SoftWorks AI’s program, Trapeze for Mortgage Automation, allows lenders to reduce manual labor by automatically classifying and extracting loan packets.

The technology enables firms to cut loan processing time from two hours to five minutes with 99% accuracy. Using artificial intelligence and machine learning, F1Trapeze can  recognize, classify and split more than 450 mortgage-based documents. More than 85% of documents no longer require manual validation. The program allows users to approve or deny loan applications with as little time and effort possible, thereby helping financial institutions acquire more profitable loans in an efficient manner.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

MoxiWorks acquires marketing automation services company Imprev

Real estate technology firm MoxiWorks announced this week that it has acquired Imprev, a provider of real estate marketing automation services.

Nov 14, 2019 By