Loan Processing Solution - VLR | Visionet Systems

VLR

Loan processing solution that leverages
AI/ML-based OCR technology

Reduce cost of loan production
by more than 30%

Visionet's VLR is fully integrated with Encompass by EllieMae

Experience over 98% accuracy in loan processing

A loan processing solution that leverages AI/ML-based OCR technology to deliver over 98% accuracy

Faster Loan Disbursement

Speed up loan document processing
by over 30%

AI/ML Powered Technology

Leverage AI/ML powered technology to deliver over 98% accuracy in document processing

Integrated with Encompass

Fully integrated with Encompass by Ellie Mae, so that you can process borrower loan files faster

Agile, Nimble, and Ready to Deliver

At Visionet, we understand the need to be reliable yet quick on your feet. Our domain expertise together with leading mortgage technology makes it possible

Driving Outcomes

Real-time data validation for a leading bank with AI/ML-powered automation

4 Wk

Deployment Time

98%

Data Accuracy

99%

Automation Achieved

Success Stories

The remarkable results achieved by organizations that trust Visionet

Leading Global Financial Services Company

Implemented VLR for auto indexing and data capturing from the documents
The uniform naming convention for indexed document was defined
Multi-layered audit via exception trigger process was implemented to ensure the quality of results

Leading Real Estate Company

Created & Implemented uniform procedure across the departments for TAT improvement
12 hours of coverage was provided for most of the departments to ensure smooth flow of information
End To End loan processing in offshore for quality and productivity gain

Leading Mortgage Lender

Multi layered quality checks were embedded in the process
Combination of auto indexing (via VLR application) along with white gloving created significant productivity gains
Experienced team of underwriters for pre-underwriting and pre-purchase review was set up at offshore

Transformation with VLR

Achieve Over 98% Accuracy

AI/ML based document processing providing over 98% accuracy

Interactive QC Platform

Supporting post-close and
pre-funding audits

Pre-Configured Business Rules

8000+ customizable business rules for underwriting support

BI Enabled Dashboard

Advanced analytical reports for strategic decision making

Real Time Data Validation for a Leading Bank with AI/ML Powered Automation

Challenge

While opening Direct Deposit Accounts for business customers, critical data fields were not getting updated despite manual processing. Manual workflows had to be created engaging critical front line banking staff

Solution

Integrated client’s banking system and document repository with VLR to provide real time comparing and data validation through automation without any human intervention. 24X7 support provided to business users to ensure quicker user adoption

Benefits

We completed deployment for the client within 4 weeks

Achieved 99% Automation

Industry Partnerships

Test Our Tool to Believe It

Send us up to 5 files & we will process it for you without any commitment.

Within the Mortgage industry, originators need to process loans in bulk. A proven AI/ML-powered OCR tool like VLR can do the job for you.

Submit Files Yourself Seek Assistance

Reinsurance Case Study

Know more about our Mortgage Processing Services

VLR

Find out how VLR can save you 30% turn time while ensuring over 98% accuracy

Download Brochure

How can Encompass users improve quality and time in loan processing?

What steps can lenders take to reduce the cost of producing a loan

Know more about our Mortgage Sensitized ODCs

Testimonials

The remarkable results achieved by organizations that trust Visionet

Visionet's VLR tool enables data accuracy and reliability for a successful loan onboarding

Visionet is a leader in accurately handling large volumes of data, reducing and simplifying our loan boarding processes. As ServiceMac grows, we needed a top-quality firm to support our and our clients' needs to ensure the data and documents meet and exceed regulatory requirements. Visionet is one of our key partners, allowing us to offer compliant, full-scope subservicing.

Eric Sadow
EVP and Chief Risk Officer

Visionet's extraordinary speed truly impressed me

We leveraged Visionet’s OCR solution (VLR) and technical team services to automate this process. This led to a time-saving of more than 90% of the previous process in place. I am extremely satisfied with Visionet’s knowledge and effort to make this engagement successful. Much of the custom changes requested were very detailed, Visionet’s extraordinary speed at making those changes is what truly impressed me.

VP - Mortgage Servicing
Leading Regional Mortgage Bank

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