The software assists lenders, brokers and borrowers to use camera enabled smartphones and tablet computers to capture perfect images of documents, photographs and data and extract appropriate information from supporting documents and send it directly into the concerned loan processes.
Its Point of Origination capabilities helps to capture business information, enabling lenders to start application processes, obtain trailing documents and resolve exceptions faster, easily and accurately, claims the company.
Kofax chief executive officer Reynolds Bish said, "Kofax Mobile Capture for Mortgage gives lenders the power to streamline costs, provide a better user experience, increase time to revenue and strengthen their competitive advantage."
The firm provides business process management to more than 20,000 customers in banking, insurance, government, healthcare, business process outsourcing and other markets.
