How to Fix Your Broken Mortgage Loan Process

Typical mortgage loan processing is known for the “stare and compare” job role. Literally it is the job of loan processors to stare at one source of data and make sure the same information is entered into the system. Minutes turn to hours, which turn to days and even weeks. Data might get partially migrated into the LOS and the rest of the information is manually entered. Stacks of folders containing loan documents are waiting to be entered.

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ANTBITES BLOG

Harness Business Process Automation Benefits

Every business needs to efficiently utilise all available resources effectively. According to a McKinsey Global Institute report, fully realising automation’s potential requires people and technology to work ...

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Finding Profitability in the Mortgage Loan Process

It’s not a surprise that mortgage companies large and small struggle to scrape a profit from processing loans. According to Mortgage Bankers Association, “independent mortgage banks and mortgage subsidiaries of ...

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The Data Chasm: Why OCR Can’t Fill It

Fact: around 80 percent of the data in an organisation is completely unstructured. That ‘data chasm' can include images, web pages, hand-written documents, signatures, and even mobile content. Of course, ...

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The Future is Responsible AI

Asheesh Mehra, CEO and co-founder, AntWorks AI has the power to reshape how businesses and governments operate today. The benefits of AI range from driving increased efficiency and productivity to filling ...

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Top 3 Reasons Why Automation is Required for Straight-Through Processing

Even though your mortgage organisation may be running on what you think is the best technology for mortgage processing, you may be missing out on straight-through processing (STP) benefits. Having optimised ...

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Set your Data Capture to warp 10

The Star Trek franchise of films and TV series, watched by millions around the world, pioneered warp speed spaceships such as the USS Enterprise, as well as themes such as Artificial Intelligence (AI). They ...

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Empowering Industry 4.0 with Artificial Intelligence

Al emerges from reel- life to real-life to become the frontier of world- changing technologies. ...

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2020s: The decade we solve the unstructured data challenge

Isaac Asimov, the acclaimed writer and roboticist, wrote in his novel I, Robot in 1950 that robots and AI were banned from Earth in the year 2030. Instead of banning them, we’re likely to see huge advances in ...

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The Journey of Integration Automation Success

The results are in: according to a recent HFS Research survey, business leaders know that applying a piecemeal, task-based approach to automation within organisational silos is keeping them from unearthing the ...

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Solving the Mystery of Handwriting Recognition, Part 2

In my previous blog, I discussed the challenges of cursive handwriting extraction, as well as dimensionality reduction and the importance of feature selection. Dimensionality reduction consists of picking the ...

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Integrate to scale. Fragment to fail.

According to a new survey from HFS Research, the biggest challenge noted by senior enterprise leaders in achieving target automation objectives is scalability. ...

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Beyond Automation Nirvana

Why a Chief Thinking Officer is the perfect complement to your Integrated Automation strategy ...

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