What is mortgage processing and how to automate it?

Mortgage processing automation using OCR technology can improve the efficiency and accuracy of the mortgage origination process, reducing manual workloads and improving compliance with regulatory requirements. The use of AI-based OCR platforms like Nanonets can automate data extraction from unstructured documents, reducing the time taken to process each document and minimizing errors. This can lead to cost savings, a better customer experience, and enhanced productivity for lenders. By streamlining the mortgage processing workflow, automation technologies can help companies stay competitive in today's fast-paced business environment.