Generative AI classification examples

Generative AI classification can be used alongside trainable classification or used alone. As a result, tailor your description in a way that it can work no matter what classifiers you are using.

For documents with a consistent layout and title, a document title as the description may be sufficient. For documents with inconsistent layouts, or differing content, more information may be required.

The following are examples using the document name only as the description. These documents tend to have a consistent layout, and the form name is prominently displayed.

Truth-In-Lending
Loan-Application
Tax-Form-Request
HUD1

The following are examples that include both the document name and a description of what is on the document. These types of documents tend to have an inconsistent layout and content.

Document	Description for AI Classification
Mortgage document	Mortgage A legal contract that uses a property as collateral for a loan. It includes borrower and lender names, the loan amount, legal terms, and is usually signed and notarized. Often titled "Deed of Trust" or "Mortgage Agreement". It is used to secure the lender’s interest in the property.
A note	Note A signed document where the borrower agrees to repay the loan. It includes loan amount, interest rate, payment terms, and due dates. It does not contain legal property terms like a Mortgage. Sometimes titled "Promissory Note".
An initial escrow document	Initial-Escrow This disclosure is presented to the borrower at the closing of the loan and provides a detailed overview of how the escrow account will be funded and managed over time. It includes a monthly payment schedule for taxes and insurance, projected running balances, and any necessary adjustments to the escrow accounting. This document ensures that borrowers understand the financial commitments associated with their escrow account and how these will evolve throughout the life of the loan.
A funding transmittal document	Funding-Transmittal A document used by the lender to give instructions to the settlement agent or closing attorney about how to handle loan funds. It includes: Contact information for the lender and settlement agent Disbursement instructions for loan proceeds (e.g., who gets paid and how much) Details about escrow setup (e.g., how much to collect for taxes, insurance, assessments) Instructions for returning checks, documents, or loan packages May include borrower loan information, loan type, and property taxes Itemized escrow reserve amounts (e.g., hazard insurance, city property taxes, assessments) and tax due dates Mentions of "Escrow Reserves," "Work Escrows," "Private Mortgage Insurance," or “Taxes Due” do not make it an Escrow disclosure if the document is providing funding instructions It is not a disclosure to the borrower and does not require the borrower to make selections or acknowledge terms. It is an internal lender instruction document used to manage the funding and closing process.

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