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Defining Artificial Intelligence in the Mortgage Industry

Nearly every day, there seems to be a new bank adopting artificial intelligence. Yet, if you were to ask 20 different banking professionals on what AI is, you’d get just as many opinions.  The industry’s lack of consensus around a definition stems from the fact that AI is constantly evolving. In fact, artificial intelligence goes back as early as 1956 at the Dartmouth conference.

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HousingWire Touts SoftWorks AI as Disruptive Mortgage Technology

If you haven’t had a chance to visit HousingWire recently, you might want to take a look.  The mortgage industry’s top publication wrote a feature on our ability to deliver true touchless automation through automated mortgage loan processing to improve profitability. It also shares some history on the company and where we’re headed next. 

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How to Create Accounts Payable Benchmarks

When looking for areas of improvement for accounts payable department, it’s important to consider benchmarks comparing industry averages against world-class departments. 

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Machine Learning Expert Alex Fedkovits Joins SoftWorks AI

Imagine your classic space-shooter game, but in virtual reality. For Alex Fedkovits, creating an immersive version of Galaga is just one of the ways our new Senior Applied Machine Learning Engineer spends his time when he’s not developing our software.

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SoftWorks AI Releases Automated Income Analysis and Verification Module

Mortgage underwriting is a challenging and time-consuming task. Underwriters are responsible for approving or denying loan applications by carefully reviewing financial documents for completeness and accuracy. 

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The Evolution of RPA

Robotic process automation technology may seem new, but its origins go back to the early 90’s where businesses tried to integrate with older platforms and mainframes without robust APIs (application program interface). Prior to RPA, businesses built and implemented screen scraping, in addition to other workflow automation tools. RPA combines both concepts and significantly improves on each technology.

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