Real Estate and Mortgage Title Industry Sectors
At Axis, we support a variety of real estate, title and mortgage industry solutions for title plants, title agents, title insurance, real estate brokers, mortgage lenders and oil and gas land management.
These solutions address a variety of implementations for account openings, loan processing, payment solutions and range of administrative tasks such as a loan, title and escrow processing.
Within these branches of title, mortgage and legal industries we have improved processes that involve procedures like mortgage processing, land services, and settlement services.
Axis has tackled many of the challenges pertinent to the document-intensive processes inherent real estate IT. In today’s very competitive real estate and mortgage lending markets, you would be challenged to find an industry burden with more documentation and regulation.
As a sampling, in many cases, they have to deal with the following document types: public records, leans, maps, tax forms, utilities records, trust deeds, closing statements, insurance forms, settlement statement, HUD forms, property reports, deeds and legal & vesting reports.
60% of Information Resides on Paper
Unfortunately, one of the main challenges is that up to 60% of the information regarding this industry that is needed for processing can reside in unstructured documents: documents that lack form structure, like correspondence, deeds and title records. It is time-consuming, error-prone and expensive discovering and extracting this information using manual, labor-intensive data entry.
Volume of Information
In all too many cases people are typing in the same index fields into the countless number of screens; first and last name, social security number, loan number, address, and so forth.
It can all be time-consuming, inefficient and in some cases next to impossible to connect and associate information from disparate and disconnected repositories. Legacy systems, paper documents in filing cabinets and content residing in other structured content management systems and financial systems may need to be associated together.
Security and Privacy
Mortgage companies collect and maintain personal, private and extremely confidential financial data from clients who are either applying for a loan or investing in a particular financial vehicle. Axis specializes in this industry and puts security as a top priority.
Customer and Employee Satisfaction
In addition to an aggressive and tangible ROI, our clients have realized a range of positive outcomes such as increased customer and employee satisfaction from quicker and more accurate access to client information, faster application and loan processing.
Higher Quality – Less Errors
Moreover, let’s not overlook the back office operations that have always benefited from more robust ECM solutions. Areas such as accounting see improvements of accelerated cash flow, fewer errors from human data entry, all with higher quality while yet still reducing the cost of operations.
Axis AI Advanced Data Extraction and Document Classification software can
address all your indexing and document processing challenges.
Software and Services Solutions
Beyond these particular situations, Axis services and software solutions address the full spectrum of proven methods to address the countless challenges faced by the real estate market. With over 12 years of experience, Axis has offered its customers a range of solutions to address their individual and unique environments. Areas tackled included software system integration, document imaging and ECM implementations, advanced data extraction, workflow/bpm process improvement, electronic signature and data mining to name a few.
I have been waiting twenty-five years for this technology to arrive! This is really going to drive down our operational costs by allowing us to use fewer people at the data entry level and ultimately at the verification level too. In addition to the benefits going forward, the system also has the ability to take stale data and have it converted into the new system. We had a plant that we capped a few years ago but continued to buy the electronic images from the County….
“We now offer an innovative and high-tech solution to our clients. The system is faster and more efficient than our previous solution. It results in faster responses from the customers and quicker responses to their inquiries. The result: our portal moves the process along faster, and everyone wins. We are delighted with the quality of the work Axis had delivered; their implementation has indeed performed on the vision we had for our solution.”
Working with your company, we have been able to maintain an extremely high level of talent within the group. The resources you have provided us with have given us some key technical skills in specific areas and have made it quite affordable to provide quality support to our business. The Axis resources have blended well into our existing teams and have allowed us to augment our staffing with a variable cost structure.
Our team spent several years looking for the right technology solution that would provide our customers with the most robust, accurate, easily searchable data. Axis proved that they could do what they said they would do. They are knowledgeable, competent and understand our needs as a customer.
It doesn’t have to take a big army to get something done. By engaging Axis’ technical resources, we were able to fast-track our project. With Axis, we have IT staff on demand.