End-to-end mailroom automation with intelligent document processing
Mailroom automation is a hot topic for companies dealing with incoming mail streams, especially during this time when worker safety, risk mitigation, and business continuity are paramount.
Before companies can extract valuable data from documents to securely share with an increasingly remote workforce, they have to open the envelopes, prep the documents, and then scan them into the system. From insurance companies to financial institutions, enterprises are searching for ways to automate their mailrooms and put their data to work quickly, securely, effectively, and safely. Now they can.
Infrrd™ and OPEX® provide an end-to-end solution
That’s why San Jose-based Infrrd, which automates data extraction from complex, unstructured documents, has teamed up with high-speed mailroom automation company OPEX Corporation to revolutionize the process. Together, these two industry leaders are offering an end-to-end solution that will provide companies a hands-off approach to their document digitization.
Creating business value with automation
Coupling Infrrd’s applied AI and the OPEX® Falcon+® mailroom automation hardware, the companies are providing a complete mailroom automation solution that can address efficiency concerns and enable digital transformation. The partnership offers the highest levels of automation to tackle mailroom speed and efficiency challenges.
From an envelope to an image in one touch
The OPEX® Falcon+® RED™ scanner automatically opens envelopes and presents the contents to an operator for one-touch document scanning. After OPEX converts the physical paper into digital images and data, Infrrd’s proprietary technology takes over, handling document classification, extraction, and business decision making.
From an image to insights
“It’s an industry first,” says Nikunj Sanghvi, Infrrd’s VP Intelligent Automation. “Internal mailrooms can be a challenge,” continues Sanghvi. “However, OPEX will work seamlessly with Infrrd to make one end-to-end solution that enterprises can benefit from.”
Together, improving our clients’ lives
“Infrrd’s advanced recognition technology and machine learning capabilities really set it apart,” says Tim Osman, Business Alliance Manager at OPEX. “We are happy to be working with such a forward-thinking organization.”
According to Osman, Infrrd and OPEX share a similar philosophy for their customers, and that is to streamline their workflows. “When we look for partners,” says Osman, “we’re looking for firms that understand the importance of eliminating non-value-added steps and increasing the speed to process, ensuring their customers meet their SLAs and have a compliant, reliable way to capture data – and then be able to put that critical business data to work.”
End-to-end mailroom automation solution
FAQs
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A pre-fund QC checklist is a set of guidelines and criteria used to review and verify the accuracy, compliance, and completeness of a mortgage loan before funds are disbursed. It ensures that the loan meets regulatory requirements and internal standards, reducing the risk of errors and fraud.
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Choose software that offers advanced automation technology for efficient audits, strong compliance features, customizable audit trails, and real-time reporting. Ensure it integrates well with your existing systems and offers scalability, reliable customer support, and positive user reviews.
Audit Quality Control (QC) is crucial for mortgage companies to ensure regulatory compliance, reduce risks, and maintain investor confidence. It helps identify and correct errors, fraud, or discrepancies, preventing legal issues and defaults. QC also boosts operational efficiency by uncovering inefficiencies and enhancing overall loan quality.
Mortgage review/audit QC software is a collective term for tools designed to automate and streamline the process of evaluating loans. It helps financial institutions assess the quality, compliance, and risk of loans by analyzing loan data, documents, and borrower information. This software ensures that loans meet regulatory standards, reduces the risk of errors, and speeds up the review process, making it more efficient and accurate.
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