This is much more than optical character recognition. With Paradatec’s AI capabilities, recognized text is machine-read to establish contextual understanding, just as if a person were reading the data. Out of the box, this capability enables indexing of more than 750 types of mortgage documents and extraction of loan data with extreme accuracy in milliseconds. You will also be able to do away with manual filename mapping and automatically audit loan data when boarding loans—in some cases fully eliminating the need for human intervention.

Nobody does automated document processing better.

With Paradatec’s secure cloud environment hosted by Amazon Web Services, your volume can scale almost infinitely—either up or down. If needed, an entire loan portfolio of 1 million loans or more can be processed in the cloud in as little as 30 days.

Plus, once implemented, you will not have to invest a dime into IT support to get the most powerful document processing technology in the industry.