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Zia Consulting and Rocket Software were at MBA Tech 2022

The MBA’s Technology Conference took place between April 11th – 14th at the Bellagio Hotel in Las Vegas. This was the largest annual gathering of real estate technology professionals, and an important event for getting access to the industry’s power players and innovators. This year, MBA Tech had more than 75 exhibitors, 120 industry experts, 1,200 residential and commercial real estate finance professionals, and unlimited tech solutions. This event brought an audience of CEOs, CTOs, CIOs, COOs, CISOs, Information Technology professionals, Fintech investors, and Mortgage executives, chief innovation officers and business systems managers looking for cutting-edge technology solutions.

Zia Consulting and Rocket Software were honored to be part of the largest annual gathering of real estate technology professionals. Of course, we had a booth that gave attendees an opportunity to Grip It and Rip It with our fun mini golf game. Many walked away with fabulous prizes! 

Our booth also featured one of our newest offerings: Ephesoft Mortgage Powered by Zia and gave people a chance to watch our demo on our hyperautomation mortgage solution. Our conversations were inspiring and engaging. If you were able to attend, I am sure you saw how this solution can help you deliver significant cost savings, offer accelerated revenue opportunities, and improve visibility into the process for enhanced compliance. If not, we recommend you click on the links above and learn more about how this powerful offering can change the way you do business. Either way, the next step is to discuss exactly how our service can support your specific needs. We are here to figure it out with you!

Why Automate Mortgage Processes

Now, more than ever, mortgage companies are pushed to look for solutions that can improve a wide range of business processes related to mortgage documents. This is largely due to new regulatory requirements, enhanced oversight, and industry consolidation and restructuring. We shared how our solution solves some of the most challenging mortgage problems. 

Labor-intensive and costly processing methods are no longer possible for banks that want to compete in a market with an average mortgage loan of more than 500 pages and hundreds of document types. The good news is that Zia Consulting has mortgage loan automation systems that deliver significant cost savings, offer accelerated revenue opportunities, and improve visibility into the process for enhanced compliance and business intelligence. We can drastically reduce manual labor costs throughout the loan production lifecycle and are seeing success with companies across the industry. 

How Zia Tackles Loan Automation

Our booth had valuable information about Ephesoft Mortgage powered by Zia. You can always learn more by watching the demo on our hyperautomation mortgage solution. This solution removes the pre-production work required by other systems, as it’s enabled to automatically recognize hundreds of mortgage document types. Ephesoft Mortgage provides a “pre-trained” version of Ephesoft that has been tested against millions of documents. It is also configured to extract data from documents like the Closing Disclosure and Loan Estimate, among others. This solution allows you to classify, extract, and export information to the system of your choice.

Our solution integrates four components of the loan automation process. First, our system performs regression testing of the classification, assembly, and indexing of data to verify changes made in the configuration. Second, it has the ability to create a loan folder with documents that have been automatically classified, extracted, stacked, and verified. This includes structured, unstructured, and semi-structured content from a variety of sources like portal upload, email, fax, and scan. The solution also integrates to line-of-business systems like LOS and servicing systems, and has the ability to be customized as desired. Finally, it makes it easy to prepare closing documents by assembling the right documents and ensuring that nothing is missing. An automated alert is sent to the appropriate party should a required document be misplaced. 

There are a number of benefits. Customers can expect a reduction in labor costs when they replace manual processes with automated technology. Long processing times go down by using integrated solutions in place of lengthy mortgage loan life cycles. This kind of automation reduces human error to .5% or less, which ensures that the organization is TRID compliant. In the end, customers are more satisfied because their data is accurate and loans are processed quickly. 

Companies see extraordinary results, including a 700% increase in employee productivity and a 50% decrease in employee hours spent on the classification and verification of data. I am sure you want to see these kinds of results too! 

Contact us today  to learn how our service can support your specific needs. 

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