AI-Driven Mortgage Document Processing
Simplify document automation with zero-touch, intelligent document indexing, versioning, and extraction
IDXGenius by the numbers
documents correctly classified
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average extraction accuracy
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mortgage documents mapped
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Indexing
- IDXGenius revolutionizes mortgage document indexing with advanced automation, AI, and machine learning to streamline complex document management tasks.
- Designed to handle critical documents such as the 1003, Loan Estimates (LE), Closing Disclosures (CD), tax forms, and income verification records, IDXGenius ensures precise ingestion and document indexing.
- Reduces the need for manual sorting, minimizing errors that can delay processing, underwriting, QC and more.
- Classifies vast mortgage documents with 100% accuracy
Versioning
- IDXGenius by Indecomm eliminates the challenges of handling multiple versions of mortgage documents by automating version control and ensuring accurate organization.
- Prevents misfiling and missing documents, resolving common pain points associated with manual exception handling and misclassified “miscellaneous” folders.
- By streamlining and automated document management and versioning, mortgage organizations can know they are using the latest version of the document
- With this turnkey, automated solution, lenders can empower their team to focus on high priority tasks while ensuring smoother workflows and improved efficiency.
Extraction
- IDXGenius includes an extensive pre-mapped library of diverse mortgage documents, enabling precise identification and extraction of essential data points to optimize workflows and enhance productivity.
- IDXGenius leverages intelligent automation to intelligently classify and extract data from diverse documents while enriching and validating it as needed.
- This precision-driven approach has led to a remarkable 50–60% reduction in manual loan file interactions, effectively doubling the productivity of underwriters and processors.
- With data extraction averaging 98-100% accuracy, IDXGenius empowers lenders with a reliable, efficient, and transformative solution for accurately extracting data from documents.
Integration
- Integrates with Encompass or any LOS using proprietary “SourceConnect” API technology
- IDXGenius is built into products within Indecomm’s Genius suite, enhancing product performance
- Improves credit decisioning analyses within DecisionGenius
- Enables accurate, fast self-employed income analysis within IncomeGenius
