ACES Teams With Digilytics to Give Users Access to Advanced OCR Technology

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ACES Quality Management (ACES), which offers enterprise quality management and control software for the financial services industry, is partnering with Digilytics to provide ACES users access to Revel, an optical character recognition (OCR) technology powered by artificial intelligence (AI) and machine learning (ML). 

Digilytics’ technology helps streamline quality control (QC) reviews conducted using ACES Quality Management & Control software by automating document indexing and categorization to ensure loan files selected for review are accurate and complete, ACES says in a release.

“AI and ML hold the transformative potential to revolutionize the 

landscape of mortgage lending as we know it,” says Trevor Gauthier, CEO for ACES. “At ACES, we are excited about the prospect of empowering our users with the ability to harness these cutting-edge innovations, thereby elevating the efficiency of their QC reviews and ultimately enhancing loan quality.

”Recognizing the role that document indexing and categorization play in streamlining the QC review process, it became imperative for ACES to collaborate with a company like Digilytics,” Gauthier adds. “Not only does Digilytics boast a proven track record of success, but they 

have also demonstrated a commitment to the continuous modernization of their technology.”

Digilytics’ Revel OCR platform enhances loan review and QC from origination to post-closing review by enabling lenders to perform loan reviews more efficiently. Using AI to index large loan packages and extract data, Revel improves reviewers’ speed and accuracy, allowing them to give more attention to exceptions as they move through their reviews inside the ACES platform.

“Digilytics’ technology paired with ACES Flexible Audit Technology will revolutionize the way quality control professionals approach document processing,” says Larry Fried, country head of the USA division at Digilytics. “Our advanced AI algorithms streamline workflows, increase productivity, and minimize the need for manual intervention, ultimately delivering unparalleled value to our mutual clients. This partnership marks a significant stride towards fostering a more streamlined, tech-driven approach within the mortgage lending industry, ultimately benefiting both lenders and borrowers alike.”

Photo: Piotr Łaskawski

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