Xpanse, a provider of solutions for the financial services and mortgage industries, will soon debut DASH, a configurable, end-to-end document automation platform, and DATA, a data advisory practice specializing in Snowflake technology.
“In just over three years, Xpanse has grown tremendously by creating new products and services to better serve mortgage and financial services companies and enhance their strategic planning initiatives,” says Kevin VanHowe, head of data practice at Xpanse.
Podium is Xpanse’s intelligent order management platform that centralizes communications between lenders and service providers. Podium tracks and manages title, closing, appraisal, flood, automated valuation models and tax information orders, delivering transparency and real-time insights.
Podium offers SLA scorecards that provide data on performance without manual analysis. With Podium, informed decisions about provider allocation are made instantly.
DASH is Xpanse’s document processing platform that automates document classification and extracts essential data from those files. Capable of processing 1,500 pages per minute, DASH helps organizations process documents efficiently. Nearly 700 document types, such as pay stubs, W-2 forms, closing disclosures and notes, have been programmed into the DASH platform.
Developed on insights gained from various mortgage operations and subject matter experts, DASH brings together optical character recognition, AI, natural language processing, machine learning and recognition capabilities to scan and process a wide variety of documents, from simple forms to unstructured documents.
Benchmarked to process 25 pages per second, DASH’s low-code/no-code design also provides the ability to configure new templates, initiate changes and train the platform in real time without the assistance of an IT professional.
The Xpanse DATA advisory practice aims to assist companies with the cloud migration journey—helping to develop the best scalable strategy to implement, operationalize and optimize data on Snowflake, a cloud data warehouse technology.
On average, early DATA clients have seen a 73% reduction in total cost of ownership compared to their previous data platforms, a 60% reduction in platform maintenance and administration costs, and a 61% reduction in data processing jobs.
