By Jeffrey Zuckerman, Director, AiCR
Introducing AiCR: Intelligent Document Processing for Mortgage & Finance
Six months and counting since the release of the first version of AiCR™, we hit the road this winter to showcase the platform to the financial markets. We’re pleased to share some notes from the app’s first public appearances, as some common themes emerge across segments of the mortgage and finance communities.
For background, AiCR stands for Artificial Intelligence Character Recognition: AiCR is a cutting-edge document reading & data extraction application, born out of MIAC Analytics and particularly our due diligence group at the Mortgage Industry Advisory Corp.
AiCR – Intelligent Document Processing for Mortgage & Finance
MIAC Analytics is approaching 40 years old and is very proud to announce that AiCR has been rolled out as a standalone entity. As with all our software, it has been tested vigorously internally before we showed it to the public: 5 years in development for this app had us ready to launch in late 2025, and roadworthy this winter.
Winter Tour 2026 Q1 Conferences
| Conference | Location | Dates |
| IMN RTL-DSCR Loans | Miami | January 15–17 |
| MBA Servicing Solutions | Dallas | February 16–19 |
| SFA: Structured Finance / Securitization | Las Vegas | February 22–24 |
IMN RTL / DSCR Conference – Miami
In January, 500 executives involved in RTL and DSCR lending met with funding partners, due diligence firms, appraisal firms, and investment banks in Florida to kick off the year.
For background:
- RTL = Rental Transition Loan, aka Fix & Flip, describes financing for the purchase, renovation, or building of properties, commonly 6 months to 36 months, often interest-only
- DSCR = Debt Service Coverage Ratio loan, where underwriting approval hinges on this ratio, the Numerator is the operating income of a property, denominator being debt service.
At hand, there are issues of underwriting, data validation, and verification of borrower reporting. Appraisers, due diligence providers, and tech firms gathered to assist the origination and investment community. All have stories of booms and busts, incredible tales of fraud from South Florida to North Florida, emerging neighborhoods, and setbacks.
The devil is in the details, all agree, the gritty details of tracking borrower performance. Then there is the quandary of forecasting events: macro- and micro-economic activity such as interest rates and regulation, and the timing, frequency, and severity of borrower delinquency, default, and prepayment, by region, by loan type, seasoning, etc. No risk it, no biscuit.
Between two 40-degree mornings in Miami, the descent of Hoosiers alumni in buildup for the NCAA football championship down the road, this new year felt different: our business season was off to a start, with lots remaining to see and do.
MBA Servicing Solutions Conference – Dallas
In mid-February, 2,000 executives working in mortgage servicing gathered in Texas to compare notes on quicker loan and report processing, while maintaining best practices.
Technology firms were out in force with new mousetraps, accountants are keeping track of all the advances and claw-backs, and the loan originators are navigating carefully in a changing environment. Onboarding of acquired assets in transfer is always a challenge, tracking advances and taxes, and recapture efforts.
We met with business operations professionals, software firms, attorneys, and investors, all looking for the next trend in servicing and belts and boots.
The Gaylord Texan Resort & Convention Center in Grapevine employs about 8,000 people, with 1,800 rooms at only 22 years young per my informal research. You could live in there and forget where you are, with ‘sunlight’ and fresh streams, everything you need under a massive starry roof. It’s a very impressive business. Thanks to a few local partners who insisted I emerge from the bubble & to ‘Hop & Sting’.
SFA Structured Finance Conference – Las Vegas
Over 6,000 securitization professionals gathered to organize the next or newest structured finance issuance, track the latest regulatory and risk retention standards, and to golf, gamble, and dine.
We met with issuers and accountants, investors and service providers, all pulling in the direction of asset-backed securitization issuance. Assets include but are not limited to:
- Mortgage loans of all varieties & MSRs
- Auto Finance: manufacturers from Detroit to Seoul to Tokyo, fleet finance, motos
- Equipment leasing companies: aircraft & rail, manufacturing, marine
- Student loan lenders
- Personal loans
In the residential lending space, investors turned out on Sunday to learn about alternate credit scores. Service providers, including trustees, ratings agencies, attorneys, auditors, and more, jostled for market share, boasting specialization in asset type and structure.
In the featured speaker slot, Venus William inspires in many ways. The Las Vegas weather is perfect in February.
Redeye flight overnight & landed at JFK airport in Queens, NYC at 6 AM on frigid Wednesday, February 23rd, in between massive piles of snow, low visibility, and more snow falling. JFK International in Queens, NYC, is now a worthy global hub, glistening, with 37,000 employees in total, all pulling in the same direction to have this great airport humming away, exhibiting best practices in year 78.
AiCR’s Next Steps
AiCR was ‘genetically engineered’ to bring MIAC’s industry-leading processes at high speed to the latest standards. It has been tested vigorously before we brought it out to meet people, appear in public, and set out to support the market. Five years in the ‘incubator lab’ included fits and starts, and re-starts, many thousands of work hours.
Now with two feet on the ground, we are on the road: very appreciative of the open doors and discussions presented by our business partners; nearly all are willing to embrace the power of AI and AiCR, and open to guidance on where and how. Our 12 employees are cranking away on important projects for our internal clients and new partners in sync.
The Sky is the Limit
At MIAC Analytics, our data wrangling tools at the front of processes have always been agnostic to collateral type. Due Diligence includes all types of loans: consumer and commercial, auto and boat, students, doctors, personal, plus. As such, AiCR has a background and basis well-suited for development and growth.
Highlights of AiCR’s vast scope of business projects for this year include:
- Property Managers: review of bank statements / rent rolls for each tenant each month
- Accountants: auditing financial institutions
- Doctors’ offices: processing ‘patient intake forms’
- Universities: review of historical records, papers, research, and more
- Law Firms: understanding securitization documents
For each new path, we are adding new templates, classifications, and learnings. AiCR’s ‘brain’ continues to train, and our team is conducting system integrations at client operations as required. AiCR was born for this work: the process of efficiently reviewing vast piles of documented information in different categories, formats, and vintages across myriad asset classes.
Many of the industry conference sessions and our private meetings conducted this winter pointed directly to the need that AiCR is already filling in our first year: vintage is just one number in a vast data set.
AiCR delivers much more than speed-reading and data extraction. Please ask us to demonstrate. We’re bringing a unique business pedigree: the long-term optimism of a child, the determination and nimbleness of young developers, and the seasoned expertise of our management team and founders.