Loan Processors spend several hours to manually index mortgage packages & identify missing documents.
With Vaultedge they can now automatically split a loan package into individual documents, index the documents by type & flag missing pages in just seconds.
Across documents, Vaultedge extracts more than 2000 data points in minutes.
Each extracted data point is assigned a confidence score and a label (color code) to indicate whether it needs user review or not. Users can review the data simply by clicking on the extracted value & verifying the data source.
Move documents and data seamlessly into Loan Origination Software like Ellie Mae Encompass, Calyx, FICS, Black Knight Empower etc through real-time integration.
Eliminate human error in document version controlling.
Vaultedge comes pre-configured with check-lists for different audits like, TILA-RESPA, HMDA and standard Post-Close Audit - ensuring that your process is compliant and your loans are ready to be sold.
It helps you ensure that all needed documents are available & signed by counter parties in the post-close package. Automatically check for compliance to TILA-RESPA, HMDA requirements