mortgage Loan automationDrastically reduce manual labor costs and eliminate errors throughout the loan production lifecycle.
New regulatory requirements and enhanced oversight, combined with industry consolidation and restructuring, have pushed banks to look for solutions that can improve a wide range of business processes related to mortgage documents. With the size of an average mortgage loan at more than 500 pages—and hundreds of different document types—the labor-intensive and costly processing methods used in the past are no longer possible for banks that want to compete.
Zia Consulting provides mortgage loan automation systems for companies across the industry.
We deliver significant cost savings, offer accelerated revenue opportunities, and improve visibility into the process for enhanced compliance and business intelligence.
LOAN AUTOMATION SYSTEM DEMO
Integrate your LOS with our automation solution to process everything from borrower’s supporting documents to closing documents.
Mortgage Problems We Solve
Replace manual processes with automated technology.
Long Processing Time
Reduce the lengthy mortgage loan lifecycle with integrated solutions.
With 99.5% accuracy, ensure your organization is TRID compliant.
Low Customer Satisfaction
When data is accurate and loans are processed quickly, customers are happy.
Our Loan Automation Solution Tackles:
Intake of Borrower Documents
The system creates a loan folder with documents that have been automatically classified, extracted, stacked, and verified. Documents can come from any source—portal upload, email, fax, or scan—and can be of any type—structured, unstructured, or semi-structured
Intelligence and Analytics
When data is complete and accurate, the right decisions are easier to make. With full insight and data analysis, you can quickly evaluate loans for underwriting. You can also understand where there are bottlenecks in your process, who is not performing to standard, and where quality may be lacking.
Implementing a workflow solution ensures that customers are notified if documents are missing, disclosures packages are assembled completely, documents are properly signed, and that you are fully compliant with regulations. Our solution integrates with your LOS—it does not replace it.
Preparation of Closing Documents
Our solution assembles the right documents for closing packages and ensures that nothing is missing. Should a required document be misplaced, an automated alert is sent to the appropriate party.
Join Pat Myers for this demo of ACE, including TRID document support.
Advanced Closing Extraction
Advanced Closing Extraction (ACE) for Ephesoft removes the pre-production work required by other systems, as it’s enabled to automatically recognize hundreds of mortgage document types. ACE provides a “pre-trained” version of Ephesoft and has been tested against millions of documents.