It’s amazing how quickly things can change. Exactly a year ago mortgage rates were low and demand was high. It seemed like everyone was selling, buying, or refinancing a home. There’s no doubt that the summer of 2021 was hot for mortgage lenders, but everyone knows that the market must cool eventually. Recently, the Fed […]
Straight Through Processing: Getting Beyond the Constraint | Mortgage Classification
Straight through processing is every successful organization’s challenge since all maximize efficiency with existing tools. Explore how to achieve true STP.
Shred the Binky!
Margin compression and how to deliver new products that are increasingly complex, in an efficient way. Those are two key points made at a recent virtual event hosted by HousingWire and sponsored by us, Parascript. We also found that the pandemic did a lot to highlight the process issues associated with lending including the increased […]
The Digital Journey for Lending Processes Has a Long Way to Go
We recently participated in a virtual event with Mortgage Banker Magazine along with industry veteran Keith Mullen from Saxony Partners where we discussed the current state of “process confusion” and the immense costs in time and effort inefficiencies cause. For example, in commercial lending, the hoops and obstacles that have to be overcome are dizzying. […]
Taking Document Automation “Beyond OCR”
Most organizations presume that the foundation of document automation relies upon optical character recognition (OCR). This is largely due to the fact that most documents are text-based and therefore, the primary methods available for automation tasks such as document classification and data entry require OCR (among other techniques). But the perspective that document automation is […]
Intelligent Document Processing: Pre-trained vs. User-trained
Quick, which animal is smarter? If you selected the newborn baby. you’re right! And if you selected the newborn Gazelle, you’re right! Ok, both assertions cannot possibly be correct…can they? After all. the human will ultimately be able to communicate and do things that the Gazelle could never do. But the Gazelle, as a newborn, […]
Understanding Complex Data via Context in Key Factors Driving New IDP
This new IDP article covers a major automation trend necessary for the claims submission-to-payment reconciliation process.
How Compliance Automation Can Help Your Top Line
Compliance costs have skyrocketed both for the finance industry and for insurance. Automation offers new possibilities in efficiency and savings.
Refi Applications Leap to Seven Year High on Coronavirus Fears
The coronavirus outbreak is affecting many areas of commerce & business, but the outbreak has the opposite effect on US mortgage markets. Find out why.
What STP Looks Like in Document Process Automation
Exploring what straight through processing (STP) looks like in document process automation requires examining actual, successful examples provided here.