Make the switch to effortless loan boarding
Automate your loan boarding process with remarkable accuracy at unprecedented speed with Vaultedge’s proprietary AI that assembles error-free to help make reliable business decisions.
Achieve 99.9% accuracy in loan boarding
A mortgage lender or a servicer faces the same challenge when it comes to the loan boarding process-accuracy. Vaultedge accurately ingests the documents and data in a timely manner and identifies, indexes, and extracts borrower information with 99.9% accuracy.
Loan servicing teams can board bulk loans by completely automating manual file review and setup.
Boost savings by 60%
With its human-in-the-loop paradigm, Vaultedge Software is ideal for mortgage loan boarding because it automates 90% of the manual work, and increases savings by 60%.
Reduce errors by 90%
With reduced human intervention, and quality checks at every level, the loan boarding is done automatically using proprietary AI and algorithms. This reduces the risk of human errors by 90% and saves the business time and money.
Increase operational efficiency
Employing Vaultedge, a modern infrastructure, and paperless loan boarding software increases operational efficiency by 75% without losing precious time in sifting through 1000 pages of a borrower’s documents for data.
Seamless integration
Vaultedge Mortgage Automation & Income Analyzer easily integrates with LOS like Encompass, BlackKnight, and your in-house LOS through open APIs. Our loan boarding technology can be used independently as well without any LOS integration.
How does it work?
Loan Origination
The Loan Officer can view the loan application from the Encompass-Vaultedge integrated platform and select the default template.
Once the borrower’s basic details are uploaded in the Vaultedge platform he/she selects the borrower’s document from the system generated VMA OCR folder for the indexing to begin.
Document indexing
Vaultedge indexes a loan package by document types: 1003, Bank Statement, Pay Stub, Tax Return etc. that have been downloaded from Encompass. Once the files are processed, a Quality Check will be performed.
Data extraction
The loan file automatically goes for data extraction. Vaultedge pushes the document after QC to Encompass for extraction. A second level QC is done for accuracy.
Data audit
Vaultedge compares the extracted data across different documents to identify discrepancies. In case of any anomaly, the user can quickly amend it before the next step.
Explore Resources
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Still confused?
Speak with our loan boarding experts today.
