Vaultedge Mortgage Automation software automatically classifies different documents in a Mortgage Application package and then extracts relevant data from each document. While other competing software extracts data only from structured documents/forms, Vaultedge software can extract data both from structured documents (like URLA/1003) and from unstructured documents (like Credit Report or Sale Agreement). Vaultedge helps you accelerate the mortgage origination & on-boarding process so that mortgages can be closed faster and at less expense.
Vaultedge Mortgage Automation software produces two outputs:
1. An indexed mortgage document list and corresponding documents
2. Extracted data from Mortgage Documents, as a spreadsheet
The robot uploads each document into the corresponding tab into the downstream system, which is typically a Loan Origination System like Encompass.
The robot picks the data from spreadsheet and populates corresponding fields in Loan Origination System like Encompass.
Vaultedge Mortgage Automation is a product of Vaultedge Software, an AI software company that helps enterprises extract relevant information from unstructured documents. Vaultedge software is being used by companies like Accenture, Fidelity and PwC to automate information extraction from a variety of documents like Legal agreements, Mortgage applications, Credit reports, Financial statements etc. Vaultedge software helps you save upto 90% of time spent in information extraction and at the same time improve accuracy.