Significant reduction in labor costs and improved efficiencies to scan and process Post-Closing Loan Files will result from leveraging software to identify beginning and ends of documents, document types and automatic validation of information contained on specific documents within the loan. The application of GPE's advanced document classification & extraction technologies have resulted in up to an 85% savings in mortgage processing costs for the scanning and imaging of loan files

An example of improved efficiency occurs during the Loan Origination Process. Automated document classification and data extraction technology will provide loan officers the ability to deliver back-up documentation to underwriting without the need to identify the documents as Bank Statements, Appraisals, etc. Many of the Companies using this solution have been able to both acquire other mortgage entities and develop new products because of the reduced costs and improved efficiencies associated with our offering.

We are one of the few companies with a proven track record providing advanced capture technologies in a high volume mortgage environment.