We used to hear a lot of chatter in the marketplace about “OCR this” and “OCR that” and how it’s the next best thing since sliced bread. Well, it may have been until someone came along and slathered some warm melted Kerrygold butter on it (this is not a paid advertisement) and a healthy sprinkle of cinnamon – sounds much…
The idiom, “it all comes out in the wash”, according to one of two Merriam Webster definitions, is used to say that the truth will be known in the future. The same can be said about what will come out in an effective loan quality management process. Pre close reviews can be thought of as “pretreatment” of loan file data…
AI, ML, ADR, ADE, OCR.…with all these acronyms even the most tech savvy lenders need a little help boiling down the alphabet soup of technologies swirling around the mortgage industry these days. Before you can truly understand how these intelligent solutions are solving the challenges in mortgage data and document processing, it’s important to understand the basics. As such, we’ve…
Today’s data and doc processing solutions have evolved beyond simplistic OCR solutions to include new machine learning and searching technologies. These new, state of the art technologies, significantly expand the number of documents that can be classified and read, as well as greatly increase the number of data elements that can be extracted using automation. Machine learning, sophisticated data extraction…
Few would argue closed loan acquisition is complex. Managing risk against faster turn-times, while trying to maintain relationships with sellers surely keeps many of correspondent investors awake at night. Go too fast, increase your risk. Go too slow, stress margins and ultimately lose sellers. How can correspondent investors minimize portfolio risk while going for speed? By bringing intelligent, automated data…
