Arrive at virtual banking faster.
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.
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.
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.
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.
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.
Find out how ABBYY Digital Intelligence solutions for Financial Services can address your needs.
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