Capsilon Releases Katalyst 8 to Boost Cloud-Based Collaboration – NMP Skip to main content

Capsilon Releases Katalyst 8 to Boost Cloud-Based Collaboration

NationalMortgageProfessional.com
Sep 04, 2012

Capsilon, a provider of cloud-based document sharing, imaging and collaboration solutions for mortgage lenders, has released Katalyst 8, the newest version of the company’s electronic document management and collaboration solution, which includes a re-architected image conversion system, a sophisticated automated document recognition capability and a new desktop application. Katalyst 8 gives mortgage lenders a reliable and efficient process for document intake and image conversion, enabling them to work more collaboratively with loan participants to improve the lending process. The enhanced system substantially reduces conversion errors so no data is lost when converting paper documents to images, an issue many lenders face when receiving loan documents from third party originators and service providers. Katalyst 8 uses a combination of image conversion technologies to solve this widespread industry problem. In the rare event an image still fails to convert, lenders have access to the original file to ensure no important information is lost and the loan folder can be processed as usual. Capsilon’s new release also offers an advanced document recognition system that makes identification, naming and filing faster and more reliable, thus improving lenders’ overall workflow. Loan officers and other transaction participants typically handle hundreds of types of loan documents. The enhanced system automatically recognizes more than 250 industry-standard documents, alleviating the need for users to manually name them, and makes it faster and easier to go from file intake to loan fulfillment. System generated identifiers can be inserted into lender-authored documents for automatic recognition as well, and the system’s configurable document dictionary allows lenders to set up their own naming conventions to fit their processes. Manual re-naming is also supported, giving even more control to the user, ensuring that financial institutions can organize the loan folder to best fit their needs. The new desktop app increases productivity for loan officers, processors or other employees who access documents frequently or for longer periods of time. The desktop application accesses the Katalyst cloud service, just as the existing Web-based interface does, but provides more flexibility and faster responsiveness for users. Desktop features give users more power to easily filter, search and group documents to browse and process them more quickly. Users can also compare documents side-by-side, switch rapidly from thumbnails to full-size views and create stacking orders of documents based on loan types, process phase or investor requirements. The desktop app allows users to work on multiple loan folders simultaneously for higher productivity. Viewing preferences can be altered to the user’s choice and automatically recalled, increasing productivity and ease-of-use for frequent users. “Katalyst 8 provides mortgage lenders an imaging and collaboration solution that considerably improves and accelerates their lending processes,” said Sanjeev Malaney, CEO of Capsilon. “Katalyst’s newest release reduces errors, streamlines processes and offers a more complete collaboration experience giving banks, credit unions and other mortgage lenders the opportunity to improve document quality, conversion and storage which translates to improved customer service.”
Published
Sep 04, 2012
More from
Tech
Why Short-Term Closing Fixes May Be Holding Lenders Back

2020 became a record year for eClosing and eNote adoption

Tech
Dec 01, 2021
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Tech
Nov 29, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Guaranteed Rate Adds New Chief Product And Technology Officer

Guaranteed Rate named Dr. Ramesh Sarukkai as the company’s new chief product and technology officer.

Industry News
Nov 22, 2021
Fintech Mortgage Proven To Reduce Racial Bias In Lending

Technology-based Fintech mortgage may be the answer to reducing, and ultimately eliminating, racial bias and discrimination in lending.

Analysis and Data
Nov 19, 2021
nCino To Acquire SimpleNexus

Cloud banking and digital transformation solutions company, nCino Inc., signed a definitive agreement to acquire SimpleNexus in a stock and cash transaction valued at an estimated $1.2 billion.

Tech
Nov 19, 2021