Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, announced that the company has been selected to demonstrate and introduce its new solution to the market, eFLOW® Lending, in a 7-minute demonstration at FinovateSpring 2015 being held on May 12th and 13th in San Jose, CA.
eFLOW Lending is designed to transform what is currently a very time-consuming and expensive origination process into a streamlined, automated, self-service-enabled experience.
Leveraging eFLOW®’s powerful recognition, classification and extraction technologies together with industry knowledge refined during the successful completion of a recent major implementation in the US mortgage fulfillment industry, eFLOW Lending enables loan originators to resolve the high costs and lengthy delays typical to traditional manual loan and mortgage origination processing.
eFLOW Lending can automatically capture and process any volume of documents of any type, anywhere, at any time. The solution includes a digital checklist that automatically assesses the status of document packages for completion and compliance. Increasing accuracy and operational efficiency through automated document classification and data capture, eFLOW Lending improves origination processes, reducing mortgage processing cycle times and costs while maintaining maximum security and compliance.
“We’re very enthusiastic about eFLOW Lending being launched at FinovateSpring,” said Gordon Sellers, VP Strategy and Product Management, Top Image Systems. ‘With this solution, Top Image Systems dramatically improves the mortgage and loan origination experience for both lenders and their customers, as well as for all the many players in what can be a long and complex document processing workflow. By accelerating origination processes, reducing the time investment and improving the results of loan document compliance, eFLOW Lending resolves a painful challenge for the fintech industry.”