Mortgage Automation Workflow
What Is Trapeze for Mortgage Processing?
Automated Mortgage Loan Processing Software
Trapeze for Mortgage Processing is an automated loan processing system that helps residential mortgage players reduce loan processing costs while improving turnaround times and ensuring data accuracy for compliance purposes.
With automatic document classification, data extraction and advanced machine learning functionality, Trapeze has helped clients reduce mortgage loan processing time to as little as 5 minutes per 250 page loan packet.
Trapeze Mortgage Automation Workflow
During content ingestion, Trapeze uses our leading file compression and OCR engine to convert documents to an optimized, text-searchable PDF format. The system is built for high speed and stability even at volumes on the scale of millions to billions of pages per year.
Automated Document Classification
After ingestion, Trapeze will automatically classify pages within the loan packet according to document type. Trapeze is pre-configured to classify and split over 450 mortgage loan document types.
The software classifies structured, semi-structured, and unstructured documents without the need for manual intervention. Document type classification accuracy stands as high as 99.5% for auto-validated documents.
Trapeze for Mortgage Processing is pre-scripted to automatically extract over 1200 data fields out of the box. The solution can export the extracted data in common formats such as CSV, XML, and EDI. Trapeze also offers an SDK and supports web services to enable seamless integration into your workflow.
Documents and data fields that do not meet confidence thresholds defined by your specific, configurable business rules are sent for manual review. Using sophisticated AI, the system learns from user behavior, improving accuracy and reducing manual validation significantly over time.
Request a loan automation demo today to begin processing your prospects' mortgage applications more efficiently.