
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
ABBYY
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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.