Home Industries
Did you know that over 90% of the process of ordering services (e.g. ordering appraisals, credit, flood, fraud reports, etc.) within a Loan Origination System can be automated?
Did you also know these automations can be built at no licensing costs per bot?
Overview of FinTech Intelligent Automation
Intelligent automation is revolutionizing the financial services industry, enabling organizations to reduce costs and increase efficiency but what....
InsureTech & RPA? A Match Made in Heaven!
This tranche of manual tasks and the even larger amount of manually processed documents lead to inaccuracy, inefficiency, process bottlenecks, and, most importantly...
Intelligent Automation in Lending and Banking Processes
Intelligent automation (IA) is the use of artificial intelligence (AI) and machine learning (ML) to automate business processes. In the […]
A pilot automation can be built and deployed in as little as 3-4 weeks, immediately adding efficiency to an organization and proving out the value of process automation.
Begin your automation journey by automating the appraisal ordering process.
Our pre-built Appraisal Bots for Encompass provide automation solutions of Appraisal Desk tasks, such as appraisal ordering, appraisal review, fee exceptions, turn-time exceptions, and more.
Our bots take over these manual tasks with 100% Data Accuracy. These bots are launched as soon as Intent to Proceed is received and can be customized for specific AMCs (Appraisal Management Companies).
Find out how our Appraisal Bots for Encompass can get you to underwriting faster and speed up your loan process.
Watch a segment of one of our Live Virtual Events where our Director of Mortgage Automation, Gabriel Skelton, and Senior Automation Engineer, Ford Crosby, explain how our Appraisal Bot works with Encompass.
To watch the full virtual event CLICK HERE.
Learn more about Appraisal Bot for Encompass.
There are several repetitive processes in the mortgage industry that can be automated with RPA tools. Here is an example of how a mortgage company used OpenBots to automate their loan processing process.
Due to the nationwide economic impact of the coronavirus, a large mortgage investment firm has experienced an increased need for mortgage loan processing. The firm’s loan servicing department is responsible for verifying the status of loans to make sure they are FHA-insured.
Our RPA delivery team created a bot to seamlessly compare the firm’s set of loan information with the data stored in FHA Connection, a secure electronic system that facilitates loan processing, to seamlessly verify the insurance status of the loans and meet the mortgage firm’s urgent needs.
