IDX Technology
Backing Indecomm’s Genius suite of products, intelligent document extractor (IDX) technology accelerates document-heavy processes using AI, ML, and AWS textract
IDX by the numbers
documents correctly classified
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accuracy of extracted data
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mortgage documents mapped
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Data Fields Extracted
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Turnaround for Classification
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Hrs
Documents indexed
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M/Yr
documents correctly classified
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accuracy of extracted data
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%
mortgage documents mapped
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+
Data Fields Extracted
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+
Turnaround for Classification
<
0
Hrs
Documents
indexed
indexed
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M/Yr
The Tech Behind IDX
The Intelligent Document Extractor (IDX) is the award-winning technology driving all of Indecomm’s Genius solutions, including IDXGenius. It leverages artificial intelligence (AI), machine learning (ML), AWS Textract, AWS Lambda, and proprietary business rules to deliver unmatched performance. IDX performs key modular functions, including:
- Document identification and classification
- Data extraction and validation
- Data enrichment and certification
IDX Accelerates Document Classification
Misfiled and misclassified documents cause significant delays in mortgage operations. IDX dramatically accelerates classification turnaround times while maintaining unparalleled accuracy:
- Correctly classifies documents 99-100% of the time
- Processes large volumes of documents in hours instead of days
- Classifies, extracts, and enriches a 100-page document within 5-7 minutes*
IDX Extracts Data with Accuracy
Inaccurate data extraction in mortgage back-office operations increases risk, costs, and impacts pull-through rates. IDX, powered by AWS architecture, machine learning (ML) overlays, and human validation, ensures data accuracy through continuous feedback loops. This approach delivers exceptional outcomes:
- Achieves 98-99% accuracy for an entire loan package
- Boosts underwriter productivity by up to 61%
- Reduces loan file touches by 49-52%
IDX Analyzes at Scale
Scaling mortgage operations to meet market demands without overwhelming teams is a challenge. Indexing over 3 million documents per year, IDX eliminates manual document processing, enabling businesses to scale efficiently:
- AWS Textract supports parallel processing for faster workflows
- AWS Lambda ensures continuous operation, saving 5-6 hours per document load
- A serverless model schedules jobs every 2 minutes, reducing 20+ hours of wait time typical in other systems
