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MLO Index – DOC Splitter


MLO Index – DOC Splitter

Classifying and splitting documents

Bot Profile

Efficiency: high
Complexity: medium
OCR & Robotic Process Automation
Technology

Outcomes

Velocity
Productivity
Cost to Close

Benefits

  • 50% reduction in processing time
  • 100% steps automated at the indexing stage

Problem Statement

Reviewing every document in a loan package is time consuming and prone to error when done manually

Solution

Digital employee classifies & splits the documents to allow for proper placement in their respective folders in the LOS

Tech Specs

MLO Index – Doc Splitter is an OCR/ICR solution powered by Mquotient OCR and can be easily integrated with any Loan Origination System(LOS).

Expertise

  • Classifying and splitting documents
  • Uploading documents into shared folder