SOFTWORKS AI Advances Partnership with CLARIFIRE to Deliver Innovation
FOREST HILLS, NY.—(BUSINESS WIRE) — SoftWorks AI, a leader in artificial intelligence and machine learning solutions and Clarifire, a leader in workflow automation, are showcasing a new powerful solution for financial services organizations at the 2018 MBA Annual Conference in Washington D.C. from Oct. 14-17.
Following their partnership agreement in March, the two organizations will demonstrate how loan servicers can utilize an automated end-to-end solution that takes the manual labor out of document reviews.
"We focused our first integration on challenges for the mortgage servicing industry’s loss mitigation services, a large and expensive portion of the servicing business, providing the biggest lift in processing speed, cost reduction and error reductions," said Jane Mason, CEO Clarifire.
The CLARIFIRE® workflow application controls the consistency of the actions, images and interactions, through automated business rules aligned with all investor workout types, including disasters. Smart workflow combined with SoftWorks AI’s Trapeze for Mortgage Automation platform, documents are instantly recognized with accuracy to ensure quality, validity and type. Instead of focusing on lengthy reviews, servicers can achieve customer package validation and decisioning workouts in just seconds. Portfolio reviews can be done in very short time frames. Servicers only need to focus on the exceptions, which are managed within the workflow.
“We recognize that combining our solutions brings a unique, first of its kind solution to this industry,” said Ari Gross, CEO of SoftWorks AI. “Now we have some robust, go-to-market capabilities that we are ready to share with servicers.”
The needs for the mortgage servicing industry continue to change and the two companies plan to announce new offerings to keep up with current trends.
About SoftWorks AI
SoftWorks AI is dedicated to helping businesses enhance operational efficiency by providing state-of-the-art computer vision and automation solutions. We strive to leverage our deep expertise in computer perception, OCR and AI technologies to convert raw information into actionable insight, equipping knowledge workers with the means to drive business value faster and more intelligently. Visit us at www.softworksai.com
Clarifire is a privately held, women-owned corporation that offers the CLARIFIRE® workflow automation application. Clarifire is a group of workflow experts that created the product CLARIFIRE, a suite of features providing organizations the capability to achieve strategic transformation that is quick and easy to implement. The company has over a decade of experience in both process proficiency and software delivery. As a Microsoft Gold Certified Partner and WBENC certified corporation, Clarifire guides organizations through the chaos and into organizational efficiencies. Visit us at www.eclarifire.com.