EDISON,
N.J., July 23, 2024 /PRNewswire/ -- Indecomm, a
leading provider of mortgage automation solutions, is proud to
announce the expansion of its BotGenius portfolio with the addition
of two new innovative bots designed to accelerate and simplify
title and appraisal review processes in the mortgage origination
process. The new bots eliminate the manual steps required to review
title and appraisal documents, drastically increasing efficiency in
loan setup and processing operations, and allowing mortgage
associates to focus on higher-value tasks.
"Loan set-up and processing operations are burdened by highly
manual, repetitive real estate document reviews," said Narayan Bharadwaj, SVP of Automation. "Powered
by our award-winning Intelligent Data Extractor (IDX), we unlock
data from documents and use that data to automate complex and
manual mortgage operations. BotGenius title review and appraisal
review bots were developed integrating IDX to deliver
automation and unparalleled efficiency."
Whether reviewing title-related documents or appraisal
valuations, the bot taps into IDX, working behind the scenes to
gather information from the source document, subsequently comparing
the information against LOS data –or other source data— and running
process-specific rules. Once this is complete, the bot then
prioritizes and creates conditions in the LOS for the user in a
consistent and organized way, generating communication both to the
borrower and to the processing staff.
"Indecomm remains dedicated to addressing the mortgage
industry's critical challenge: lender vulnerability to market
fluctuations and rapid volume changes," said Indecomm CEO,
Rajan Nair. "Our latest BotGenius
innovations exemplify how lenders can harness automation to boost
productivity and scale effectively in any mortgage
environment."
Title reviews and appraisal reviews are typically lengthy,
manual, document-intensive "stare and compare" processes. Heavy
reliance on human reviews creates more operational risk in both
high-volume and low-volume markets. Leveraging BotGenius
powered by IDX, reliance on manual intervention in the initial
document review process is non-existent. Instead, the mortgage
associate is given a highly focused list of findings and anomalies
identified by the bot.
Indecomm's BotGenius review bots are pre-built, out-of-the-box
bots that are accessible to all lenders. This ease of
implementation ensures that lenders can quickly adopt
next-generation automation tools without extensive overhauls to
their existing systems. To better understand how BotGenius
appraisal and title review bots work, lenders can request a demo by
visiting: https://indecomm.com/demo
About Indecomm
www.indecomm.com | Founded more
than 25 years ago, Indecomm blends intelligent automation with deep
mortgage banking expertise to deliver groundbreaking Genius
mortgage innovations that help businesses optimize operations and
achieve competitive advantage. Backed by a 1500-strong global
workforce, Indecomm's automation-as-a-service approach benefits
mortgage organizations, enabling them to offer better borrower
experiences by streamlining middle and back-office operations.
Indecomm takes an automation-first approach, partnering with
large and mid-sized lenders, servicers, mortgage insurers, and
title companies to create efficiencies at every phase of the
mortgage lifecycle. Specifically, Indecomm products and services
leverage robotics process automation (RPA), supervised automation,
and machine learning to tackle the industry's most complex
operational challenges. This is what we call Genius@Work.
Contact:
Robyn Mahoney
9923713398
380743@email4pr.com
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SOURCE Indecomm