20+

Document Processing Experience

2,000,000+

Documents Processed

20,000,000+

Data Elements Extracted

Loan Verification

A Complete Range of Solutions for Managing and Processing Financial Services Documents

  • Secure File Upload – Loan documents can be retrieved directly from DocuSign, our secure upload tools, secure FTPor via our API.
  • Document Classification – The system can automatically identify document types and uses this information to determine the most efficient data extraction method.
  • Data Extraction – The system utilizes DocuNECT’s Discovery technology to automatically extract data from the loan documents. All data extracted is linked to the location in the document it was discovered.
  • Data Verification – Business rules are defined to automatically validate and verify the data against the data tape. Optionally, the solution can check for missing document type and missing signatures.
  • Diligence Workflow and Reporting – Exceptions found in the verification process can either be presented as a report, or in a workflow to help facilitate the resolution.
  • Benefits
    100% Automated Loan Review – The solution verifies every loan document and does not rely on a sampling plan that may miss critical issues.
    Exception Management – If any exceptions are found a workflow task is created and they are reviewed by a specialist.
    Fast Turnaround – Significant focus on an efficient process and the separation of the verification and certification allows for a very fast turnaround once certification is needed.
    Process Transparency – Customers can log in at any time and monitor the process via the eVerification dashboard. Customers can optionally receive notifications of progress.
    Verification Drill Down – Customers can drill down and analyze the results down to the loan level, and are able to review audit trails, extracted data and documents.
    Performance – Hosted on scalable architecture, the eVerfication can respond to meet the needs of your business.
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Apps to Power Up Your DM

Add Additional Capabilities To Your Existing Document Management System

  • Intelligent Document Capture – Capture documents from different sources and use AI driven data extraction to populate system properties
  • eDestruction – eVault checks for duplicates, document integrity, assignee, and electronic signatures.
  • Vault Transfers – Intuitive dashboard guides the user through the vault transfer approval process and includes tools to ensure that the assets required for the transfer are available and automatically notifies of all parties once the transaction is complete.
  • Copy Requests – Easy to use process to request watermarked copies of assets that are automatically posted to a secure location for download by the customer.
  • Asset Removal – Intuitive dashboard guides the user through the asset removal process.
  • Evidence of Control – All actions related to the Single Authoritative Copy are recorded in an immutable Control System Activity Log.
  • Verification of Data and Documents – The Loan eVerification module can be combined to automate verification of data elements against a data tape using highly sophisticated text extraction tools. Daily automated verifications are easily configured, and certifications can be completed in hours.
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Document Lifecycle Management

Manage the Complete the Lifecycle of Your Documents

  • Capture Member Documents from Digital Source such as: Fund Management Documents, Account/Member Receipts, Account/Member Documents, Loan Documents,  MeridianLink Documents, DocuSign Integration, Documents from Statement Processing Vendors, Host Processing Reports.
  • Capture Documents from User’s Desktop via the DocuNECT Client Tools to print, scan, drag and drop documents from the desktop.
  • DocuNECT Discovery’s powerful data extraction technology automates the classification and data extraction/assignment leaving your staff more time to service members.
  • Compliant Document Management and Retention functionality. All documents are stored in a secure vault with extensive audit trails to maintain security and compliance. Employees can easily search and retrieve documents to quickly serve member requests.
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