Leading Publicly Traded REIT Invests in Ephesoft Mortgage Automation Solution
$700K+ Investment for Mortgage Document Classification and Data Extraction Software & Services
Laguna Hills, CA., June 9, 2015 – Ephesoft Inc., creators of the industry-leading Smart Capture® advanced document capture platform, announced today that a leading US real estate investment trust (REIT) has purchased Ephesoft Enterprise to automate the classification of millions of mortgage-related document images annually. The solution was purchased through Ephesoft 2014 partner of the year Zia Consulting and is valued at more than $700K.
“It is critical for real estate investment trusts to understand and analyze the composition of their mortgage holdings,” explained Ike Kavas, Chief Technology Officer at Ephesoft. “We are confident that this customer will find that Ephesoft Enterprise will make a significant contribution in streamlining the extraction of the important data contained in their portfolio.”
“Based on findings from our clients in the mortgage industry, automating loan processing can lead to upwards of a 700% increase in productivity,” said Pat Myers, EVP and Co-Founder of Zia Consulting. “Ephesoft Enterprise will undoubtedly provide this REIT a competitive edge with unparalleled efficiency and accuracy.”
About Ephesoft:
Ephesoft, Inc. delivers our exclusive Smart Capture® intelligent capture technology on-premise or in a SaaS model. With a focus on efficiency and reliability, Ephesoft has crafted the next generation of intelligent document capture in a simple and cost-effective application. Our superior classification technology allows organizations to automate and streamline mailroom processing and other document-based business processes. Ephesoft is headquartered in Laguna Hills, California, with regional offices throughout the US. Our global operations for the EMEA territory is in Reading, England. The company is undergoing rapid growth and has customers in over 30 countries. To learn more, please visit www.ephesoft.com or call 949-335-5335.