A mortgage company with over $8 billion in loan originations
Client Overview
Our client was heavily reliant on people and paper to do repetitive back-end operations that were error-prone and time-consuming.
The manual intensive processes were a deterrent when one needed to scale.
Business Challenge
The mortgage firm wanted to automate its back-office processes to free its staff from repetitive processes and create back office efficiencies.
Solution Impact
Loan processing time reduce by 98%
Loan applications processed per day were over 500
Significantly improved accuracies
Slashing manual labor by more than 50%
Our Approach
Quadratyx built an end to end Process Automation engine for 3 key processes involving over 20 steps per process. The solution also included a cognitive document analyzer to compare documents submitted by the applicant. Three key processes:
Ordering a report from credit bureau
Report fail cases
Stop the credit monitoring process
Genesis AI drives innovation in manufacturing with AI and machine learning, optimizing processes and boosting productivity across industries like chemical, petrochemical, and automotive.
