Like most of the mortgage industry last year, LoanLogics was a flutter in activity helping lenders manage the tremendous tidal wave of doc processing that rushed in. This volume spilled into every facet of the loan life cycle from loan production through sale in the secondary market. LoanLogics’ ability to keep pace during times like these is due largely to our experience in this space and the power of our technology automation.
In a late 2019 blog post, “Boiling Down the Soup of Intelligent Technologies”, we discussed the different technologies used by today’s data and doc processing providers. Our Intelligent Data Extraction & Automation solutions, LoanLogics IDEA™ Services and IDEA™ OnDemand, leverage advanced, intelligent technologies like machine learning powered automated document recognition (ADR) and automated data extraction (ADE) to drive up the speed and accuracy of this largely labor intensive process in our industry.
For these technologies to optimally perform they must be trained against a large variety of document types, which requires both experience and a volume of document examples.
For more than a decade, LoanLogics has achieved data and doc processing scale to become one of the industry’s most trusted providers in this space. Below we share the stats “behind the automation.”
For more information on the pure power in LoanLogics automation view this INFOGRAPHIC. Then reach out to us for a 30-minute call to discuss how we can help you transform your data and doc processing outcomes in 2021.