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When evaluating AI automation technologies, what are the key attributes to assess?

Meeting HMDA reporting requirements doesn’t have to cost an arm and a leg—nor does it have to distract your team from growing business and making money.

Meeting HMDA reporting requirements doesn’t have to cost an arm and a leg—nor does it have to distract your team from growing business and making money.

It’s hard to imagine a faster way to process loan documents than through automated mortgage document indexing (ADR) and automated data capture technologies, which are capable of “reading” entire pages of information in milliseconds.

Northpointe Bank Case Study Northpointe Bank This nationwide correspondent lender needed a solution to replace its manual loan indexing and data capture processes, which were prone to error and creating excessive labor costs. Solution After an exhaustive evaluation process, Paradatec was determined to be by far the fastest OCR and ADR technology on the market. […]

Our technology can process roughly 3,600 pages per hour per processor core scaling almost infinitely, which is at last five times faster than any other product on the market today.