Paradatec Inc., a provider of AI-based document analysis technology for the lending and real estate industries, says its AI-Cloud solution is now integrated with Path Software, a mortgage loan origination system.
“AI-Cloud’s lights-out document automation ensures more banks, lenders and brokers get the data they need to power their downstream systems,” says Mark Tinkham, director of strategic business alliances at Paradatec. “We look forward to a long and valuable partnership with Path Software and share their commitment to industry innovation.”
The integration pairs Path with AI-Cloud, Paradatec’s AI-based document classification, versioning and data extraction technology. Through the integration, AI-Cloud automatically retrieves a lender’s loan documents for classification from within Path, indexes and meta-tags them, and returns the documents to Path.
Paradatec’s AI-Cloud automated document analysis technology uses AI-based machine-learning tools and pre-trained libraries to find and capture over 8,500 data points trapped in over 850 mortgage and real estate documents and transforms them into actionable data.
Path is configurable to the lenders’ specific needs, including workflows, roles, organizational structure and compliance controls. This data-driven platform is device-independent and can be conveniently accessed from any web-connected device. Path also includes a compliance management platform, Path Agile Compliance, that provides proactive, automated compliance alerts, audit trails and parallel compliance workflows.
