BSI Financial Services partners with Vaultedge to deploy best in class document indexing capabilities and automate bulk loan onboarding
BSI Financial Services announced a partnership with Vaultedge Software to automate its MSR boarding process. BSI Financial is one of the largest mortgage servicing companies in the nation, and it is looking to aggressively grow its servicing business through portfolio acquisitions. As a part of a strategic initiative, to onboard and service such large loan volumes, BSI is focused on process redesign and automation.
The partnership with Vaultedge is a pro-active step in that direction. With Vaultedge, BSI has been able to automate their MSR boarding process and build best in class document indexing, classifying and extraction capabilities.
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“Vaultedge is helping us automate the MSR boarding process. Vaultedge Mortgage Automation is able to classify and split mortgage documents with more than 99% accuracy and it has an elegant UI to review output and take care of exceptions,” said Michael Kittyle, CIO at BSI Financial Services.
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“We feel proud to be a part of the growth story of BSI Financial. Given the success in automating the loan boarding process, we are exploring other processes – where automated indexing and classification can add value,” said Murali Tirupati, CEO of Vaultedge.
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