Calculate your savings with our free ROI Calculator. Click Here

Vaultedge Best Alternative to Paradatec

Vaultedge is an AI-based document automation platform built specifically for mortgage lenders & servicers. It automatically indexes 500+ doc types and extracts relevant data from them and helps you achieve above 99% accuracy.

man looking at a laptop

Used by the leading
Mortgage companies

Comparison

What is Paradatec?

Paradatec is a provider of AI-based mortgage document automation that delivers document indexing and data extraction for the mortgage industry.

screenshot of vaultedge mortgage automation
Comparison

Paradatec vs Vaultedge

Compare
ACCOUNT
About:
Paradatec leverages a hybrid of AI, machine learning (ML), and robotics to produce pristine loan data that eliminates most manual effort, reduces costs, increases turnaround, and improves compliance.
 Vaultedge uses AI, ML, and OCR to automate, extract, and index documents accurately from a loan package making the underwriter's and Loan Processor’s job less cumbersome and pushing for a better Return on Investment (ROI).
Popularity:
3 of the 10 largest U.S. banks and 4 of the 10 largest servicers use Paradatec’s product for loan processing.
3 out of the top 10 financial institutions use Vaultedge Mortgage Automation for loan processing.
Availability:
Paradatec doesn’t have any known marketplace partnerships.
Capabilities:
Paradatec automates loan processing by accurately identifying more than 750 unique documents in the typical loan file and capturing over 8,500 data elements.

Paradatec automatically finds and removes personally identifiable information (“PII”) in sensitive documents.
Vaultedge automatically classifies 500+ mortgage document types and extracts 2000+ fields with a 99% accuracy & identifies exceptions so that users can focus only on handling exceptions.

Vaultedge cannot redact personal information from sensitive documents. It extracts only relevant information.
Integrations:
Paradatec has no officially known integration with any leading LOS.
Income Analysis:
Paradatec extracts relevant data from pay stubs, W-2s, bank statements, and tax documents. It doesn’t analyze income.
Vaultedge Income Analyzer assesses income for W2 and self-employed borrowers and reads through pay stubs, W-2s, bank statements, and tax documents.
Price:
Paradatec doesn’t reveal its setup fee on its website. You can contact them for the price breakup.
Vaultedge pricing starts at a one-time set-up fee of $15,000 & usage cost of $15 per loan file processed. We have the cost information available on our website.

 Why choose Vaultedge?

Vaultedge is an AI-based document processing and income analyzing software. Despite its highly robust and advanced technical framework, Vaultedge is easy to use. It provides a simple, uncomplicated, cost-friendly plug-and-play solution that can be used in production in less than two weeks. Leading mortgage lenders and servicers use Vaultedge to process millions of documents every day while shortening loan cycle time and cost by at least 80%.

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."
picture of Michael Kittyle CIO, BSI financial services

Michael Kittyle

CIO, BSI Financial Services

" 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."
confident looking man

SVP, Record Services

Top Mortgage Servicer

Choose the right solution

If you are still confused, then talk to our automation expert today.

Thank you! Our mortgage experts will email you shortly.
Oops! Something went wrong while submitting the form.
Confident woman smiling