Another industry first in ResWare, saving users a tremendous amount of time with automatic document routing.
Superior, CO, (September 29, 2020) – Adeptive Software, developers of the powerful and open title and escrow production software, ResWare®, partners with Pythonic.AI for intelligent document routing. Now available in ResWare, this is the first of its kind for the platform and the industry with over 90% performance accuracy for automatically routing mortgage payoffs. In an industry that runs on documents, this leading-edge AI solution extracts the valuable information in documents, reads the content, and seamlessly routes the documents to the correct ResWare file without manual interaction.
With the industry experiencing skyrocketing volumes thanks to low interest rates, the ResWare-Pythonic partnership enables staff to focus on responsibilities that deliver more value per unit of time to ResWare customers. Already live with select ResWare customers, the AI functionality is providing great success and accuracy and the ability to effectively handle more transactional volume without additional personnel costs.
“ResWare is the system of record for our customers, and it’s our responsibility to develop and offer services to help them be ever more efficient and scalable on our platform,” said Gorkem Kuterdem, Adeptive’s senior vice president of strategy and product. “With ResWare’s integration and workflow capabilities, our partners are able to innovate fast and offer first-of-its-kind products to reduce manual tasks and processes for our customers,” Gorkem continued.
With the initial success of the intelligent routing of payoff documents, the partnership with Pythonic is in its next phase of routing other documents and tackling document classification, another area in which much human effort is spent during the transaction lifecycle. As the most powerful and customizable title and escrow platform on the market, ResWare’s open API platform enables customers to build on the platform or take advantage ResWare partners to be as efficient as possible and deliver the highest value and accuracy to their customers. This is truly an industry first.
Pythonic focuses the power of state-of-the-art machine learning on documents to automate routine classification, extraction, review, and routing workflows. Pythonic’s products are built around common, but sufficiently narrow, use cases that bring domain-specific intelligence to processing unstructured textual data. Taking a PDF (or scanned image) as input, Pythonic trains context-specific OCR models and context-specific natural language models that allow software robots to read and interpret what’s on each page. Pythonic specializes in applications where high precision is important. Pythonic targets human-level, or better, precision as its baseline. Learn more at pythonic.ai.