Handling mortgage functions are a breeze by harnessing the processing power of MSuite - FWS's powerful automation solution for all functions
MSuite - Mortgage Automation, RPA Tool
M-suite is an automated doc management tool developed by ExpertMortgageAssistance and Flatworld. Driven by advanced technologies like OCR, Robotic process automation (RPA), Machine Learning and Artificial Intelligence, it reduces the time taken to onboard a loan by as much as 85 percent, processes thousands of mortgage documents & files per hour, ensures further scalability, and provides fool-proof data security.
Are you finding it increasingly difficult to provide efficient, accurate, and customer friendly services while exceeding the demands made by an increasingly digital populace? Industry experts and professionals with years of experience are just not enough when it comes to anticipating customer needs and creating advanced solutions which match their expectations.
At Flatworld Solutions, we are in the business of future-proofing mortgage operations with our premier mortgage automation services for global clients. We believe in a digital-first philosophy, and the disruptive potential of our mortgage automation tool can help you better your processes, reduce costs, and assist with the ever-stringent regulatory requirements without missing a beat. From document management to decision making, automatic validation and dashboarding tools, MSuite - the FWS mortgage automation tool can help you achieve your targets and move towards profitability.
What is MSuite?
Our mortgage automation tool, also known as MSuite, is a high-tech automated data and document classification as well as extraction tool created especially for mortgage lenders. This tool can accurately identify printed or scanned text and convert the same into structured datasets without any manual intervention.
We designed MSuite from the ground-up to handle mortgage loan documents, and its base lies in one of the most advanced OCR engines that eliminates the necessity for any sort of manual work. Armed with state-of-art vision enhancement technology and statistical algorithms, MSuite allows our clients to scan, sort, and classify a wide range of documents.
Some of the highlight features of our mortgage automation tool include -
Integration with multiple LOS (Loan Origination Systems)
Machine-learning algorithms to identify new documents
Cost-effective and fast processing of bulk documents without human intervention
What Sets Our Mortgage Automation Tool Apart?
For mortgage lenders, MSuite is a one-stop-shop for all their documentation requirements, allowing them to browse scanned images, split, organize them into folders and databases. Extraction of documentation records from anywhere is a breeze and finally, it is a cost-effective solution to process loan documents which are in accordance with federal regulations. Offered as part of our exemplary mortgage automation services, MSuite can automate most back-end mortgage processes using the following methods -
OCR (Optical Character Recognition)
RPA (Robot Process Automation)
AI (Artificial Intelligence)
ML (Machine Learning)
Where our software excels is in automating the entire UDN process, ensuring consistent levels of customer engagement and better, faster, and more accurate loan processing. By simply implementing Flatworld Solutions' mortgage automation tool in the backend, you can cut down on unnecessary paperwork by more than 50%, while reducing overall turnaround times and expenditure in the process.
The Process of Using MSuite
The process we follow will help you understand the effort we take to ensure that the end-to-end mortgage process is efficient and uninterrupted. Here is the process behind loan processing with mortgage automation tool -
01. Requirement Discovery
We will collaborate and gather information on what processes you prefer to outsource and the expected turnaround
02. Checklist Approach to Identify Tasks
We will identify tasks that can be automated, and the task will be queued for analysis
03. Automation using MSuite
Our team of mortgage professionals will use MSuite automation tool to process from loan origination to disbursal of funds
After completion of the process, we will furnish comprehensive reports complete with measurable metrics
Mortgage Tasks We Handle Using MSuite
Mortgage processes which stand to gain from MSuite's world-class automation capabilities include -
Mortgage loan processing
Mortgage loan delivery
Benefits of MSuite for Your Mortgage Company
More than 60-70% of the day-to-day tasks in mortgage processes across your value chain are backend prep tasks. These tasks tend to be replicable, logical, and repetitive in nature, making them prime candidates for automation. The FWS mortgage automation tool is focused on future proofing your operational processes while embracing design thinking, digitization, and pervasive analytics to a total revamp of your existing mortgage lifecycle. By implementing MSuite, you can benefit from the following -
Better Information Management Accuracy
Our MSuite software suite contains robust machine learning algorithms which lead to better accuracy levels while processing your loan documents. As the software keeps learning and growing its capabilities, it completely negates the need for manual intervention while performing high-load tasks regularly.
With M-Suite, our clients can confidently move ahead with their long-term goals while eliminating manual data entry errors, information mismatch, missed tasks, etc. As a result, you stand to gain from a fool-proof process minus any risks involved, leading to better operational efficiency.
Data Indexing and Validation
Since the MSuite software can automatically capture all data from multiple scanned documents and index them properly, you save a lot of time and effort that would have gone into the same. The tool can automatically create and sort indexes, labeling the documents with keys allowing you to retrieve multiple documents in one search string.
M-Suite leverages both ICR and OCR character recognition engines to digitize data from your hard copies with more than 99% accuracy. We have optimized the entire software suite to work with all your requirements, and its very nature means it can be regularly updated to keep up with changing requirements.
Why Use Flatworld's Mortgage Automation Tool for Mortgage Document Processing?
At Flatworld, we believe that mortgage process automation can truly transform how modern mortgage companies conduct their business and focus on their customers. MSuite is a software tool which encompasses everything that we hope to achieve when providing our bespoke mortgage automation solutions to global clients, and can offer the following benefits such as -
Eliminate all manual intervention and validation of data through an automated stare-and-compare approach
Leverage technologies such as industry-best OCR, RPA, and ICR technologies while leveraging the power of machine learning
MSuite consists of a wide array of conventional and pro features all packaged in an easy to use and understand interface
MSuite can easily integrate into different loan origination systems without harming the existing processes, making it a versatile tool for all your needs
Custom algorithms and advanced mathematical models lie in the heart of MSuite, ensuring its computational prowess suits your requirements – whether you are a large multi-national company or a start-up
Receive access to a large, robust database with all-time access in the form of cloud access and data backup
MSuite is an easy-to-implement tool and has zero implementation costs, zero fixed costs, and no upfront costs at all
Client Success Stories
How We Helped a Mortgage Valuation Company Increase His Business ROI
A mortgage valuation company approached Flatworld Solutions to scale up their operation and reduce the TAT. We helped the client achieve a 25% growth in business.
Over the past 16 years, Flatworld has provided end-to-end component-based and highly defined mortgage solutions to its clients across the globe. We result in swift and differentiated outcomes every single time, one of the main reasons why most of our clients give us repeat business, year after year.
To know more about how MSuite can make a defined impact on your business processes, get in touch with us today!