How leading mortgage servicer automated document processing to scale bulk loan boarding
The case study explores how BSI Financial Services, a top mortgage servicer, streamlined their bulk loan onboarding.
This will provide you a complete understanding on how they deployed an AI based document indexing & data extraction solution to board 1000s of loans per day.
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 1000+ loans per day
Document indexing automation helped BSI process 100,000+ pages per hour. At this pace, it was able to board 1000+ loans daily.
Data validation with 99+% accuracy
AI based data validation & error handling feature helped automate mortgage document review with an accuracy of 99+%.
Built to scale: Automated 23+ document types per loan
With an ability to automate document validation across 2000+ data fields, BSI Financial reduced manual review by 85%.
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.