Mortgage Machine Services, a new mortgage lending software company, has added Click n’ File, an innovative document management system, to its all-in-one loan origination system (LOS), Mortgage Machine.
The system leverages artificial intelligence (AI) to automate document management tasks like sorting, stacking, classification and indexing, eliminating monotonous manual data entry and improving overall operational efficiency.
“Time is money in the mortgage industry, and our software is a time-saving powerhouse. It simplifies complex workflows, speeds up the approval process and empowers mortgage professionals to close loans faster – all while reducing operational expenses,” says Jeff Bode, founder and CEO of Mortgage Machine Services, in a release. “Our new AI enhancements translate into substantial time savings, enabling lenders to focus on building stronger customer relationships.”
Using AI, Click n’ File manages document intake, identifies and categorizes information from various document types, indexes uploaded documents by loan number, class and subclass using AI and then sorts them into the appropriate folders. The system seamlessly supports all loan documents, utilizing PDFs and the SMART Doc data and security standard from the Mortgage Industry Standards Maintenance Organization (MISMO), and displays the PDF while retaining the XML code for flexibility in exporting format.
“We understand that every minute and every dollar counts in today’s competitive market,” Bode says. “We engineered our loan origination software with AI technology to maximize efficiency, enhance accuracy and minimize costs, ensuring our customers remain competitive and profitable.”