Parsing Overview
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      3. Parsing Overview

      Need help submitting T12s and rent rolls for parsing? Try Archer Verified Parsing

      Archer Verified Parsing is designed to streamline the ingestion of Rent Rolls and T12s by allowing Archer’s team to clean and adjust the files before they are uploaded into the system, ensuring properly formatted output without adjustments

      Guide

      1. Submitting Financial Documents

      1. Prepare Files: Ensure that financial documents (rent rolls and T12s) are in a clean format, preferably in Excel or PDF.  Remove unnecessary tabs, hidden rows/columns and unnecessary calculations.  The file should be as close to the original document as possible for the best results. 
      2. Upload Files: Upload the financial statements and rent rolls into the file repository for the deal.  
      3. Email Submission: Send an email to Archer’s processing team at support@archer.re with the address of the property. 
      4. Submission Timing: Submissions should ideally be made during normal business hours for the quickest turnaround. 
      5. Confirmation: Expect a confirmation from Archer’s team when the processing begins. 

      2. Processing and Turnaround Time

      1. Standard Processing Time: Archer’s team processes files within 1-2 business hours during normal working hours.

      2. Handling Messy Files: If a file is not in a clean format, Archer’s team will adjust it and notify the user of any required corrections.

      3. Success Rate:

        • 98% of Excel files pass without manual intervention.

        • 90-95% of PDFs are processed instantly.

        • If an issue arises, Archer’s team corrects and resubmits within the agreed SLA.

      3. Reviewing Processed Files

      1. Accessing the Output: Once processed, Archer will send a link to the cleaned file in Archer’s system.

      2. Comparison with Original Data: Users can compare their original submission with the cleaned version provided.

      3. Custom Output Options: If required, users can request a customized output page to match specific reporting needs.


      Summary

      • Submit financials via email to Archer’s team for verified parsing.

      • Expect 1-2 hour turnaround for clean files.

      • Processed files are returned with necessary adjustments, reducing user workload.

      Conclusion

      Archer Verified Parsing simplifies financial data entry by allowing users to submit files for expert cleaning and adjustment. This approach ensures accuracy, speeds up underwriting, and minimizes manual data manipulation. As Archer continues to enhance its automated parsing capabilities, users can expect an even smoother workflow in the near future.

      For further assistance, users can contact Archer’s support team or request additional training on file formatting and data processing best practices.