Princeton, NJ, December 14, 2018 --(PR.com
)-- Expert Mortgage Assistance (EMA) (a part of Flatworld Mortgage Solutions LLC - leading licensed mortgage back office support provider) has launched MSuite, an automated tool for document management and data validation. The new tool will enable mortgage lenders to eliminate the need to seek human intervention in validating data and indexing documents, thus helping them achieve more in less time and with 100% accuracy.
“The stare and compare approach to validate consumer data has for long been the bane of the loan origination process. This age-old approach has primarily led to keying in issues like oversight, typos, etc., which has slowed down turnaround times, led to wrong decisions and made the process more resource intensive,” said Rajeev, Director, Expert Mortgage Assistance. “We thought, the best way to liberate mortgage lenders from this outdated approach, was to provide them with an automated solution to meet their end-to-end document management needs,” he added.
Driven by OCR technology, the world’s most advanced text recognition engine, MSuite uses both visual (in-built image enhancement technique) lingual and statistical techniques to extract data from multiple document formats including electronic and paper documents and scanned images. This apart, the tool can also be used to define business rules and identify exceptions. Other important features of this tool include seamless integration with almost all leading LOSS.
“The clinching aspect of this tool is that comes to lenders at no implementation costs, no fixed costs and no other upfront costs. The costs is only on transactional basis,” claims Rajeev.
In coming months, MSuite will be equipped with more advanced features to support the complexities of mortgage underwriting processes. “We are working to position MSuite as the leading automation tool among lenders in USA,” added Rajeev.
If you are curious to know more about MSuite, EMA will be glad to explain its features in detail.
Check out their video about MSUITE here - https://youtu.be/p9wedNr0jdg