You're Wasting Time

Just last month Loan Vision and Continia signed a Strategic Partnership to embed Continia’s Document Capture and Expense Management solutions into Loan Vision’s world class offering. Why is this so significant? Because time is so precious.

Even if you’re relatively new to the mortgage industry you know how much of your work is time-sensitive and often highly repetitive. You also know the opportunity for errors, missing key pieces of information, or the risk of a sudden backup in processing when someone is out can make the whole process feel like you’re walking a tight rope held together with duct tape. And we’ve yet to find a team that enjoys chasing down people for information, deciphering and correcting mistakes, or hand-keying information from one window to another. You can provide so much more value for your team and focus on more interesting activities for yourself! And Loan Vision can help.

What is Document Capture and how can it help you? Simply put it’s automating the mind-numbingly repetitive task of capturing information from a document. Through advanced technologies of Optical Character Recognition (OCR), Artificial Intelligence (AI), and cloud-based services, you can let the system absorb and automatically encode your invoices (or any inbound document) in split seconds based on the specific rules you specify. In fact, in a recent benchmarking test, Document Capture processed 28,000 invoices in a single day.

Letting Document Capture handle your invoices automatically can be a little concerning if not daunting. That’s why we designed the app to do as much or as little automation as you’d like. Want to capture all the data from an invoice into Loan Vision and stop? No problem. Would you like every invoice to be captured, coded, validated against roughly 50 criteria, and created automatically? Can do. And anything in between. You can dial in exactly what happens and how, even down to the vendor level. Best of all, Document Capture is built inside your Loan Vision solution, so your data is in the same location, no integrations are needed, and any updates you make are instantly available. Would you like to automate more than just invoices? We have you covered there as well – you can automate any inbound documents, such as appraisals, inspection reports, W-9s, you name it.

While we’re helping you save an average of 11.3 days of work each month, we can eliminate the wasted time and effort associated with your employee expenses as well. With Continia’s Expense Management solution, expense entry for your teammates are reduced to a few clicks – they simply take a picture of the expense receipt, fill in any missing information not automatically completed by the OCR engine and AI, and get on with their day. No more chasing down your teammates at the end of the month or wondering who has approved which expenses. Mileage reimbursements are also simplified with automatic calculations via an integration with Google Maps. Corporate credit card expenses are even more streamlined with an automatic feed into your Loan Vision system, and month-end statement reconciliation takes just a few clicks inside the system – no more copying and pasting with Excel or line by line comparisons.

Exciting? Concerning? Yes! You have a time-honed process in place and implementing Document Capture and/or Expense Management will require changes for your team and your processes. There is opportunity in change – and the opportunity for you to start managing by exception, focus on the interesting tasks you like, and simplify your processes will be realized on day 1. The question really is, what will you do with all your newfound time?

To learn more about the opportunity to add Document Capture and Expense Management inside your Loan Vision solution, or to schedule a demo, please reach out to your Loan Vision representative.