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Automation 101: Pre-funding Mortgage Audit QC

By
Irin P P
Product Content Writer

Frequently asked questions

Who is the mortgage's originator?

An organization or person that helps the underwriter finish a loan transaction against collateral or any other documents on behalf of a borrower is known as a mortgage originator. Mortgage originators make money from fees that are charged for the loan origination.

How is IDP beneficial in document processing?

IDP stands for intelligent document processing. The main advantage of it is that it eliminates manual work, which eliminates the possibility of error, and apart from that, it also transforms unstructured data into readable formats for use in a variety of systems and applications. IDP is an AI-driven solution that