Intelligent Automation for Financial Services

Smarter, faster banking for today’s customers.

Mortgage loan processing

Streamline mortgage loan processes by transforming your high-volume document-intensive processes.

In times like these, marked by lower interest rates, economic slowdown, reduced staff, and a rise in loan modifications and forbearances…the backlog of loan files for lenders will become overwhelming.

Automate loan application and approval to improve customer experience

ABBYY helps lenders streamline mortgage loan processes by transforming these notoriously high-volume document-intensive processes into easy and efficient flows, using Process Intelligence, target scanning, OCR, and verification of all loan documents at the point of entry via a single web-based interface. A typical loan folder consists of various document types with an average of 100-200 pages in total. As operations in this area are so document-intensive, streamlining the loan application and approval process with automated document classification and extraction is key to improving the customer experience. Captured data is transferred to a scoring system that provides information on a client’s credit worthiness and makes recommendations whether to authorize the loan, ensuring the accuracy of the client’s information for determining loan terms.

Lending - Increase Transparency and Collaboration Throughout the Loan Lifecycle

Solution brief

ABBYY helps financial institutions increase transparency and collaboration throughout the loan lifecycle and access the valuable, yet often hard to attain, insight into their operations that enables true business transformation.

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Features & Benefits

Discover your loan processes to identify key touchpoints with people and documents, where processing bottlenecks occur, where automation works, and opportunities for streamlining document input and verification.

Benefits 111B 77X77

Mobile capture allows customers to deposit checks from anywhere through input devices including smartphones and tablets. Automated and centralized processing of checks with verification against customer information reduces error-prone and slow manual processing and speeds time to payment.

Benefits 201V 77X77

Natural Language Processing (NLP) technology provides highest level of entity extraction accuracy, especially from complex from unstructured documents like real estate contracts, lease agreements, and titles.

Benefits 113R 77X77

No installation at the branch or customer is required; financial document scanning and validation can be done anywhere via a web-based interface.

Benefits 118B 77X77

Use a single platform for capture and process automation of mortgage loans, opening of accounts, credit card application processing, and more.

Benefits 185V 77X77

Reduce turnaround and processing friction by eliminating manual labor (sorting, classifying, searching and handling).

Benefits 190R 77X77

Capture at the point of service with mobile and low-code browser apps, with contactless centralized processing.

Benefits 118B 77X77

Classify and extract data from any form or document.

Financial Services - Ready for Business in the Year of COVID Transition

Blog article

In combination of managing an exponential increase in financial transactions, and adjusting to new circumstances amid a pandemic to conduct business from a safe distance or shelter has forced financial organizations to take a close look at their technology priorities, and to do it fast.

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