SoftWorks AI Trapeze for Mortgage Automation Converts Documents to Data Accurately and Quickly



For an automation solution to deliver what it promises, it must be built with domain expertise – not just in AI but also in the processes it automates. SoftWorks AI’s Trapeze for Mortgage Automation is the meeting point of mortgage expertise and artificial intelligence. Trapeze is a solution specifically designed to streamline various aspects of the mortgage life cycle, from inception to post-closing review, converting documents into data with extreme precision and speed. The solution leverages advanced computer vision and machine learning to achieve the highest accuracy rates in the industry.

Trapeze uses advanced technologies to automate the identification, classification, prioritization and assembly of loan packages and their data. It extracts and validates critical data from input documents with exceptional accuracy, helping teams approve or deny loan applications faster and with less effort. Regardless of the file type, structure or location of data fields, the solution can reliably extract the critical information needed to make lending decisions both with exceptional speed and precision. Trapeze also ensures that the extracted data tells a cohesive loan story by validating information across the entire loan file.

Unlike standard or generic solutions, Trapeze is specially designed for mortgage loans. With over 680 separate documents and 6,300 data fields available “out of the box”, businesses can take advantage of Trapeze’s highly precise automation capabilities in minutes. And this integrated library is constantly expanding. While many solutions are static, SoftWorks is constantly innovating and improving Trapeze based on industry and customer news and feedback. Subscribed customers receive ongoing updates, such as additional forms and data fields, improved accuracy, and new features to help further automate their business.

Generating reliable data that customers can trust allows users to move valuable resources from “watch and compare” activities to more productive ones. Workers can process more loans more accurately and in less time. By dramatically reducing the need for humans to “recheck” data, customers can process more information without increasing labor costs and time. Additionally, customers are seeing improvements in the customer experience as the solution provides borrowers with real-time feedback and confirmation when submitting documents.

These customers enjoy over 90% straight-through processing with over 99.5% transmission accuracy and see a 90% reduction in document processing time. With SoftWorks cloud-based secure processing, customers can dynamically increase or decrease lending capacity to meet market demand. This has given them a real competitive advantage, as they can easily handle dynamic loan volumes and dramatically reduce cycle times, while maintaining the extremely high accuracy rates that are so crucial in the mortgage industry. The speed, accuracy, and high levels of automation provided by Trapeze translate into increased revenue and a clear ROI for their clients, including some of the nation’s largest lenders.

The company is launching enhanced subscription capabilities such as income verification and asset verification, cash flow analysis, document version management (final / latest version decision), extended document and field coverage, cross validation for data consistency, and better integrations with popular LOS platforms.

SoftWorks AI’s goal of moving towards 100% straightforward processing results in a solution that is constantly improving and moving closer and closer to true contactless automation.

Product overview: Trapeze for Mortgage Automation leverages deep AI expertise to optimize processes throughout the mortgage lifecycle by converting documents into data with extreme precision and speed.


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