The impact of Document Automation on the approval stage of mortgage lending can be a determining factor in the process, as a well-qualified borrower may walk away if the process drags. According to ICE Mortgage Technology’s Borrower Insights Survey, 74% of borrowers say an online mortgage experience is easier than an in-person one. Automation removes days from the timeline, slashes rework, and builds compliance directly into the process without adding staff. Document automation removes unnecessary delays and delays in the loan approval cycle, which can significantly impact borrower satisfaction and lenders competitive advantage. The advanced Mortgage Document Processing platform classifies a large loan file into document types and extracts key fields in minutes. The system identifies pay stubs, tax returns, bank statements, and credit reports without relying on templates and routes them to the right workflow.
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