Congratulations to Paradatec’s COO, Neil Fraser, for being selected as a 2025 Inman Best of Finance Award winner!
We’re delighted to thank Inman for honoring Paradatec’s support of the mortgage industry, as embodied in Neil — Paradatec Inc.’s COO since inception.
And with many Paradatec customers also appearing on this list, we’re especially appreciative of the recognition!
See all of the winners here: Inman Best of Finance Awards 2025
WILIMINGTON, Del. –– April 4, 2025 –– MortgagePoint, a multimedia news platform for the mortgage industry from origination to servicing to loss mitigation and default management by Five Star Institute, announced their selection of Paradatec for the inaugural MortgagePoint Tech Excellence Awards, designed to recognize the most innovative technology providers in the mortgage industry.
“We’re delighted to be honored for innovation in AI-based intelligent document processing,” said Neil Fraser, COO of Paradatec, Inc. “Our fast and reliable system automation helps clients spend more time with their customers, accelerate processes, and reduce risk throughout the loan lifecycle. Congratulations to the other honorees, and thank you to MortgagePoint for this wonderful recognition of Paradatec!”
More information is available in the links above, MortgagePoint magazine’s April print edition and their website at https://themortgagepoint.com.
About Paradatec
Paradatec is the leading provider of AI-based automated document analysis technology for the lending and real estate industries. We make your systems more effective by providing accurate information from your documents in real-time. Using machine-learning tools and pre-trained libraries, Paradatec finds over 9,500 data points in 975+ mortgage and real estate documents and transforms them into actionable data. The solution also supports document versioning, PII data redaction, signature tagging/identification and more. Paradatec’s clients include three of the 10 largest U.S. banks, five of the 10 largest servicers, and leading QC Audit and settlement service providers. Paradatec has the trust of the largest financial services providers to help them manage the lending lifecycle with high quality automation. Paradatec is a proud member of MBA, MISMO, and ALTA. For more information, visit www.paradatec.com.
Press Contact
Mary McGarity
Strategic Vantage Marketing and Public Relations
(203)260-5476
MaryMcGarity@StrategicVantage.com
Corporate Contact
Kim Weaver
Paradatec
(703) 298-2169
k.weaver@52.14.112.248
WILIMINGTON, Del. –– February 5, 2025 –– Paradatec Inc., a market leader in AI-based document analysis technology for the lending and real estate industries, announced today it has been honored with a 2025 HW Tech100 award by HousingWire magazine. This is the third straight year Paradatec has received the HW Tech100 award.
Now in its 13th year, the Tech100 program provides housing professionals with a definitive list of the most forward-thinking organizations in the industry.
Trusted by three of the top 10 U.S. banks and five of the largest mortgage servicers, Paradatec’s platform — which captures over 9,500 data points from more than 975 document types — offers unmatched capabilities in automated document identification and data extraction using deterministic AI technology. Coupled with its rules-based engine for comparing and evaluating data extracted from documents and source system datasets, the platform delivers explainable and auditable intelligent document processing results that streamline workflow processes, support risk management, and enhance data governance across enterprise operations.
“Being recognized as a 2025 HW Tech100 winner is a testament to Paradatec’s focus on solving real-world challenges faced by our financial service clients,” said Neil Fraser, COO of Paradatec Inc. “As a privately owned company, we are solely focused on helping our customers maximize their ROI from our advanced AI technology. We are fortunate to have both long-term clients and an expanding customer base trust and rely on our ongoing delivery of innovative solutions for their evolving needs in today’s complex mortgage industry.”
Last year, Paradatec introduced its Analytics module within its AI-Cloud platform, which is available in both SaaS and customer-cloud hosted models. The Analytics module enables clients to compare and evaluate data across systems and source documents with precision, powered by a flexible rules engine with a ready library of rules and an easy-to-use rule builder for customers to modify or add their own rules. Used with Paradatec’s API to efficiently exchange information with customer systems of record, and Paradatec’s workflow-specific configurations for document and data analysis, the Analytics module is the latest example of Paradatec’s commitment to customer-driven innovation.
For more information about Paradatec or to request a demo, please visit www.paradatec.com. Paradatec will also be available at booth #618 at the 2025 MBA Servicing Solutions Conference & Expo in Dallas, booth # 529 at the ICE Experience 2025 conference in Las Vegas, and other upcoming industry events and gatherings.
Read HousingWire’s write-up on Paradatec here.
About Paradatec
Paradatec is the leading provider of AI-based automated document analysis technology for the lending and real estate industries. We make your systems more effective by providing accurate information from your documents in real-time. Using machine-learning tools and pre-trained libraries, Paradatec finds over 9,500 data points in 975+ mortgage and real estate documents and transforms them into actionable data. The solution also supports document versioning, PII data redaction, signature tagging/identification and more. Paradatec’s clients include three of the 10 largest U.S. banks, five of the 10 largest servicers, and leading QC Audit and settlement service providers. Paradatec has the trust of the largest financial services providers to help them manage the lending lifecycle with high quality automation. Paradatec is a proud member of MBA, MISMO, and ALTA. For more information, visit www.paradatec.com.
