mortgage data capture solutions.
LoanStacker is designed to identify mortgage documents to enable originators and underwriters to quickly find needed documents and automatically sort applications by investor stack orders.
Banks and warehouse lenders that purchase loans have an additional data entry task. The loan application data must be key entered from the application into a database or LOS, an expensive and time consuming manual step. This step can also be automated.
LoanStacker was developed by SimpleSoftware, a leading systems integrator for ocr data capture solutions. SimpleSoftware has also developed out-of-the-box recognition systems using ABBYY FlexiCapture that can read common mortgage forms like the Uniform Residential Loan Application (1003), HUD-1 Settlement Statement and Appraisal Report (1004) and automatically capture all of the key information using OCR (optical character recognition).
Data captured from loan documents can be automatically uploaded to any database or LOS using the same integration methods used by LoanStacker.
LoanStacker and FlexiCapture work together to identify and sort the application, then automatically route specific documents for data extraction in FlexiCapture.
New forms are being added to our portfolio all the time, and our mortgage document specialization lets us develop new templates for much less than other integrators. Any data on any mortgage document can be located and extracted using our software. Any data entry task can be automated.
Automatic scanning for mortgage loan documents
Use LoanStacker to automate the process of scanning and filing loan documents using powerful Optical Character Recognition (OCR) technology.
The following lists show the large number of mortgage origination and closing documents that can be automatically recognized and classified by LoanStacker.
Document titles can be modified and custom documents can be added to the database. To make documents easier to find, categories like Assets, Credit, Disclosures, etc. can be assigned as well.
Our extensive research and testing has allowed us to develop a standard naming scheme for mortgage documents. Enforcing a naming standard is necessary to enable tracking of documents through a mortgage processing workflow.
You can check for more information and a complete list of documents here.