Accelerate Your Loan Process
Your borrowers expect their loans to be processed quickly and accurately. LoanComplete™ from Fiserv is a life-of-loan solution that automatically tracks documents, identifies loan data defects, and ensures compliance using AI- and RPA-based technologies.
LoanComplete empowers staff decision making through data-driven automation. Here's how:
1.
Captures documents and data through intelligent character recognition (ICR), AI and machine learning
Reads the document just as your eye would
Converts 100 percent of text with over 3,000 built-in data extraction rules
Offers high-volume processing (averaging 1 page/second)
2.
Verifies loan data accuracy by automating “stare and compare” tasks
Provides rules analysis
using multiple sources of data
Increases accuracy and completeness
of loan records
3.
Helps manage exceptions by displaying error conditions
Flags missing data and data mismatches early, accelerating loan review and delivery
Reduces lender buyback risks
Increases staff productivity
4.
Standardizes loan file audit reviews and controls
Automatically tracks required loan documents
Ensures audits are complete and alerts staff
Enhances compliance, reporting and transparency
5.
Enables straight-through processing
Delivers loan documents electronically
through tight integration
Speeds up loan processing
by an average of 32%
Accelerate Your Loan Process with LoanComplete
Also available as a cloud-based offering, LoanComplete captures, manages, processes and shares content throughout the life of each loan to eliminate manual data entry and validation, improve accuracy and ensure compliance. By streamlining loan processing, you can scale your business more cost-effectively, empower better decisions, reduce operating costs and increase borrower satisfaction.
Have a question for us?
For more information about LoanComplete and other Fiserv solutions, call us at 800-872-7882 or click below.
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