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Mortgages

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DocXP For Invoices

For Mortgages

DocXP™ for Mortgages operates on the general DocXP™ platform. It has been designed in collaboration with lending industry professionals to accommodate the needs of various agencies and individuals dealing with appraisals and fraud in the mortgage industry

DocXP™ for mortgages is designed to:

•         Automate data capture from appraisal reports (Freddie Mac/Fannie Mae or others)

•         Automate Appraisal Identification

Specialized functionality in DocXP™ for mortgages

  • Workflow

A special workflow has been designed to accommodate the needs of lending professionals assessing the appraisal reports.

  • Identification.

The system automatically identifies various pages of multi-page appraisal documents. It supports all vintages of appraisal reports circulating in the industry

  • Automatic data capture

The product automatically captures data from hundreds of fields present in a densely populated appraisal report.

Features:

  • Fully Automatic Appraisal Report Processing System

  • Automatic data capture from appraisal reports (Freddie Mac/Fannie Mae or others)

  • Automatic Appraisal Identification

  • Captures all fields of interest including ownership details, comparable sales, mark sense boxes and much more

  • Customizable to accommodate specific requirements

  • Supports paper or image (TIFF or PDF)

  • Supports older and newer vintages of Uniform Residential Appraisal Report (Freddie Mac Form 70/Fannie Mae 1004 – March 2005) and Individual Condominium Unit Appraisal Report (Freddie Mac Form 465/Fannie Mae 1073 – March 2005). 

  • Internally supported security and permission levels for management of sensitive information

  • Superior data formatting capabilities, audit trail

  • Administration module provides all the necessary communication and control functions

  • Status viewer for monitoring the status of job trays, operators and documents

  • Module for generating reports

  • Annotation for users and special additional memo field for developers and integrators

  • Disaster Recovery system

We are happy to answer any questions about DocXP™ for Mortgages solution if you contact us.