LoanBeam Processing Automation
LoanBeam Processing AutomationTM
Processes more files FASTER with machine-based file assessment.
LoanBeam Processing AutomationTM
Preparing a file for risk review is time-consuming and error-prone.
It typically involves manual validation and data entry by inexperienced or outsourced resources, which can have serious
negative downstream effects, such as erroneous file decisioning and file buy-backs. LoanBeam Processing Automation's (LBPA)
document/data recognition software, machine-enabled pre-underwriting rules, and income calculation technology combine to automate mortgage processing tasks, reducing cycle times and improving file quality.
Key Benefits
1. Productivity: 2x increase in underwriter productivity.
2. Cost Reduction: More than 60% reduction in pre-underwriting costs.
3. Accuracy: System and service combination can build a document
4. Security: Ensures data security throughout the process.
5. Simplicity and Wide Reaching: Easy to implement and widely
6. Plug-n-Plug: Public APIs, native integrations, and JSON payloads
Ready to experience the difference for yourself?
Key Features
Document & Data Processing
- • Automated document and data processing.
- • Reduces or eliminates repetitive processing tasks.
-
• Extracts and organizes data with a consistency
only technology can perform.
- • Data available in a JSON payload.
-
• UI/UX options available for iFrame integration.
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Income Assessment
-
• Accurate and comprehensive income assessment
tailored to buyer-guideline specifics.
-
• Direct GSE integration and support for multiple
borrowers and income types.
-
• Income eligibility for GSE Rep and Warranty
programs.
- • Easy-to-read and editable results
- • Data is available in a JSON payload.
Validation Automation
-
• Pre-underwriting rules designed to automate
tedious processing tasks.
-
• Machine-enabled logic for application-to-
document and document-to-document
validation.
-
• Scalable solution to bridge any knowledge
gaps and ensure consistent file quality.
- • Easy-to-read and editable results.
- • Data is available in a JSON payload.
- • Reads MISMO file.
LBPA offers robust document and data processing capabilities, ensuring all unstructured data is accurately interpreted and processed. This feature flattens the repetitive tasks involved in file manufacturing and significantly improves borrower engagement.
- Machine-enabled data interpretation with self- or full-service document/data exception handling.
- UX interface available for in-system integration.
- JSON response
650+
documents
covered
Billion
cases
Leveraging the industry's leader in income calculation services, LoanBeam® Income, LBPA provides precise qualifying income results tailored to specific buyer guidelines, ensuring compliance and accuracy. The solution supports multiple borrowers, income types, and GSE R&W programs.
- Easy-to-read and editable results.
- JSON response availability.
- R&W eligibility through both GSEs.
GSE
direct
integration
0
M
million
usecases
LBPA automates pre-underwriting rules, enabling efficient document and data comparisons. This feature ensures that all documents are accurately validated, bridging knowledge gaps and maintaining consistent file quality.
- Machine-enabled logic for document comparison.
- Scalable at a moment's notice with JSON response and easy-to-read results.
- Integration and Compatibility
Integration Options:
- LBPA's APIs integrate seamlessly within any system, ensuring smooth data flow and operational efficiency.
- API documentation is available upon request.
- Native integrations into some popular LOS systems exist; contact sales to learn more about yours.
$
0
less costly
per loan
40%
fewer
defects