Mortgage OCR

Paperless Mortgage Software

LoanStacker
Loan OCR

LoanStacker will save mortgage brokers thousands of hours of work and enable your company to leverage the full power of your LOS or document management software investment.

Scanning Mortgage Loan Documents
Mortgage Document Scanning

Many Loan Origination Software (LOS) systems have scanning capabilities, but the process of manually labeling each document is so cumbersome that very few companies fully adopt a paperless workflow. LoanStacker automates the loan scanning process with optical character recognition (OCR) and barcode recognition, allowing you to take full advantage of the features of your lending software investment.

LoanStacker recognizes unique keywords in the OCR text to identify all of the documents in both Origination and Closing packages, even most borrower-supplied documents like pay stubs, bank statements and tax returns. While other mortgage scanning applications can only recognize barcoded files (if that), LoanStacker adds intelligent OCR to identify every document in the loan. Barcodes are read first since they are faster and more accurate when available, but if no barcode is found the OCR keyword matching algorithm is applied. LoanStacker also outputs PDF Image+Text files, allowing you to search for any word in the body text of the document.

Once identified and labeled, the files can be attached to corresponding tasks and conditions in the processing workflow or re-sorted into stack orders for submission. This makes the paperless lending process possible by making it easier to work with electronic documents than it is to stick with the paper.



"LoanStacker's document recognition, naming and seamless integration with the Encompass eFolder has made our company more efficient and profitable. Organized paperless files easily accessible by all departments from multiple locations has revolutionized HomeStar's business."       -Wes Hunt - President, HomeStar Financial

 

Mortgage OCR solutions by LoanStacker automates mortgage document scanning and sorting with OCR.
 

  • LoanStacker can...

  • Mortgage OCR Recognize over 400 Origination and Closing documents

  • Mortgage OCR Use barcode recognition to identify standard documents quickly

  • Mortgage OCR Use OCR to identify any document with text recognition

  • Mortgage OCR Sort documents automatically by investor stack orders

  • Mortgage OCR Document matching can be customized for your files

  • Mortgage OCR Work with any desktop scanner or networked copier

  • Mortgage OCR Integrates with most loan processing applications

  • Mortgage OCR Integrates with most document management systems

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LoanStacker is a one of a kind solution for Mortgage OCR. It doesn't just scan mortgage documents, it identifies each one so it can be used to automate the approval process. It is the missing link in paperless loan processing.



LoanStacker includes:

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integrates with

    BytePro Mortgage & Ellie Mae Encompass

     Byte Mortgage Ellie Mae Encompass

    Scanning documents is required to unlock the full potential of these powerful mortgage applications. But it can take hours to label and attach the hundreds of applications, disclosures, credit documents and other required forms using the built-in interface.

Integrations & Demo Videos

articles & resources

    Several relevant articles on loan document scanning and paperless mortgage applications.


    "Go paperless in your office and stop being a slave to a bygone practice. At the same time you’ll save time, money, effort, and gain a PR windfall benefit by going "green." Explore Electronic Document Management alternatives."

    -James Hennessy, Mortgage Originator

more paperless mortgage articles