SoftWorks AI

HW Tech100

Helping leading mortgage services providers work faster, smarter, and more effectively.

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SoftWorks AI provides intelligent mortgage automation solutions that address all phases of the mortgage lifecycle. Built with the latest in computer vision, AI and machine learning technologies, our solutions optimize document-driven workflows so your processes run faster. SoftWorks encourages organizations to move beyond outdated approaches to mortgage processing. Skilled, knowledgeable workers should not have to spend hours reading and manually evaluating hundreds of pages of loan data. That is why SoftWorks created Trapeze for Mortgage Automation. It uses advanced technologies to automate the identification, classification, prioritization and assembly of loan packets and their data. The solution extracts and validates critical data from input documents with exceptional accuracy further helping your team become more productive and with less effort.

  • With the use of automated data extraction and classification of loan documents, loan packet processing time was cut by 96%.
  • It has an ever-growing library of more than 700 prebuilt mortgage documents.
  • Its prebuilt library configures to extract more than 6,500 data points thus freeing knowledge workers to focus on more valuable tasks.

Onboard loans with minimal humans in the loop, at accuracy rates of more

Company Website:

https://www.softworksai.com/

Markets Served:

Loan Origination, Servicing, Secondary

Company HQ:

Forest Hills, NY

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