Optimize costs through Noise elimination
According to a recent McKinsey report, automating document processing with IDP has the potential to save organizations up to 90% in operational costs. IDP solutions provide greater accuracy through advanced machine technologies built over deep human expertise. With consistently better accuracies through an IDP solution, a mortgage lender can utilize the manpower for more important […]
Scale up your mortgage processing with higher quality checks through digital post close QC
Post-closing quality control process needs to be elaborate to ensure that the hundreds of pages of information contained in the mortgage closing file are highly accurate. It has even grown in importance to overcome the record number of foreclosures in recent years. The post close QC checklist should meet CFPB and TRID, Fannie Mae, Freddie […]
Check processing – IDPs make for a better fit than RPAs
The total checks written declined to 16.0 B with a value of $26.20 T, a decrease of 4.2 B and $3.48 T from 2015. [1] Checks still comprise 7% of overall transactions [2]. Checks are still an essential form of transaction with high volumes; moreover, the average value of checks written grew to $1,635 in […]