Artificial Intelligence for Servicing Expedites Validation of Loan Files

Cincinnati, OH, February 1, 2018 – Paradatec, Inc., a leader in advanced Optical Character Recognition (OCR) solutions for mortgage file processing, will be presenting at next week’s Mortgage Bankers Association Servicing Conference & Expo at the Gaylord Texan in Grapevine, Texas.

“We’ve had great success over the last 12 months, and our message continues to be one of using artificial intelligence technologies to increase productivity and reduce cost.  While AI is all the rage in the tech world right now, our solution has incorporated AI concepts for years.  Our clients confirm that our solutions offer significant productivity and data accuracy gains over purely manual processing, and we look forward to sharing those experiences again next week,” said Neil Fraser, Paradatec’s Director of US Operations.  He adds, “Specific to the Servicing market, we’ve built a number of audit models in the last year which expedite the validation of the loan data file against the original documents of record, so that will be of great interest to next week’s audience as well.”

Paradatec leadership will be available for meetings in booth 523 of THE HUB from Tuesday, February 6 through Thursday, February 8.  Specific individual appointments can also be requested via our Contact page at www.paradatec.com/contact-us/.

 

About Paradatec

Paradatec’s advanced OCR 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 out-of-the-box capabilities allow for the quick and accurate identification of nearly 500 unique documents in the typical mortgage file, along with capturing over 6,000 data elements from those documents.  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.