A more efficient method for Mortgage processing
Historically, it has been difficult for mortgage brokers to deal with the paper / electronic documentation challenge that plagues financial services, with most defaulting to slow, manual processing or rudimentary capture products that can only manage a limited number of document types. Until now. Shamrock’s end-to-end offering turns the promise of a totally digital mortgage processing solution into a reality.
Shamrock Solutions works for the financial services industry to save time, cost, paper, and hassle from the traditionally paper-centric task of mortgage processing.
Up to 57% of home buyers combine in-person conversations with prospective lenders and hard copies with online applications, creating a disparity between face to face and virtual interactions – hampering the need to process both paperwork and electronic documentation.
Identify, classify, separate, and organize loan applications automatically
Route loans to the appropriate processor for immediate attention
Utilize fixed form extraction, table extraction, database lookups, and FuzzyDB extraction to enhance accuracy of OCR
Eliminate delays and increase customer satisfaction and retention with faster processing by reducing paper processes
Remove manual tasks, allowing staff to concentrate on providing exemplary service
Expedite deployment by up to 80% using 600 mortgage-specific out-of-the-box templates