Mortgage Automation for Document Classification, Data Location, Extraction & Validation

Parascript offers the best mortgage automation software built for enterprises that have high-volume, complex mortgage document processing needs.

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Dynamic Classification

Automatically organize your documents to support compliance, discovery and data management.

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Auto-Configuration

FormXtra.AI Smart Learning, auto-configuration software delivers the highest accuracy and straight through processing.

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Extensive Data Extraction

Capture data from anywhere on the document, eliminating manual data entry and reducing costs.

Mortgage Document Processing

Parascript Smart Learning offers highly adaptive, reliable automation without the typical cost or complexity. Discreet machine learning algorithms are expertly applied to automate document classification, data extraction and content analytics tasks. Our software auto-configures and runs in production with the best accuracy in the industry:

  • Significant, proven ROI
  • Requires no specialized skills
  • Adapts to new loan documents on-the-fly

  • Enable Customers to Self-Serve

    Enable customers to upload multiple documents at a time and automate the identification of each document instantaneously

  • Locate and Verify Key Data

    Locate and verify key data within each document and automatically populate resulting information into key systems

  • Automate Compliance

    Automate compliance such as locating key unstructured information including notary stamps and signatures as well as record results in your records

  • Achieve Higher Performance

    Achieve higher performance, accuracy and automation without the typical investment in time and skills

  • Extract Unstructured Handwriting

    Automatically locates and extracts handwritten keywords

  • Leverage Dynamic Signature Matching

    Locates, verifies & matches signatures

Executive Briefing: Mortgage Automation

Auto-classification, Data Extraction & Verification

Faster, more-adaptive processes are the main focus of automation for any organization. Increasingly, this means applying automation to more complex, document-based information. One of the best examples of complex document-oriented processes is loan processing. Manual document processing can be fully automated with a high degree of precision using modern automation.

From simple loan applications to more complex appraisals and proof of assets documentation, mortgage documents represent one of the most difficult automation challenges. Analysis of the processing workflow has shown that the per-loan cost has increased over 300% due to the amount of paperwork required placed against the desire to make the loan process faster and more convenient.

Find out how to significantly reduce these costs while actually increasing classification and data extraction accuracy in this executive briefing.

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