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The document processing needs of the trillion-dollar mortgage industry are complex. Mortgage origination and approval is a document-driven, labor-intensive process. An underwriter has to go through complex documents in different formats, verify their validity and analyze the risk. Error in data extraction or mismatch in provided documents creates back and forth between the borrower and underwriter, making the mortgage approval process slow and tedious.
Infrrd’s AI-led Intelligent Document Processing (IDP) solves these problems efficiently and effectively. It is the quickest path to no-touch processing which means that these complex documents will now be processed by the IDP platform with 100% accuracy and delivers valuable insights to the underwriter.
In this episode of the insightful CFO Thought Leader Podcast, host Jack Sweeney talks to S.A. Ibrahim, a future-forward mortgage industry leader from Mortgage Executive Roundtable, and Amit Jnagal, CEO of Infrrd, about how AI is behind document processing’s next wave. They discuss topics such as:
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We price based on the annual volume of pages and complexity of document type. We can get you preliminary pricing once we outlined a solution. Let's do this.
Sure. The first step is to schedule a guided demo where you get to jump into the thick of it. After you explore our solution you can try a proof of concept. When you're ready, you can deploy the system to one use case. Then more use cases. Then across your enterprise.
We play nice. Our solutions are API-based. Your documents are feed into the solution using APIs. And extracted data is sent out through APIs. We use REST APIs.
Our solution is cloud-native but is also design for premise deployments. Your choice on how you want to deploy it.
Glad you asked. Our data extraction process runs on servers. We have found performance and accuracy decline when running on a desktop or mobile device. (Remember Infrrd is running a powerful AI stack).
Common documents and use cases work out of the box. The cool thing is your solution will improve as the system learns from your documents upfront and over time.
Did you know no system is 100% accurate all the time? When extraction errors occur you want to correct them. We provide a simple UI that your business analyst will use to make corrections.
Our solution excels at data extraction from handwriting. We've got proprietary methods and techniques that do the trick. It's pretty cool. See for yourself.