Press Contact
Mary McGarity
Strategic Vantage Marketing and Public Relations
(203)260-5476
MaryMcGarity@StrategicVantage.com
Corporate Contact
Kim Weaver
Paradatec
(703) 298-2169
k.weaver@52.14.112.248
Paradatec is pleased to announce Neil Fraser, COO of Paradatec, was selected by Inman as a 2024 “Best of Finance” Award winner, for the second year in a row. “I’m honored to receive this award in recognition of Paradatec’s 15-year track record of using AI to solve complex mortgage and real estate problems,” Neil shared. “Inman has an extensive and in-depth view of the industry and we appreciate Paradatec being included in this list of innovative companies.”
Emily Paquette, Inman CEO, said the awards recognize “extraordinary achievements of professionals who are setting new standards in the mortgage and financial services sectors of the real estate industry.”
Paradatec extends its congratulations to all of the winners, which includes many companies who are also Paradatec customers. Learn more about the Inman Best of Finance awards at https://www.inman.com/best-of-finance-awards/.
Paradatec’s COO Neil Fraser is looking forward to great discussions at the HousingWire AI Summit July 23 in Dallas, TX.
Congratulations to HousingWire for another sold out event!
WILMINGTON, DE–February 15, 2024 –– Paradatec Inc., a market leader in AI-based document analysis technology for the lending and real estate industries, announced the availability of a new Analytics module that automatically compares system-of-record data from different systems with extracted and calculated data from source documents and datasets. Returning fully traceable and auditable results, the Analytics module in Paradatec’s AI-Cloud platform improves overall data accuracy and flags unusual data, therefore enabling organizations to significantly reduce labor costs, improve the quality of their loan files, and enhance their fraud detection capabilities.
Manually comparing extracted data from multiple source documents to data stored in various operational systems is time-consuming, labor-intensive and prone to errors. Paradatec’s new Analytics module bridges these gaps and accelerates the process of data harmonization by automating data review, enabling lenders and servicers to make informed decisions with confidence while streamlining their operations and lowering costs.
“Our new Analytics module is another example of our ongoing investment to deliver customer-requested practical, tangible innovation for our valued clients and the mortgage industry,” said Neil Fraser, director of U.S. operations at Paradatec. “Customers have told us they are investing in their own capabilities or third-party systems to automate complex workflows, and they are depending on Paradatec to help them identify, cleanse and translate the data those workflow automation systems require.”
The Analytics module uses a flexible rules engine, allowing clients to augment Paradatec’s rules with their own business rules for data comparison purposes. Leveraging Paradatec’s market-leading AI-based document classification, versioning and data extraction capabilities, the Analytics module uses data from multiple sources and automates data calculations and comparisons. Once an audit is complete, whether within a process or for the whole file, Paradatec’s flexible API returns results and data using configurable triggers and translation formats into customers’ downstream systems.
For more information about Paradatec or to request a demo, please visit www.paradatec.com. Paradatec will also be available in booth #711 at the 2024 MBA Servicing Solutions Conference & Expo February 20-23, and in booth #629 at the ICE Experience 2024 conference March 18-20.
About Paradatec
Paradatec is the leading provider of AI-based automated document analysis technology for the lending and real estate industries. We make your systems more effective by providing accurate information from your documents in real-time. Using machine-learning tools and pre-trained libraries, Paradatec finds 8,500 data points in 850 mortgage and real estate documents and transforms them into actionable data. The solution also supports document versioning, PII data redaction, signature tagging/identification and more. Paradatec’s clients include three of the 10 largest U.S. banks, four of the 10 largest servicers, and leading QC Audit and settlement service providers. Paradatec has the trust of the largest financial services providers to help them manage the lending lifecycle with high quality automation. For more information, visit www.paradatec.com.
Press Contact
Mary McGarity
Strategic Vantage Marketing and Public Relations
(203)260-5476
MaryMcGarity@StrategicVantage.com
Corporate Contact
Kim Weaver
(703)298-2169
k.weaver@52.14.112.248
For the second consecutive year, Paradatec is proud to join HousingWire’s 2024 Tech100 leaders.
HousingWire’s announcement reads:
“Trusted by three of the 10 largest U.S. banks and four of the 10 largest servicers, Paradatec is the mortgage industry’s leading provider of AI-based automated document analysis technology — and it continues to grow.”
Thanks to all of our valued clients and to HousingWire for this award. Indeed, we ARE still growing and innovating, and we’ll have an exciting announcement to share soon!
