Experience Proven OCR Automation Results
Cincinnati, OH, October 9, 2018 – Paradatec, Inc., developer of the leading advanced Optical Character Recognition (OCR) solution for mortgage file processing, announces their participation in next week’s MBA Annual Convention & Expo held at the Walter E. Washington Convention Center in Washington, D.C. The company will be showcasing their extensive out-of-the-box OCR functionality for the mortgage market.
“Terms like ‘AI’ and ‘robots’ are hot topics in the technology world right now, but our solution has incorporated these concepts for over 20 years…only the terms are new. The learning capabilities of our rules engine leverage artificial intelligence, combined with natural language processing, to yield the fastest and best OCR results in this industry. We continue to see performance results that are five to ten times faster than competitive offerings, with automation rates that, in every case, dramatically improve an organization’s productivity measures,” said Neil Fraser, Paradatec’s Director of US Operations. Fraser continues, “We’re excited to showcase our offering next week and help organizations that are considering process automation initiatives to sift out the reality from the hype when it comes to indexing documents and extracting data from complex mortgage files.”
Paradatec staff will be available in booth 215 at the Convention, and specific appointments in Paradatec’s meeting suite can also be requested through the Contact page of the company’s website at https://www.paradatec.com/contact-us/.
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 over 500 unique documents in the typical mortgage file, along with capturing over 6,500 data elements from those documents. For more information, please visit www.paradatec.com.
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