Visionet Systems‘ automated document classification, indexing and data extraction technology is now fully compatible with LendingQB‘s loan origination system, thanks to an integration announced by the two companies.
Mortgage lenders will benefit from this integration, as it enhances operational efficiency by seamlessly automating document management within the mortgage lending workflow, the companies say in a release.
Visionet’s VisiLoanReview (VLR) platform eliminates the manual splitting and indexing of documents that impedes the loan process. In addition to technology, the firm also offers business process outsourcing services.
“Lenders spend between 30 and 120 minutes combing through document packages on every loan file,” says Arshad Masood, CEO of Visionet. “Our technology and services allow lenders to offload a cumbersome and tedious process and improve the efficiency and scalability of their organization.”
“We are very pleased to add Visionet’s capabilities to our platform,” adds Binh Dang, president of LendingQB. “Our two companies have a shared goal of helping mortgage lenders become leaner and more effective organizations. The integration of VLR is truly synergistic because it merges our core capabilities and transforms the way that lenders work.”