The new capabilities increase efficiency and lower costs in the quality control processes
IndiSoft, a mortgage software provider, has enhanced the automation of its RX Office quality-control platform to increase efficiency and cut costs in the quality control and compliance audit processes.
RX Office can now recognize and sort origination and servicing documents through the integration of optical character recognition (OCR) capabilities into IndiSoft’s quality-control technology. The integration enables the platform to extract data and automate the completion of test plans.
“Our technology will help all mortgage companies experience unmatched efficiency and quality in satisfying the ever-increasing regulatory compliance demands from federal, state, investor and internal audit sources,” said IndiSoft Chief Executive Officer Hans Rusli.
The improved RX Office also offers embedded, loan-level calculators that will automatically calculate selected data from various documents to ensure compliance.
“The rapid technology advances supporting the front end of mortgage banking are now finding their way into a critical part of the business, regulatory compliance and quality control,” Rusli said. “Using this technology will improve accuracy, dramatically reduce costs and save time in meeting all compliance regulations.”
