Case Study: Executive Briefing achieves faster mortgage document automation with Parascript

Mortgage Document Automation

Parascript worked with an executive briefing to address the challenge of mortgage document automation. The customer relied on manual processing and brittle rules-based systems for complex loan documentation, which resulted in low accuracy rates below 95%, high per-loan costs, and significant demands on staff time to review nearly every document.

The solution implemented by Parascript utilized advanced machine learning for document classification. This modern automation eliminated the need for rule sets and could process a wide variety of document formats, achieving automation rates greater than 75% with better-than-human accuracy. Parascript's technology significantly reduced manual review, allowing automated data to be used immediately and decreasing the typical costs and risks associated with technology adoption.

Executive Briefing