The advantages and pitfalls of Mortgage post closing quality control
The advantages and pitfalls of Mortgage post closing quality control 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 […]
Discover and Demystify Mortgage Intelligence to boost efficiency with DocVu.AI
Artificial intelligence is already here Artificial Intelligence (AI) is everywhere around us, from voice recognition software in your mobile phone to navigations in car. Even Google uses Artificial Intelligence for its search engine. Netflix, amazon prime movie suggestions are based on Artificial Intelligence. Interacting with Siri, Alexa, Google assistant is also a form of Artificial Intelligence. The goal of Artificial intelligence […]
How Mortgage Intelligence improves Mortgage Document Processing capabilities
AI & ML are important means to bring the next level of improvements in mortgage operations. In mortgage document processing, the buzzwords are AI & ML capabilities however the maturity is low and the scope is undefined. DocVu.AI’s Mortgage Intelligence is AI & ML customized for document processing for Mortgage. Mortgage Intelligence can improve specific […]
What is the best document processing tool for mortgage providers?
Document processing is a big part of mortgage processing. Mortgage documents are categorized and the required information is extracted for the mortgage underwriting process. There are a few options available for document processing. Our objective here is to list out the top advantages and disadvantages that each type of Document processing player provides so you […]
Why should mortgage lenders choose mortgage IDP over generic IDP?
What do you get from intelligent document processing (IPD) solutions that are specially designed for the mortgage industry or should you go for generic IDPs that can be configured for Mortgage. Well there is no simple answer to that. Both have significant benefits and both have drawbacks. Let’s start with the Mortgage specific IDPs Mortgage […]
Maximizing the ROI of your RPA investments with IDP solutions
Business process which involves documents need robust Intelligent Document Processing (IDP). The documents could be structured, semi-structured, or unstructured. The common goal is efficient classification and extraction of information. The advancement in computer vision, Artificial Intelligence, Machine Learning, and NLP techniques has provided the much-required lease of life to the legacy OCR / ICR solutions […]
How to know whether your IDP solution for mortgage document processing is accurate?
Intelligent document Processing (IDP) is a technology that is helping companies in various sectors unlock the power of data hidden in the various documents involved in their process. It is a combination of different components like OCR, Business rules, Business process management and Analytics. But primarily the functions of an IDP lie in understanding the […]
Why you should Avoid False Positives Impact in Mortgage Document Processing
Why you should Avoid False Positives Impact in Mortgage Document Processing Why you should Avoid False Positives Impact in Mortgage Document Processing As a wave of automation sweeps into our world, computers will play a very important part in enterprise and consumer industries. In enterprises digital automation can play an important role in: – reducing […]
How to make mortgage lending process more efficient with AI & ML
In today’s evolving mortgage ecosystem, advanced technology is a must-have to successfully process huge volumes of loan applications. On average, the time taken to close loans is 47 days, according to Ellie Mae Origination Insight Report Data. However, consumers expect much quicker turnaround times. Automation technologies like Artificial Intelligence (AI) and Machine Learning (ML) are […]
Tackle Origination Costs this 2021- Leverage Tech
Mortgage origination is a labor-intensive as well as time-consuming process. On average, it takes anywhere between 35 to 40 days to close a loan. The need of the hour in 2021 is a strong mortgage processing solution that can help tackle and manage origination costs. Mortgage lenders target closing as many qualified mortgage loans as […]
