# Automate Data Extraction from Closing Statements

Automate data capture from Closing Statements with Nanonets’ AI-powered Closing Statement OCR & machine learning. Extract data from Closing Statements & automate workflows for related use cases.

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Closing Statement Scanner

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| LABEL | OCR |
| --- | --- |
| Signature | extracted data will appear here |
| Transferor | extracted data will appear here |
| Transferee | extracted data will appear here |
| Due property owner | extracted data will appear here |
| Deductions | extracted data will appear here |
| Total settlement | extracted data will appear here |

## join organisations that spend smart

## Here's why you will love Nanonets

### Capture Closing Statements from Emails

Collect or forward your emailed closing statement to your Nanonets Inbox.

### Automated Data Entry

Snap a picture and Nanonets will take care of the rest.

### 90% straight through processing

Accurately capture predefined labels with Artificial Intelligence. Reconcile data across sources.

HOW WE CAN HELP

## Use cases for Nanonets’ closing statement OCR

### Real estate

Automate Real estate workflows/processes and more.

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WHAT WE EXTRACT

## Fields that can be identified

Here are some fields Nanonets can extract by default. Say goodbye to manual data entry. Additional fields can also be extracted on request.

Signature

Transferor

Transferee

Due property owner

Deductions

Total settlement

And many more...

## When your business is your passion, don’t let data entry get in the way.

Find out how with a free trial and a demo

[Request a Demo](/content/document-ocr/closing-statement#/index.html)

How we compare

## Benefits of Nanonets' Closing Statement OCR API

Traditional  [OCR Tools](/content/buyers-guide/ocr-software/index.html)

Data Formatting

High savings

Nil or low training data

High training data

High training data

Receive documents from multiple channels

Amount of training data needed

Self-learning AI

No Template setup required

IT / API friendly

Multiple export options

Cost and Time Savings

## Frequently asked Questions

Learn more about closing statement automation & how Nanonets can help.

What is automated data extraction from Closing Statements?

What platforms or tools are available for automating Closing Statements data extraction?

How do OCR and automated workflows streamline Closing Statements processing?

What specific data fields can be extracted from Closing Statements automatically using OCR?

How accurate is OCR for Closing Statements with various formats and layouts?

Can automated solutions for Closing Statements handle scanned, handwritten, and digital documents?

Do these systems validate extracted Closing Statements data against relevant information?

Can automated workflows for Closing Statements accelerate operational cycles?

How does automation improve efficiency and reduce manual errors in closing statements processing?

What are the typical steps to implement Closing Statements OCR and automated workflows?

What are the common challenges in automating data extraction from Closing Statements?

What specific data fields can be extracted from Closing Statements automatically using OCR?

What is automated data extraction from Closing Statements?