Post-closing packages need to be reviewed to ensure all of the critical documents and data are included, which oftentimes means a time-consuming, labor-intensive “stare and compare” approach is taken. This leads to costly delays in shipping loans to investors, resulting in unhappy investors and rising costs for the lender.
With Capsilon DocVelocity, Post-Closing departments are able to:
Perform automated quality checks using Automated Data Extraction technology. Capsilon DocVelocity automates the checklist process to ensure complete, compliant loan packages that meet investors’ requirements.
Automate stacking orders to quickly identify missing documents so corrective action can be taken quickly.
Collaborate with all parties involved to quickly rectify issues using a secure, collaborative workspace. And, missing documents can be automatically uploaded to the loan file via this collaborative workspace, saving time and reducing errors.
Expedite delivery of loan packages to investors with automated stacking orders and one-click delivery, reducing rejects and increasing investor satisfaction.