OCR Technology: An Old Tool is New Again

2018-13

OCR Technology: An Old Tool is New Again

When it comes to solid technologies that have been in use for many years, Optical Character Recognition has been around for nearly a century. Believe it or not, the first examples of OCR were in development in 1914. Of course use of OCR to translate information on paper documents into digital information that can be used in modern office automation did not enjoy significant adoption until the late 1970s. Ray Kurzweil, the famous American inventor and futurist, invented the omni-font OCR in 1974.

Harnessing the Power of Mobile Loan Origination

2018-02

Harnessing the Power of Mobile Loan Origination

Mortgage lenders across the industry are reporting high levels of stress as they struggle to maintain loan volumes in an increasingly challenging environment. Volume is down, refinances are dwindling in the face of steadily increasing interest rates and more lenders are competing for a smaller group of purchase money home loan borrowers.

Visionet Publishes Whitepaper on effective usage of Mobile in Loan Originations

2018-24

Visionet Publishes Whitepaper on effective usage of Mobile in Loan Originations

CRANBURY, NJ – July 24, 2018 – Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, has published a new White Paper entitled, “Why and How Lenders Can Use Mobile as a Competitive Advantage” The paper is aimed at mortgage originators working to grow their businesses in this difficult lending environment. With loan volumes falling and interest rates rising, lenders are competing for a smaller set of home loan borrowers.

Visionet Simplifies Bulk Processing for Wholesale Lenders through proven OCR approach

2018-12

Visionet Simplifies Bulk Processing for Wholesale Lenders through proven OCR approach

CRANBURY, NJ – July 11, 2018 – Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, has published a new White Paper entitled, “OCR for Bulk Processing in Mortgage: Realizing the Elusive ROI.” The paper is aimed at mortgage lenders and servicers that are still working to take their operations into the digital realm.

Visionet Hires Thomas Lin for Client Success Role

2018-10

Visionet Hires Thomas Lin for Client Success Role

Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, announced today that the company has hired Thomas Lin, a veteran with 25 years of experience in the mortgage industry. Lin will join in as Senior Vice President, Client Success.

Visionet announces integration of LoanVelocity with LendingQB’s Loan Origination System

2018-19

Visionet announces integration of LoanVelocity with LendingQB’s Loan Origination System

Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, announced today that its mobile based origination solution, LoanVelocity, is now integrated with LendingQB’s web-based Loan Origination System (LOS). This enables the lenders using the LendingQB LOS to actively engage borrowers on their mobile devices.

Where to Apply Machine Learning for Supply Chain Optimization

Artificial intelligence, specifically machine learning (ML), is quickly becoming essential for running smarter business operations. One of the greatest features of Dynamics 365 is its ability to incorporate ML capabilities within business applications, which provides predictive insights and helps businesses execute operations in more effective manner.
According to a recent study by Mckinsey Global Institute, advanced AI technologies have the potential to unlock a global economic impact of $10-15T across all industry segments.

Why Title Agents Need to Think of an Integrated Platform

Title agents play a key role in closing real estate transactions. They have to collaborate with mortgage lenders, buyers, sellers, underwriters, recording and tax jurisdictions and other third party entities as they review title, facilitate closings, file and record paperwork as well as assist in issuing title insurance policies. Title agents have to review the public records relating to specific properties and relay all information about the status and condition of title to those interested in that property.

Visionet to launch AtClose integration with Alexa at 2018 NS3

2018-27

Visionet to launch AtClose integration with Alexa at 2018 NS3

CRANBURY, NJ – May 28, 2018 –Visionet Systems, Inc., a global technology service provider to several industries including the US Mortgage, Title, and related industries, announced today that AtClose, its workflow-based title production platform, now has an integration with Alexa, Amazon’s AI-powered virtual assistant. Visionet will be promoting the technology at the upcoming National Settlement Services Summit in Detroit in June.

The Coming Reality of the Paperless Office

2018-20

The Coming Reality of the Paperless Office

The advent of the fully digital mortgage process is just around the corner

Pundits have been hailing the arrival of the paperless office since computers entered the workplace. Still, completely digital mortgage enterprises remain a rarity.
Even absent a fully digital mortgage world at this point, one thing is already as clear as a sunny day in the park to many industry observers. The speed, accuracy, reduced cost and convenience of digital processing have begun to revolutionize the entire mortgage cycle.