Mphasis Digital Risk’s Luminate is a fully automated mortgage document processing platform which uses ADR, OCR and RPA technology to enhance customer experience and improvement in cycle times, all while maintaining risk management and compliance in document management. Luminate helps to expedite and simplify the mortgage document review process by streamlining and automating conversion, document standardization and password stripping in pre-processing. The platform can be integrated anywhere in the loan lifecycle (inline or post-close) and can learn over time to increase the accuracy of all outputs.
- 90% improvement in document indexing turn times
- Up to 80% elimination in checklist driven workflow activities
- 50% to 90% reduction in human costs for data capture