AtClose has launched integration with Visionet’s OCR (Optical Character Recognition)-based VLR (VisiLoanReview) technology that extracts data from Title Search documents such as Deed, Mortgage, and Liens/Judgments, and automates data entry for commitment generation and other title products. The seamless integration captures the necessary information for Grantor/Grantees, legal descriptions, recording information and other data elements that are required to produce Title Reports. The integration helps customers optimize their title production processes, improve efficiency and meet tight service level agreements (SLAs).
Visionet’s VLR, a cutting-edge OCR technology based platform, provides automation support in document classification, validation, indexing and data extraction, while integrating with standard document management systems (DMS) for any mortgage loan workflow.
With this integration, documents are automatically pushed to VLR to extract data from the Title search documents to capture all necessary information for the production of the Title Reports. This automation reduces manual errors and cuts down production time, which will in turn help AtClose improve efficiency and produce quality Title reports.
“Our VLR technology will help AtClose minimize the tedious and time-consuming manual documentation process. This advanced OCR technology is an evolution from the manual document classification and data extraction process. This platform will make the job easy for AtClose’s analysts by automating the Title generation process and minimizing manual intervention”, said Bill McNamara, Chief Strategy Officer of Visionet.
About Visionet Systems, Inc.
Cranbury, NJ based – Visionet Systems, Inc. is a full-service technology, consulting and business process outsourcing (BPO) company. Visionet delivers software solutions, services, and technology-led BPO products. These products are built on the best-of-breed philosophy to help its customers by increasing business agility, drive down costs, and reduce risks. Over the years, Visionet has engineered high performing and cost-effective solutions for its customers across diverse industries including banking, retail, insurance, distribution and manufacturing, while building deep competencies in the mortgage Industry. Visionet is focused on delivering value and exceeding customer expectations. For more information, visit online at www.visionetsystems.com