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Zia Consulting was excited to join ASG Technologies and Ephesoft for MBA’s Annual Convention and Expo in beautiful San Diego from October 17th – 20th. This is the largest annual gathering of real estate finance professionals, and the one event we know gives us a chance to connect with some of the industry’s power players and innovators.

We enjoyed our time connecting with those who visited our booth and joined us in a game of mini golf. Congratulations to our winners! We also shared a demo of our Hyperautomation Mortgage Solution and provided information about another one of our newest offerings, Ephesoft Mortgage Powered by Zia.  This brought attention to some of the issues around squeezed margins and high volumes of content that require more manual work. 

Hyperautomation is critical to being able to handle growing volumes of content with fewer people. Those who do not take action are falling behind their competition. Sadly, increasing costs have squeezed profit from companies that need to remain competitive on cost. This means companies need to become educated on the path to automation, integration, workflow, and auditability. The first component of hyperautomation is identifying use cases that need to be automated, and iterating quickly to get solutions in your production environment as quickly as possible to realize ROI. This could mean automating the document classification, indexing information off the documents, and driving business processes based on the information. These processes include verifying that underwriters have all they need for processing, automating some underwriting, and ensuring compliance using things like loss mitigation workflow, integrating to line of business systems like LOS, servicing, and POS, and much more. 

Ephesoft Mortgage Powered by Zia assists in the automation of document capture for mortgage lines of business spanning borrower documents, closing packages, post close audit, mortgage insurance, and any document based process. Ephesoft Mortgage has hundreds of pretrained documents and can be integrated with your current processes. We shared our solution for Ellie Mae’s Encompass, as well as how to integrate with processes like LOS, Servicing, self service portals, and document repositories. Ephesoft Mortgage can be customized for other document types, extracted fields, or validation. Finally, it includes additional priority tools, as well as regression testing capabilities.

It is important to know that Investors and mortgage insurance companies are even more thorough in their compliance reviews, and non-compliant loans are likely to go back to lenders. Our Privacy Aware Governance roadmap is designed to provide a series of sprints that result in quick wins for your organization. We can help you identify redundant, obsolete, and trivial (ROT) data, while also incorporating redaction and retention rules that ensure both corporate and government compliance.  While it is possible to manage this process manually, our technology effectively automates and “back-stops” compliance. That way, lenders can obtain and transmit accurate data in a timely fashion.

Hyperautomation, automation of document capture for mortgage, and compliance are of the most important considerations in the mortgage industry today. Zia Consulting discussed these in more detail during the show. It is our goal to help you save money, accelerate revenue opportunities, and improve visibility into the process for enhanced compliance. Contact us today and we will help you stay ahead in an increasingly competitive world.

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