Spend a few minutes with Paradatec in booth 711 at the MBA Servicing Conference February 18-20 to learn how our solution can improve the efficiency of your loan processing operation.
Kim Weaver shares her thoughts on why now is the time for organizations to reevaluate their document automation strategy. Successfully leveraging the latest AI technologies will help mortgage originators, servicers, and investors reduce cost and improve cycle times.
Click here for the article: https://newslink.mba.org/mba-newslinks/2023/august/mba-newslink-thursday-aug-10-2023/havent-reevaluated-your-document-automation-strategy-yet-nows-the-time/
WILMINGTON, DE–March 30 –– Paradatec Inc., a market leader in AI-based document analysis technology for the lending and real estate industries, announced its AI-Cloud solution is now integrated with Path Software, the industry’s most modern and flexible mortgage loan origination system.
“At a time when originators are striving to reduce costs, we’re thrilled to help Path users achieve source document data accuracy and speed at scale,” said Mark Tinkham, director of Strategic Business Allliances at Paradatec. “AI-Cloud’s lights-out document automation ensures more banks, lenders and brokers get the data they need to power their downstream systems. We look forward to a long and valuable partnership with Path Software and share their commitment to industry innovation.”
“We’re delighted to partner with Paradatec, an industry leader in AI-based document automation,” said Joy Ziminskas, director of Business Development at Path. “The company’s track record of applying AI to streamline document classification and data extraction processes will be of enormous benefit to our clients, enabling them to lower costs and improve efficiency while providing a better customer experience for their borrowers.”
The integration pairs Path with AI-Cloud, Paradatec’s AI-based document classification, versioning and data extraction technology. Through the integration, AI-Cloud automatically retrieves a lender’s loan documents for classification from within Path, indexes and meta-tags them, and returns the documents to Path.
Paradatec’s AI-Cloud automated document analysis technology uses AI-based machine-learning tools and pre-trained libraries to find and capture over 8,500 data points trapped in over 850 mortgage and real estate documents and transforms them into actionable data.
Path is an innovative, cloud-based solution designed to simplify the loan process while still providing lenders the controls and flexibility they need to run their business. Path is configurable to the lenders’ specific needs, including workflows, roles, organizational structure, and compliance controls. This data-driven platform is device independent and can be conveniently accessed from any web-connected device. Path also includes a compliance management platform, Path Agile Compliance™, that provides proactive, automated compliance alerts, audit trails and parallel compliance workflows.
About Paradatec
Paradatec is the leading provider of AI-based automated document analysis technology for the lending and real estate industries. We make your systems more effective by providing accurate information from your documents in real-time. Using machine-learning tools and pre-trained libraries, Paradatec finds 8,500 data points in 850 mortgage and real estate documents and transforms them into actionable data. The solution also supports document versioning, PII data redaction, signature tagging/identification and more. Paradatec’s clients include three of the 10 largest U.S. banks, four of the 10 largest servicers, and leading QC Audit and settlement service providers. Paradatec has the trust of the largest financial services providers to help them manage the lending lifecycle with high quality automation. For more information, visit www.paradatec.com.
About Path Software
Path Software is the industry’s most modern and flexible mortgage loan origination system, delivering a fully digital, secure, and compliant workflow that is highly configurable and simultaneously accommodates retail, wholesale, correspondent and TPO channels. Path is cloud-based, scalable and device independent, allowing loans to move seamlessly across departments with real-time updates and analytics to improve employee productivity. Its built-in point-of-sale component allows loan officers to capture borrower information that is directly integrated into the Path platform and conveniently accessible via their personalized URL and branded landing page. For more information visit pathsoftware.com.
Press Contact
Mary McGarity
Strategic Vantage Marketing and Public Relations
(203)260-5476
MaryMcGarity@StrategicVantage.com
Corporate Contacts
Paradatec
Mark Tinkham
(612)462-2025
m.tinkham@52.14.112.248
Path Software
Amanda Gonzalez
(212)995-8058
amanda@campbelllewis.com
Not to be outdone by the Oscars during our industry’s award season, Paradatec is proud to join HousingWire’s 2023 Tech100 leaders.
HousingWire’s announcement reads:
“For more than a decade, HousingWire’s Tech100 program has identified and recognized the most innovative technology companies serving the mortgage and real estate industries.
The 2023 Tech100 Mortgage winners are continuing to bring innovation to the mortgage process – from origination to closing, and servicing to secondary markets. Their groundbreaking technologies and visionary ideas are transforming the way we buy, sell, and finance homes.”
Many thanks to HousingWire for recognizing our efforts to continually increase the value our solution delivers!
Spend a few minutes with Paradatec in booth 400 at the MBA Technology Solutions Conference next month to learn how our solution can improve the efficiency of your loan processing operation.
From originators to servicers, BPOs and external due diligence firms trust Paradatec to streamline document processing.
