Mortgage and Lease Process Automation
Enhance Cooperative Values, Empower Digital Strategy, and Excite Customers with Automated Document Data Processing Workflows
Accurate Mortgage and Lease Data Extraction
Achieve over 95% document field extraction accuracy using Grooper patented OCR synthesis and image processing technology. Automate mortgage document organization and naming and reduce dependency on 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 or discrepancies that may have occurred during the loan process.
Data Validation for Mortgage and Lease Documents
Trusting extracted data can be scary. Ensure accurate data 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.
Spend more time helping customers by eliminating manual document indexing. Use Grooper to automatically classify documents, both new and previously archived. Grooper is pre-configured to integrate with any CMIS compliant repository, SQL databases, and Microsoft environment.
Have teams of people working on contract abstraction for complicated contract documents? Grooper’s natural language processing and machine learning enable a true understanding of context. Looking for the accurate effective data across multiple amended contracts? Grooper’s lease and mortgage process automation is the answer.
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.
“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
Featured Case Studies
Thousands of companies choose BIS to enrich products and services with unique data-centric solutions. Here are some of their stories.