Bot Profile
Efficiency: high
Complexity: high
OCR & Robotic Process Automation
TechnologyOutcomes
Velocity
Productivity
Cost to Close
Benefits
- 80% automation with reduction in loan processing time with improved accuracy
Problem Statement
The Closing document creation & updating needs to access multiple applications & websites which is time consuming and is prone to human error
Solution
Digital employee extracts & classifies information from 4 different title documents and updates 82 different fields and performs 175-200 data validations to generate the final CD document in the desired title application system thereby improving accuracy
Tech Specs
Title Closing CoBot is an attended digital employee powered by IQ Bot OCR and Automation Anywhere RPA suite and can be easily integrated with any title system. It has been implemented on widely used title production software and title workflow platform
Expertise
- Extracting & classifying information from title documents received from client application
- Updating information in the workflow software application
- Generates and saves final closing disclosure document
- Identify and trigger exception routing to human processors