solve the mortgage processing "paper problem"

Solving the Paper Problem Solutions for the Mortgage Industry

Phil Robinson SVP Business Development

Zia Consulting [email protected]

Ryan McVeigh

VP ECM Practice Zia Consulting

[email protected]

•  Hundreds of Pages, Dozens of Document Types

•  Expensive and Potentially Costly

•  Competitive Disadvantage

•  Non-Compliance

The Paper Problem

The Paper Problem… Is a Content Problem

Your Business is Contracts.

Contracts = Content

We are focused on building your Content Connected Enterprise

Solutions for the Mortgage Industry

Content Connected Enterprise

Mortgage Banking

Applications or

•  Mortgage Banks

•  Title Companies

•  Mortgage Insurers

•  Appraisal Companies

•  Rating Agencies

Who has Paper Problems?

•  Competition

•  Compliance •  New Standards

Why Now?

What are you doing? •  Going Paperless:

•  Intelligent Document Capture (IDC)

What are you doing? •  Secure Collaboration

•  Alfresco Share

•  MTNow

What are you doing? •  Workflow / BPM

•  Electronic Signatures

What are you doing? •  Enterprise Integration

•  Point-to-Point •  Enterprise Service Bus (ESB) •  Email Integration

What are you doing? •  Cloud

•  Public

•  Private

•  Hybrid

Mobile

What are you doing? •  Secure Mobile

What are you doing? •  Records Management

•  Paperless (Electronic RM)

•  Compliance

Questions?

Or Lunch?

•  Hundreds of pages of paper in each loan

•  Dozens of different document types

•  “Unstructured Content” •  Different paper sizes •  Typed / printed / signed

documents

Back to the Paper Problem About those Loans

What are you doing? •  Going Paperless:

•  Intelligent Document Capture (IDC)

What is IDC?

•  Classification and Extraction - without separator sheets or barcodes

•  Free form extraction – Key Value, Regular expression

•  Table extraction •  Handwriting recognition •  OCR/ICR/OMR integration •  Content delivered to storage

Introducing Ephesoft

•  Modern Alternative to Legacy Capture Systems

•  Rapid ROI

•  No Per-Page Pricing

•  100% web-based interface - Administration and Operator

•  Browser-based scanning included

Ephesoft for Loan Processing

•  Over 50 years combined experience in capture of loan documents

•  Responsible for some of the world’s largest implementations for mortgage documents

•  Not just scanned paper – fax, email,…. •  Unstructured content – Drivers License,

W2’s, Tax Documents…

•  I’m using Capture So2ware Without Indexing Capability and/or Receiving Images And Manually Classifying

•  Epheso2 offers: •  Auto ClassificaFon •  Auto ExtracFon •  Less Manual Processing •  More Timely •  More Accuracy

What about my current scanning software?

•  I’m using a capture tool like Kofax Ascent Capture or CapFva Capture\QuickScan Pro

•  Epheso2 offers: •  Client Server Architecture – Includes WebScanner •  OCR ClassificaFon

•  No Need For Pre Batch Processing

•  Free Form ExtracFon •  Table ExtracFon •  HandwriTen RecogniFon and

Checkbox ExtracFon •  Can Be Extended


•  I’m using a capture tool like Kofax KTM or CapFva Advanced RecogniFon

•  Epheso2 offers: •  No Click Charges – Monthly, Quarterly, Yearly Volume

RestricFons •  Train For ClassificaFon with 1 or 2 Samples •  No StaFon Charges •  No Module Charges (invoice extracFon, full text module,

import/export connectors, field number restricFons, etc) •  Purchase or SubscripFon •  Responsive and RecepFve Support

Group •  Client Server


Want to Learn More?

Intelligent Capture Solution

Case Study #1 Regional Mortgage Bank

Facts & Figures •  4,000,000 pages/year •  225 different document types •  95% accuracy in classification •  1/3 previous staff levels

•  ROI = less than 6 months

Case Study #1 Regional Mortgage Bank

Intelligent Capture to Alfresco

Case Study #2 Mortgage Insurance

Facts & Figures •  250+ Document Types

•  Appraisal, Income,…. •  1.3 million pages / month

Case Study #2 Mortgage Insurance

Ephesoft Solution

Social Security # Date Amount Purchase

Order # Address

2. Learns from samples 3. Classifies incoming documents and extracts data

1. IdenFfies the categories (document types)

4. Outputs metadata to start business process flow

PAPER DOCS

E-‐MAIL

FAX

LOAN APPLICATION IRS 1040 APPRAISAL INVOICE LETTER

•  Platforms •  Document & Records Management •  Workflow/BPM •  Intelligent Document Capture •  Portals

•  Solutions •  Case Management •  Contracts Management •  Email Integration •  Content Migration

Paper to Mobile Solutions

•  Programs & Packages •  IT Modernization •  Enterprise Integration •  Enterprise Mobility •  Zia Managed Cloud •  Enterprise Now Packages

Zia in 2013

Zia Enterprise Now Packages

Partnerships

How do you get started?

•  Enterprise Now Package •  Intelligent Capture Assessment •  Secure Mobile

•  Join Us!

Questions?

Phil Robinson SVP Business Development

Zia Consulting [email protected]

Ryan McVeigh

VP ECM Practice Zia Consulting

[email protected]

solve the mortgage processing "paper problem"

Technology