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Mortgage Processing
There’s No Place Like Home Loans for Digital Transformation
Are you struggling to move your mortgage processing into the 21st century? Relocate to a more contemporary neighborhood. Ephesoft turbo-charges mortgage processes with AI-based technology built to recognize and extract valuable business information from your key loan documents. Once documents have been captured and extracted, information can be fed directly into your loan origination system — the definition of throughput efficiency. Delight mortgage customers with quick decisions and transparency in their loan process.
Fast Mortgage Facts
Size of a ResidentialMortgage File:
350 Pages or More
Cost ofOrigination
2013 2019
$5,603 $8,600
Average Time toProcess a Mortgage:
18-40 Days
Loan costs have shot up! According to the Mortgage Banker’s Association, the average cost of origination has increased by more than 50% since 2013. Reducing processing costs with modern capture-and-extract technology is a key element of reaching the promised land of digital transformation.
Close Faster, Risk Less
When it comes to loan efficiency, Ephesoft Transact is a crowd-pleaser. Transact frees up considerable time by classifying, sorting and validating documents – so you have more time for due diligence and regulatory compliance, while still making decisions with speed your customers expect.
Of course, you want to mitigate risk but you also want to respond to customers quickly. The first step? Onboard customer information with minimal human interaction. Ephesoft Transact helps you reduce risks associated with fraud and non-compliance.
By extracting the important content from data hidden inside mortgage application documents and feeding it directly into underwriting systems, Transact helps you avoid missing or incorrect information.This means you can quickly verify information and don’t have to annoy your customers with endless requests for the same information. And, you don’t like to be annoying, do you?
About Ephesoft Transact
Ephesoft Transact recognizes hundreds of document types and learns more every day. By automatically analyzing and sorting documents, Ephesoft helps you reduce labor costs and manual processing errors while maintaining data accuracy.
Ephesoft Cloud HyperExtender
Add big-time cloud processing capacity. Ephesoft Cloud HyperExtender maintains performance, even during peak demand.
Case Studies
Ephesoft empowers customers in the mortgage industry to transform business operations and deliver value.
