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Last update: 02 May, 2024 95 Views

How many banks use paradatec? Used by 3 of the 10 largest U.S. banks and 4 of the 10 largest servicers, Paradatec is bringing previously unimaginable efficiency and speed to the financial services industry.

How does paradatecs ai work? With Paradatec’s AI capabilities, recognized text is machine-read to establish contextual understanding, just as if a person were reading the data. Out of the box, this capability enables indexing of more than 750 types of mortgage documents and extraction of loan data with extreme accuracy in milliseconds.

Why choose paradatec for loan document automation? Paradatec provides a polished out-of-the-box solution for loan document automation. Compare that with the DIY OCR toolkits you have seen. At Paradatec, we specialize in automated document classification and data capture from unstructured or free-form mortgage and other loan documents.

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