Move from general purpose document processing software

Mortgage industry purpose-built alternative to Ephesoft

Use Vaultedge built to handle mortgage industry document workflow.

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Used by the
Leading companies

What is Ephesoft?

Ephesoft is a general purpose document processing software that is good for cross-functional applications such as document capture across departments like - accounts payable, claims, billing, human resources, mailroom, GDPR compliance etc.

There are 4 key differences between both the solutions

Built for mortgage workflow

Ephesoft is a broad base document capture solution. It is not a purpose-built document recognition & data extraction software for loan processing and loan boarding applications. Hence it may not come with pre-configured document types, data fields and out of box LOS integrations needed by loan processing and loan boarding teams.

Vaultedge is a AI powered automated document recognition and data extraction software that is built specifically around the document processing needs of loan processing, loan boarding and post close QC teams.

It comes with pre-configured with:
500+ loan document types,
2000+ unique data fields
seamless integration with leading LOS and mortgage servicing software

Data Accuracy

Ephesoft reports an accuracy of 90% for mortgage documents.

On the other hand, Vaultedge provides an out of the box accuracy of 95% - which can go up to 99% with continuous user feedback. This is made possible because Vaultedge uses artificial intelligence that learns from users’ actions & improves accuracy with continued use.

Document Processing

As per Ephesoft product brochure, Ephesoft offers 600+ pre-trained document templates for the mortgage industry at large.

Whereas using Vaultedge you can automatically index 500+ document types that are specific to loan processing, post close QC and bulk MSR boarding workflows.

It comes with pre-configured with:
2000+ unique data fields
Seamless integration with leading LOS and mortgage servicing software

Customization & Integration

Ephesoft has technical partners that can provide integration services.

Whereas Vaultedge offers out of the box integration with EllieMae Encompass, Blackknight Empower, Wipro NetOxygen, Blackknight MSP etc. Hence, time to implementation is much faster.

Comparison

Vaultedge Mortgage Automation vs Ephesoft

Capabilities

Vaultedge

Ephesoft

Free-Trial

Free Trial with no minimum commitment.

No Free Trial & a minimum commitment volumes.

Human-in-the-loop Machine Learning

Implementation to production

4 weeks flat.

Lasts several months.

API integration to LOS available

Out of the box integration with EllieMae Encompass, Blackknight Empower, Wipro NetOxygen, Blackknight MSP etc.

Integration enabled via technical partners.

Can be used stand-alone without integration,

Encompass Integration

Identify missing documents from a package

Spot inconsistencies between multiple documents

User Training

Familiar UI, Does not requires training.

Not optimised for mortgage industry users.

End to End Decision making

Users can override data in case of any discrepancy

Supported Document Types

500+ documents and 2000+ fields from a loan file

600+ pre-trained document templates.

Pricing

Set up fee - $15,000
Usage cost - $15 per loan file

Set up fee - $30k- $50k
Usage cost - $20-$25 per loan file

GSEs Guideline Compliance

Fannie Mae Form 1084

Freddie Mac Form 91

Free-Trial

Free Trial with no minimum commitment.

Human-in-the-loop Machine Learning

Implementation to production

4 weeks flat.

API integration to LOS available

Out of the box integration with EllieMae Encompass, Blackknight Empower, Wipro NetOxygen, Blackknight MSP etc.

Can be used stand-alone without integration,

Encompass Integration

Identify missing documents from a package

Spot inconsistencies between multiple documents

User Training

Familiar UI, Does not requires training.

End to End Decision making

Users can override data in case of any discrepancy

Supported Document Types

500+ documents and 2000+ fields from a loan file

Pricing

Set up fee - $15,000
‍Usage cost - $15 per loan file

GSEs Guideline Compliance

Fannie Mae Form 1084

Freddie Mac Form 91

Free-Trial

No Free Trial & a minimum commitment volumes.

Human-in-the-loop Machine Learning

Implementation to production

Lasts several months.

API integration to LOS available

Integration enabled via technical partners.

Can be used stand-alone without integration,

Encompass Integration

Identify missing documents from a package

Spot inconsistencies between multiple documents

User Training

Not optimised for mortgage industry users.

End to End Decision making

Users can override data in case of any discrepancy

Supported Document Types

600+ pre-trained document templates.

Pricing

Set up fee - $30k- $50k
Usage cost - $20-$25 per loan file

GSEs Guideline Compliance

Fannie Mae Form 1084

Freddie Mac Form 91

Featured In

What clients say about us

" We used Vaultedge to automate the indexing of loan documents that we receive from all our lender partners, amounting to more than a million documents every month. This enabled us to move 70% of people from Document Recognition to other processes."

Michael Kittyle

CIO, BSI Financial Services

Read case study

" Vaultedge automatically indexes our Mortgage documents and extracts 300 data fields from them, enabling us to save 80% of Post Close Audit process time. Vaultedge is helping us improve our Time to Close and Cost to Close metrics."