Posts that centralize around data and document processing for the mortgage industry. Includes specifics such as automated data extraction, document recognition, classification, versioning, data validation, OCR, Capture 2.0 and more.
Launched in April 2020, LoanLogics IDEA™ OnDemand, was designed to improve the speed, accuracy, and affordability of in-line mortgage doc processing. At the time of launch and ever still so, this digital assistant plays an important role cutting through the immense industry volume by using automation, not people, to classify documents and extract data. All in real-time! One of the…
Like most of the mortgage industry last year, LoanLogics was a flutter in activity helping lenders manage the tremendous tidal wave of doc processing that rushed in. This volume spilled into every facet of the loan life cycle from loan production through sale in the secondary market. LoanLogics’ ability to keep pace during times like these is due largely to…
Many might know LoanLogics as a QC company, but our technology and services support the needs of residential mortgage lenders, servicers, insurers and investors. Our capabilities span the loan life cycle providing oversight across origination, correspondent loan acquisition, MSR transfer and servicing. We are innovating in machine learning doc processing automation and mortgage quality control technology for our clients. The…
Two weeks ago, LoanLogics took part in MBA Annual 2020, as we do each year. Many of the sessions, as well as conversations in our booth, discussed overcoming the unique obstacles of 2020 and forward-looking strategies for 2021. Wanting to take a temperature reading of opinion during this unique time, we featured a short market survey in our booth. Below…
From regulation and compliance to investor guidelines, data accuracy undoubtedly must be at the core of everything the mortgage industry does. Speed and cost must also be properly balanced against it to succeed. Our director of technology discussed this in a 2018 blog post, “The Iron Triangle of Data Extraction.” LoanLogics certainly puts the importance of this message at the…
When we launched LoanLogics® IDEA OnDemand back in April, we knew it was a tool primed to transform loan production. This became increasingly clear, as we watched volumes shoot through the roof this summer. We saw how manpower alone could not efficiently manage the mushrooming mortgage document processing workload. Over the last few months while talking with lenders about the…
