Mortgage Process Automation | Fortra

Mortgage Processing Automation


Automated Mortgage Processing

Ensuring the mortgage origination process goes smoothly is a considerable challenge. The ability to streamline loan processing, while ensuring data privacy, accuracy, and regulatory compliance is a game changer. 

Mortgage processing automation significantly enhances the lending process and enables financial institutions to do away with manual processing by routing forms and data automatically, reducing the complexity of processing applications, decreasing potential errors, and ensuring customers receive the best experience possible. 

Mortgage Processing Automation Solution Highlights

With Automate Intelligent Capture, our intelligent document processing solution, and Automate RPA, you can leverage the best in intelligent automated mortgage processing. Working together, these solutions extend mortgage processing automation capabilities and enable organizations to maintain control of critical information with speed and accuracy. Leverage AI and machine learning to enable automatic self-learning for previously unseen documents, making your system smarter and more accurate over time.


    Intelligent Data Capture

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    Eliminate labor intensive, error prone, and time-consuming processing. With intelligent document capture, you can process loan and mortgage documents as they arrive in your organization from a scanner, email or monitored folder. Documents are sorted based on patterns, appearances, and text into specific document classes for extraction.

    Three Ways RPA Streamlines Mortgage Processing

    RPA application integration enables you to bring together applications involved in mortgage processing. Automatically upload or download required documentation from your application portal into your LOS to retrieve the loan ID. RPA bots can also compare documents from different sources, like an employer-issued document and one issued by the IRS. They can scan documents for errors or missed fields, and perform document processing, including copying to multiple applications or multiple file locations. Reporting on loan status can also be automated, including number and status of loan applications. 

    Watch a mortgage process automation use case example between Blend and Mortgage Cadence >

    RPA tools can use optical character recognition (OCR) to pull information from the documents and save to Excel, creating a record of all applications processed. Data can be entered from documents to the core mortgage processing system, including Blend, Calyx Point, LendingQB, and others. RPA bots can enter data directly from a database or from public web searches to the core system as well. It can even log into government portals to perform automated data extraction.

    Once all of the data is processed, you can send the information using FTP automation and HTML emails. Instead of manually examining information and communicating individually with borrowers, RPA bots can send emails directly to borrowers with encrypted files to request any additional information or to communicate updates throughout the process.

    The Benefits of Intelligent Mortgage Processing Automation 

    Automate Critical Interactions with Current Systems 

    With robotic process automation (RPA), you can automate interactions between critical applications, data entry and extraction, and reporting. Whether or not you use the latest, most sophisticated POS, LOS, and core banking systems, RPA can be layered on your current systems to streamline business processes.

    Provide Immediate Relief to Staff 

    Because it builds upon your existing technology, RPA can also provide immediate relief for limited staff and remove the need for temporary workers as your workload expands. 

    Supercharge Automation with Intelligent Document Processing

    By combining RPA with intelligent document processing, featuring machine learning and artificial intelligence, you can eliminate costly steps like document classification, manual data entry, and document analysis. It's intelligent mortgage automation that moves your business forward. 


    Learn more in our guide Intelligent Automation: The Secret to Supercharging Mortgage Processing.



    Solve Key Challenges in Mortgage Document Processing

    Ensure document identification and indexing consistency 

    Dramatically increase mortgage and loan volume throughput

    Reduce costs associated with internal document processing

    Improve response turnaround time and manage document volume 

    Looking for Software Bots to Automate Your Mortgage Process?

    Check out RPA solution bots for Encompass, Blend, Mortgage Cadence and more.

    Plus browse 150+ pre-built bots available for free download on the Automate Bot Store.

    Watch Automate Intelligent Capture and Automate RPA in Action



    See how Automate Intelligent Capture and Automate RPA work together for loan document reconcilliation. In this example, learn how it's possible to process a single commercial loan PDF with three separate documents, pull data from those documents, and then compare that data to the data residing in the core LOS. 

    See What's Possible When You Leverage the Power of Intelligent Mortgage Processing Automation

    Learn how to combine the power of automation and intelligence to achieve your mortgage automation goals. Request your own demo to learn how you can transform mortgage processing in your organization.