PRODUCT
Experience the Power of DocVu.AI: An Intelligent Document Processing Solution.
FEATURES
DocVu.AI at a Glance
Why DocVu.AI IDP platform is uniquely poised to solve the issues of data extraction and recording
Integration and Workflow ConfigurationIntegrate DocVu.AI with your existing system seamlessly and configure your workflow engines according to business needs to improve document processing efficiency and improve data flow without any changes to your working procedures through auto team assignment based on tasks lead and rules.
Image and Document ProcessingMortgage package audit identifies missing files and triggers tasks to gather them using a combination of machine learning and artificial intelligence to generate accurate document indexing. Classification helps choosing the algorithm to treat documents & images and leads to 99.89% accuracy in classification and sequencing in multi-document packages
Image Processing and Data ExtractionExtract the necessary data from indexed documents after image processing for mortgage analysis with centralized document formats, ensuring high level of accuracy and minimize human effort. Manage the challenging task of handling data in a common format using DocVu.AI’s automation that enables template-less document processing with unstructured data.
CollaborationsIntegrated and customizable shared dashboards that enable involvement of multiple teams as required and ensure visibility of performance.
Centralized Checklists and Quality AdherenceConfigurable centralized QA checklists to ensure compliance of the mortgage document processing as per your unique processes and requirements. In-house QC team brings the technology and industry expertise required for document processing. Dedicated L1 & L2 ensures all the client’s needs are met on priority that ensures DocVu.AI’s accuracy throughout the year
Straight-Through ProcessingDocVu.AI enables straight-through processing with 98% accuracy, which reduces human involvement in processing to just 6% of the documents for processing and reviews. Using business rules engine and data analytics, banks can create customized rules to automate tasks and trigger events for faster process completion and improve cross team working.
BENEFITS
Automated Documents Processing with the DocVu.AI
Maximize productivity while processing mortgage using the intelligent document processing automation solution by DocVu.AI.
Better Validation of Documents
Ensure data from all mortgage documents are indexed, captured and transformed into machine recognizable formats using OCR and IDP capabilities to obtain a error-free documents and records.
Accurate Data Extraction
Improve accuracy of collected data from documents with automated data extraction from unstructured bulk documents at precision without any manual interventions.
Streamlined Segregation of data
Automatically index and organize the information from all the documents using AI/ML-based engines.
Faster processing
Improve processing speed per set of mortgage documents using automated document processing and parse more number of loans.
Ideal integration with legacy systems
Easily integrate your document processing system with DocVu.AI to start making mortgage processing and documents validation efficient.
TECHNOLOGY
The technology behind DocVu.AI
DocVu.AI leverages cutting-edge technologies to extract information from structured and unstructured documents and transform them into actionable data and improve the operational efficiency of your processes. DocVu.AI provides opportunities to innovate new features and higher service levels for customers with 100% data extraction accuracy and straight-through processing. DocVu.AI’s advanced features in document processing capabilities streamlines and optimizes mortgage, Insurance, Banking, and Accounting operations.
Event-based process automation
Definable business rules engine to manage tasks and events drive workflows in the mortgage industry. Auto trigger of events based on business rules in document processing operations ensures faster mortgage analysis.
Artificial Intelligence and Machine Learning
Extract Data from unstructured documents and reduce complexities while recording mortgage data automatically by reducing human interventions. Leverage the enhanced capabilities of intelligent OCR, AI and ML to improve accuracy of document processing and templateless records of data.
Pre-trained models with computer vision
Offer more value to your customers by improving post extraction data analysis and reporting. Improve your control over customer data and improve process efficiency by reducing escalations and seamless validation of information.
End to End Automated Intelligent Document Processing Workflow
Maximize mortgage approvals with a document processing automation solution, DocVu.AI.
Manage your documents better and improve your data extraction efficiency using DocVu.AI.
Integrating DocVu.AI
Integrate DocVu.AI seamlessly with your existing legacy systems and automated LOS systems with connectors to enable better efficiency in your mortgage document processing.
- Loan Originations System Integrations
Initiate and offer mortgage solutions with improved accuracy and faster turnaround time.
- Document Management Systems Integration
Enables end-to-end mortgage document management and offers better control by integrating with Alfresco document management system.
- ERP
Go paperless and automate the information flow among all your teams to improve productivity and flexibility while reducing operational expenses with ease.
- Custom Systems Integration
Makes your existing mortgage processing system more efficient and accurate with easy integration.
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Frequently Asked Questions
Document processing improves business performance and operational agility by optimizing core processes. Documenting processes during execution enables employees to learn by doing, gaining insights from mistakes and successes to refine processes.
When selecting an Intelligent Document Processing (IDP) solution for your business, consider the following factors:
- Accuracy and reliability of the solution’s machine learning algorithms
- Flexibility and configurability to adapt to your specific document types and workflows
- Integration capabilities with existing systems
- Scalability to handle your document volumes
- Security measures to protect sensitive data
- Vendor support and reputation
- Cost-effectiveness and return on investment.
Evaluate multiple solutions, conduct proofs-of-concept, and involve key stakeholders to ensure the selected IDP solution aligns with your business needs and goals.
