Skip to main content

Ephesoft Launches New Mortgage Doc Capture Platform

NationalMortgageProfessional.com
Apr 17, 2018
Ephesoft has announced the availability of Ephesoft Transact for Mortgage

Ephesoft has announced the availability of Ephesoft Transact for Mortgage, a cloud-based modular platform pre-trained to recognize and classify more than 600 mortgage document types, accelerating processing speeds for mortgage lenders who opt to bundle the Ephesoft Transact platform with this tailored classification solution.
 
“We are continuously developing innovative, cost-effective solutions that solve real problems for our customers and with hundreds of different document types to classify, the mortgage processing industry is ideally suited for document capture innovation and automation,” said Ike Kavas, Founder and Chief Executive Officer of Ephesoft. “Our many mortgage lender and financial services customers will greatly benefit from the improved speeds provided by the Transact for Mortgage platform, which will make it even easier for new and existing customers in the banking and finance fields to benefit from our robust document processing solution, best practices and cloud-based supervised machine learning technology.”
 
Transact for Mortgage enables underwriters and Mortgage Loan Processors to upload loan documents into a batch class, which automatically and accurately classifies and separates documents, before validating and exporting them into loan origination systems like Ellie Mae and Mortgage Cadence, along with others. The system automatically recognizes where each document starts and stops within large multi-file PDFs, splitting up individual document types. This new out-of-the-box mortgage software eliminates the hefty professional services fees or internal IT investment required to manually categorize appraisals, lease agreements, tax returns and hundreds of other document types found in mortgage applications.


 
Published
Apr 17, 2018
More from
Tech
ICE Makes Enhancements To Its Mortgage Prepayment Model

The Intercontinental Exchange, Inc. made enhancements to its mortgage prepayment model with daily residential mortgage rates from ICE Mortgage technology.

Tech
Jul 27, 2021
Liquid Mortgage Technology Supports Efficient Debt Market

Liquid Mortgage received a U.S. patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets.

Tech
Jul 22, 2021
Rocket Expands Home Search Tool To All 50 States

Rocket Homes announced its growing home search tool now includes listings from all 50 states.

Tech
Jul 21, 2021
Better's One-Click Checkout Now Offers Title Insurance For Refi's

Better announced it has been licensed as a title insurance provider for refinance transactions through Better Settlement Services (BSS) in Virginia. 

Tech
Jul 20, 2021
Fairway Independent Mortgage Uses Doma To Improve Refinance Business

Doma Intelligence platform will remove key points of friction and frustration that affect traditional mortgage closings.

Tech
Jul 16, 2021
Total Expert For Salesforce Improves Customer Engagement

Total Expert announced their integration with Salesforce to enable marketing and customer engagement on behalf of advisors, loan officers, and personal bankers. 

Tech
Jul 15, 2021