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Uptiq's Document AI reads property condition assessments and equipment inspections and extracts system-by-system condition ratings, remaining useful life, immediate repair costs, the recommended replacement reserve, and equipment hours and residual value — structured into the credit file and the closing conditions checklist.
Trusted by financial institutions across banking, lending & credit
What Is This
An engineering report is a third-party inspection of a property's building systems or of a financed piece of equipment, documenting current condition, remaining useful life, and the repairs a lender must fund or reserve for before closing.
Uptiq's Document AI reads property condition assessments and equipment inspections and extracts system-by-system condition ratings, remaining useful life, immediate repair costs, the recommended replacement reserve, and equipment hours and residual value — structured into the credit file and the closing conditions checklist.
Immediate repair costs are itemized across a dozen system tables that someone has to total before anything can be escrowed
The Solution
Uptiq's Document AI reads property condition assessments and equipment inspections and extracts system-by-system condition ratings, remaining useful life, immediate repair costs, the recommended replacement reserve, and equipment hours and residual value — structured into the credit file and the closing conditions checklist.
The result: your team spends time on judgment calls, not re-keying engineering report data — measured across production deployments.
What Uptiq Extracts
A sample of the structured fields Uptiq's Document AI captures from this document type.
| Field | Example |
|---|---|
| Immediate Repair Cost | $186,400 |
| Replacement Reserve Recommendation | $312/unit/year |
| Roof Condition | Fair — 6 years remaining |
| HVAC Remaining Useful Life | 8 years |
| Equipment Hours | 4,180 hours |
| Residual Value Estimate | $275K at month 60 |
| Structural Findings | No deficiencies noted |
| Inspection Date | 2026-01-22 |
{
"immediate_repair_cost": "$186,400",
"replacement_reserve_recommendation": "$312/unit/year",
"roof_condition": "Fair — 6 years remaining",
"hvac_remaining_useful_life": "8 years",
"equipment_hours": "4,180 hours",
"residual_value_estimate": "$275K at month 60"
}Key Benefits
Uptiq's Document AI reads property condition assessments and equipment inspections and extracts system-by-system condition ratings, remaining useful life, immediate repair costs, the recommended replacement reserve, and equipment hours and residual value — structured into the credit file and the closing conditions checklist.
Immediate repair costs are itemized across a dozen system tables that someone has to total before anything can be escrowed
Remaining useful life is reported per system — roof, HVAC, elevators, parking deck — with no single figure for the asset
Every extracted field traces back to its source page — examiner-ready documentation, every time.
100+ native integrations across loan origination systems, cores, and workflows. No new infrastructure.
Process more engineering report volume with your existing team as application volume grows.
Proven at Scale
Results represent aggregate outcomes across production deployments. Individual results may vary.
How It Works
The engineering report arrives via email, portal, or upload. AI classifies it automatically.
Fields are extracted at 95%+ accuracy with full data lineage back to the source page.
Derived metrics and ratios are calculated automatically from extracted figures.
Structured, extracted data lands in your existing loan origination or servicing system.
Common Questions
Related Document Types
Book a 30-minute session. We'll run a live extraction demo on your own engineering report documents.
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