How IDP in P&C industry can improve customer experience

Automation has been playing a disruptive role in every industry. Among these cutting-edge technologies, Intelligent Document Processing (IDP) has emerged as a trend for the insurance industry, which is one of the largest adopters with a presence of approximately 13% of the IDP market. Subsequently, thoroughly understanding IDP becomes crucial for companies to explore its […]

Tackle mortgage rate fluctuations with ease

Docvu AI Article Tackle Mortgage Rate Fluctuations

The mortgage industry has been turbulent in the past couple of years. Various economic and political scenarios have forced the Federal Reserve to recalibrate its monetary policies, which has indirectly affected the mortgage rates significantly. Further, lending rates are increasing rapidly, with the average 30-year fixed mortgage rate reaching 7.2% in October 2022. Naturally, banks are maintaining […]

Maximize the ROI of Your IDP Investments in Mortgage Document Processing

Docvu IDP investments article

Processing mortgage applications entails dealing with a massive pile of documents necessary to verify customers’ loan worthiness and clear approvals. This task is often carried out manually, resulting in reporting errors, missing documents, and an unending waiting period before closure. This has consequences like the loss of time, wasted employee effort, and, eventually, a drop […]

Harnessing perfectly synchronized integrations in the lending ecosystem

Harnessing perfectly synchronized integrations

Working in ‘silos’ is by far not a good thing in today’s times. In fact, as we are headed towards an open banking scenario in the coming years, it is important that the financial institutions first get themselves ready for a more synchronized flow of data between their internal systems. Enormous data gets generated through […]

Get the best Analytics in Mortgage Document Processing at zero investment.

Docvu AI Article on Mortgage

As per a Forbes survey, 55% of respondents from mortgage companies believe that adopting AI in operations can reduce mortgage origination costs by 26%. In mortgages, where document processing errors can lead to incorrect credit decisions, it is vital to be 100% right the first time. A loan package generally, consists of hundreds of pages […]

IDP for Process Efficiency – Here’s how to close in on the Right One

IDP For Process Efficiency

Every organization is unique. From their business goals to the technologies leveraged, the people that make it, and even the culture that makes the organization alive, differs.  Bringing a solution into an organization is a very involving and complex exercise. One needs to consider the organization’s and the project’s critical aspects. A solution with AI […]

Minimize Risks and Maximize Returns with Automation.

‘A Dream Home’, one’s lifetime ambition is most often fueled by mortgage companies. Lenders ensure all checks and balances are done when processing documents, enabling the home seekers to inch closer to their dream. The US mortgage industry is under the constant influence of macroeconomic parameters viz. interest rates, inflation, economic policies, and geopolitical stability. […]

Democratized Automation- the key to mortgage efficiency.

“Things get done only if the data we gather can inform and inspire those in a position to make [a] difference.” – Mike Schmoker, Education Writer, Speaker. Data is the fuel that powers businesses to make informed decisions, but the critical question remains, “Is the data relevant?” For Data to be relevant, enterprises need solutions […]

Template-free Document Processing to Streamline Operations.

“Liberty, when it begins to take root, is a plant of rapid growth.” – George Washington.   The same can be said about data these days. Today businesses have to transform with changes in the market dynamically and thus cannot afford to spend time extracting data and insights from unstructured bulk documents. Freedom from manual and […]