Maximize the ROI of Your IDP Investments in Mortgage Document Processing

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. Furthermore, indexing, document sorting, and data extraction are other recurrent issues mortgage lenders face. This...

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...

DocVu.AI efficiently reduces fraudulent insurance claims losses

Insurance we have a problem – Fraud detection 18 percent of all claims in insurance are fraud. 40 percent of insurers polled said their technology budgets for 2019 will be larger, with predictive modeling and link or social network analysis the two most likely types of programs considered for investment. About 90 percent of respondents...

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...

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...

5 ways to make your Document processing automation initiatives successful

From healthcare to banks and retail, Document processing is a big part of today’s operations. The dimensions to improve document processing are accuracy, speed, and low cost. Intelligent document processing helps you meet these internal priorities and enables your business to stay ahead of competition and customer experience. Automation in document processing is an attractive...

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