How to Improve Mortgage Processing with Document Automation

To automate your mortgage process, using the best possible document classification technology—better known in the mortgage industry as Optical Character Recognition (OCR) —leads to significant improvements. If loan file processing were a human body, document classification would be the eyes and the brain. Eyes to read, and a brain to learn and to process the information.

Recent advancements in the application of AI and Machine Learning technology have led to a new breed of “smart” OCR software called Cognitive Capture. This eBook addresses the challenges faced by legacy OCR and RPA and then focuses on how Cognitive Capture Software (CCS) addresses and overcomes these challenges. 

Publisher: Parascript
By: Dan Lucarini
Date: April 2021

Most Popular Articles

Volume-hungry mortgage lenders loosen credit standards

Mortgage credit availability loosened up in April by 2.2%, per the MBA. The drivers were in conventional mortgages and GSE programs for ARMs and high-balance loans.

May 11, 2021 By

Latest Articles

Genworth mortgage insurance arm IPO on ice

Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings.

May 13, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please