Paradatec Inc., a provider of artificial intelligence (AI)-based document analysis technology for the lending and real estate industries, announced the availability of a new analytics module designed to automatically compare system-of-record data from different systems with extracted and calculated data from source documents and datasets.
According to the Wilmington, Delaware-based Paradatec, the new analytics module accelerates the process of data harmonization by automating data review, which is time- and labor-intensive and prone to errors when accomplished manually. The company’s AI-Cloud platform is designed to improve overall data accuracy and flag unusual data, thus improving the quality of loan files while strengthening fraud detection capabilities.
“Our new Analytics module is another example of our ongoing investment to deliver customer-requested practical, tangible innovation for our valued clients and the mortgage industry,” said Neil Fraser, director of U.S. operations at Paradatec. “Customers have told us they are investing in their own capabilities or third-party systems to automate complex workflows, and they are depending on Paradatec to help them identify, cleanse and translate the data those workflow automation systems require.”
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