How a top mortgage servicer reduced loan boarding cycle time by 50% with Vaultedge
This case study explores how a top mortgage servicer automated document collection, indexing and data validation with Vaultedge to achieve the following outcomes:
Reduced end to end turnaround time for loan boarding by 50%.
Achieved scalability in operations without compromising accuracy.
Increased the number of loans boarded per person per month by 4 times.
Mortgage Servicer Case Study : Automating document indexing & data extraction to board bulk loans efficiently
Explore how BSI Financial Services - a leading mortgage servicer was able to board 1000+ loans everyday by automating document sorting, file review and data validation using Vaultedge.
Boarded 2000+ loans per day
Vaultedge’s automated document indexing engine helped the servicing company ingest 1 million pages per day. At this rate, it was able to board 2000+ loans daily.
Automated file review with 99+% accuracy
AI based data validation & error handling feature helped automate mortgage document review with an accuracy of 99+%.
Built to scale: Automated 270+ document types per loan file
With an ability to automate data validation across 2000+ data fields, the servicing company was able to process 270+ document types while reducing manual review by 85%.
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How a top mortgage servicer reduced loan boarding cycle time by 50% with Vaultedge
This 10+ page case study explains how Vaultedge Mortgage Automation (VMA) helped a leading servicer automate the entire loan boarding operation including - loan file set up, data review and comparing documents to tape.
Result - The servicing company not only shortened their cycle time by 50% but also freed up 70% head-count to be re-deployed from loan boarding to loss mitigation operation.