER locates, provisions and extracts the desired data fields from the documents.
AACER delivers Premium Data results to customer.
Customer leverages data for audits, remediations, QA or other requirements.