In today’s mortgage industry, a bank must have the capability to quickly classify and accurately extract data from documents—no matter if the data is coming from scans, faxes, emails, or electronic documents. Zia’s Advanced Closing Extraction (ACE) for Ephesoft removes the “pre-production” work required by other systems as it’s enabled to automatically recognize hundreds of mortgage document types. It’s a solution that, from day one, will allow you to classify and extract information, then export it to the system on your choice.
Focusing on the high number of document types included in any mortgage closing package, Zia partnered with a leading mortgage company to create a product for the classification and extraction of common closing documents from HUD-1 to GFE to TIL and even standard state documents. ACE provides a “pre-trained” version of Ephesoft Intelligent Document Capture technology and has been tested against millions of documents.
With its ability to accurately classify across hundreds of different document types–both federal and state specific forms–and extract information from key documents, the ACE product delivers:
- Cost savings with automated classification & extraction
- Reduced errors from manual entry
- Improved analytical data
Across both closing and post-closing processes, the benefits of ACE can be rapidly recognized by banks of all sizes and types. Use cases include:
- HUD-1 Extraction & Review for Settlement
- Classification of Closing Documents
- Extraction of Data at QA/Review
- Sort/Stack of Documents for Investors
Featured Case Study: RapidROI – Intelligent Capture with ACE
Interbank Mortgage Company saw a 700% increase in worker productivity by implementing Zia’s Loan Automation Solutions.