Cincinnati, OH – Paradatec, Inc., a leader in AI-based mortgage automation loan processing, will be presenting at next week’s Mortgage Bankers Association Secondary Market Conference & Expo 2019 at the Marriott Marquis in New York City.
“We continue to see great adoption of our solution in the mortgage market. Our rich library of mortgage document knowledge and data extraction fields allow for shortened implementation efforts, and the scalability of our solution allows for the processing of millions of pages each day. For secondary marketing executives needing a scalable high-volume solution with proven efficiency gains, our combination of AI-driven decisions and processing speed are unparalleled,” said Neil Fraser, Paradatec’s Director of US Operations. He continued, “We see more players coming into our space, but few can match our strong history of 12 years in the mortgage market, processing nearly one million loans per year across our client base. “
A recent FannieMae survey of mortgage lenders identified API integration and OCR as the two technologies offering the greatest opportunity for process improvement in their operations. Regarding this, Fraser went on to state “We agree, and have seen our solution deliver such results time and again. We look forward to sharing how our solution can expedite the MSR onboarding process with folks at the MBA Secondary Marketing Conference and Expo.”
Paradatec leadership will be available for meetings in booth 221 of THE HUB from Sunday, May 19 through Tuesday, May 21. Private appointments can also be requested via the Contact page at www.paradatec.com/contact-us/.
Paradatec’s mortgage automation solution offers 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 nearly 750 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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