Significant Market Growth Continues 

Cincinnati, OH – Paradatec, Inc. is pleased to announce their participation in the 101st Annual Mortgage Bankers Association Convention & Expo at Mandalay Bay in Las Vegas, NV October 19‐21, 2014.

Paradatec is the leader in automated OCR document recognition and data capture for the mortgage banking industry, with a proven track record of delivering high performance solutions which process large volumes of loan files accurately and quickly.  Paradatec’s mortgage OCR solutions offer the most efficient processes for assisting with originating, auditing, archiving, and closing loans, as well as providing the ability to dramatically streamline title and regulatory compliance operations.

“We continue to see significant growth in the mortgage market, as improved data quality and operating efficiencies are key objectives for nearly every lender and servicer.  In the last year we’ve added numerous clients to our portfolio, including both a large US mortgage bank as well as a national mortgage lender.  We look forward to developing new relationships at this event and sharing how our solution can help these organizations meet their goals as well”, said Neil Fraser, Director of US Operations for Paradatec, Inc.  Interested end users and potential integration partners are invited to visit booth 159 at the conference for a solution demonstration with key Paradatec personnel.

Paradatec’s solutions offer significant efficiencies for classifying large quantities of various document types and extracting key data elements from those documents.  The company’s sophisticated OCR engine offers unsurpassed performance, completing a typical full page OCR scan in an average of one second per page.  In the mortgage market, these capabilities allow for the quick and accurate identification of over 400 specific documents in the typical mortgage file, along with capturing nearly any data element from within the file that an organization requires.  For more information, please visit www.paradatec.com.

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If you would like more information about this topic, please contact Paul Fischer at 262.685.7286 or  email at p.fischer@paradatec.com