Company’s Mortgage Solution Automates Audit Data Entry

 

Cincinnati, OH, April 26, 2017 – Paradatec, Inc. is pleased to announce their participation in the Mortgage Bankers Association National Secondary Market Conference & Expo held next week at the Marriott Marquis in New York City.  The company will be showcasing how their mortgage solution can reduce traditional manual data entry activities associated with the loan boarding process.  “Our mortgage origination clients have been using our automated data extraction capabilities to reduce their data entry burden for years, and the value proposition is even more compelling for organizations focused on the secondary market,” said Neil Fraser, Paradatec’s Director of US Operations.  Fraser adds, “Our ability to support a more efficient document-to-data audit process, which can now include comparing the final Closing Disclosure to the new Uniform Closing Dataset (UCD) file, allows our clients to complete their audit with less labor, audit a larger sampling of the loan pool, or some blend of these two factors.”  Paradatec staff will be available for demonstrations and questions in booth #410 from Sunday, April 30 through Tuesday, May 2.

Paradatec’s solutions offer significant efficiencies for classifying large quantities of differing document types and extracting key data elements from those documents.  In the mortgage market, these capabilities allow for the quick and accurate identification of over 500 unique documents in the typical mortgage file, along with capturing nearly any data element from those documents 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.