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Mortgage Processing
Digital Transformation Starts Here
Isn't it time for your customers to get faster results with the biggest purchase of their lives? Accelerate your mortgage processing and underwriting to improve client experience and achieve zero-defect loans. Using AI-based technology, Ephesoft is 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.
The 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 are increasing. 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 content acquisition technology is a key element of achieving digital transformation.
Close Faster, Risk Less
When it comes to loan efficiency, Ephesoft Transact delivers productivity and accuracy. 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.
With Ephesoft, you can mitigate risks and respond to customers quickly. With hundreds of mortgage documents to process for every loan, quickly onboarding customer information without manual data entry is the first step towards solving these challenges.
By extracting important content from data hidden inside mortgage application documents and feeding it directly into underwriting and loan origination systems, Transact helps you avoid missing or incorrect information. This means you can quickly verify information and don’t have to repeatedly ask your customers for the same information.
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
Boost processing capacity with a hybrid cloud solution. 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.
