Cut Mortgage Processing Time in Half with Automation Tools

Automate Classification and Extraction

End Manual Data Entry

Extracting data from variable loan documents has traditionally been a time-consuming, manual process.

Since nobody wants to waste resources or miss out on better outcomes, act now to protect your company.

In this case study, you will see how Grooper is quickly processing mortgages.

Learn how to end manual data entry!

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Accurate Mortgage and Lease Data Extraction

Achieve over 99% document field extraction accuracy using Grooper patented OCR synthesis and image processing technology. Automate mortgage document organization and naming to end manual indexing and classification.

Post Close Audits

Eliminate costly buy-backs. Perform post close audits on more loan documents. Grooper mortgage process automation enables rapid integrity audits to flag any loan deficiencies, HUD defects, or discrepancies that may have occurred during the mortgage loan process.

Data Validation for Mortgage and Lease Documents

Create powerful automated HUD defect processing workflows. Integrate accurate data into your loan origination software by performing real-time validations on extracted data in mortgages and leases. Perform mathematical validations on documents like Truth in Lending Disclosures or perform lookup validations by comparing values on external databases.

Automate Classification

Spend more time helping customers by eliminating manual document indexing. Use Grooper to automatically classify mortgage and loan documents, both new and previously archived. Grooper is pre-configured to integrate with Box, CMIS-compliant document repositories, SQL databases, or your Microsoft environment.

Automate Abstraction

Have teams of people working on contract abstraction for complicated contract documents? Grooper natural language processing and machine learning process variable loan documents like the new URLA. Looking for the accurate effective data across multiple amended contracts? Grooper lease and mortgage process automation is the answer.

Forms Processing

Process forms quickly and more accurately without barcodes, separator sheets, or templates. Grooper provides hands-free text extraction for seamless integration of form data into virtually any cloud or local database system or application. Process ACH payment info, pay stubs, IRS forms, invoices, and more.

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mortgage automated processing white paper book

Discover the Power of Processing Mortgages with Grooper

Grooper makes processing mortgages a snap. Many businesses in the mortgage industry have transformed their services and internal workflows with Grooper to save big time and money.

In this study, you will discover:

The substantial time being saved by a nation-wide credit union
How many documents and offices are benefiting every month from rapid processing
The exact ways they are now bypassing 2 of the top 3 loan processing bottlenecks

Download our case study to learn more!

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Testimonials

“Our time spent getting the documents into the system and data indexed has been cut in half. The mortgage department and members across the country have benefited greatly from Grooper by meeting deadlines earlier and having information available much faster.”
Gerald Davis, Manager of Support Services, American Airlines Credit Union
“In acquisitions and divestitures, there’s millions of dollars at risk for us in knowing precisely what lease documents actually say versus what cover sheets say or the information being represented to us. With Grooper, you get precise information that has an impact on defects and revenue realization within the 45-day buying window. Without Grooper, you’d just be guessing.”
Clay Chamberlain, General Counsel and Director of Legal Operations, Corterra Energy
“Grooper will give us the access to more contract data than ever before by quickly extracting the data across thousands of lengthy contracts, allowing employees to spend time on value-adding data analysis rather than extraction.”
Glena Brauer, Supervisor – Marketing Contracts and Compliance, Chesapeake Energy
“I can’t tell you what a huge timesaver Grooper has been for our team!”
K Pitts, IRA Auditor