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Mortgage Loan Processing AutomationABBYY

ABBYY automates mortgage loan processing by transforming document-intensive tasks into efficient workflows. This improves data accuracy and speeds up loan approvals, enhancing the customer experience.

Vendor

Vendor

ABBYY

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Company Website

Product details

Improve customer experience with intelligent automation

Provide rapid, accurate responses to loan applications with intelligent document processing. Automate loan application and approval processes ABBYY helps lenders streamline mortgage loan processes by transforming these notoriously high-volume, document-intensive processes into easy and efficient flows. Automated document classification and extraction of data at the point of entry enables rapid and accurate transfer of data to scoring systems—greatly improving the customer experience.

Features & Benefits

Identify key touchpoints with people and documents, where processing bottlenecks occur, where automation works, and opportunities for streamlining document input and verification.

Process all document types

Use a single platform for capture and process automation of mortgage loans, opening of accounts, credit card application processing, and more.

Improve data capture process

Capture at the point of service with mobile and low-code browser apps, with contactless centralized processing.

Improve Accuracy

Achieve the highest level of data extraction accuracy, from structured and unstructured documents: contracts, lease agreements, and titles.

Crimes and fraud detection

Process loopholes and suspicious documents are the most likely vulnerabilities banks have to potential crimes and fraud. ABBYY helps banks identify and counter these vulnerabilities early with both the process awareness and intelligent document processing that can establish the authenticity of documents from the moment they enter the process.

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