Vaultedge Mortgage Automation

Vaultedge Mortgage Automation is a solution designed to streamline document processing and automate underwrite decisioning for mortgage lenders, banks, and insurance companies. It also offers automation solutions for small business lending processes. According to the vendor, this software is suitable for companies of all sizes, from small businesses to large enterprises. It caters to professionals such as mortgage lenders, insurance companies, banks, underwriters, loan processors, compliance officers in the mortgage industry, title companies, and small business lenders.

Key Features

Loan Processing Automation: According to the vendor, Vaultedge Mortgage Automation automates the loan processing workflow, reducing the need for manual data entry. It handles various loan documents and automates document classification, data extraction, and data validation, which the vendor claims can result in reduced operational costs and accelerated loan turnaround times.

Loan Boarding Automation: The vendor states that Vaultedge Mortgage Automation streamlines the loan boarding process, ensuring accuracy and error-free operations. It automates the indexing and splitting of loan packages, extracts data from loan documents, and integrates with loan origination systems like Encompass and BlackKnight MSP.

Income Calculation & Verification: Vaultedge Mortgage Automation is said to automate income calculation and verification using AI algorithms. According to the vendor, it extracts income-related data points from pay stubs, tax returns, and bank statements, cross-verifies the extracted data, and helps underwriters make data-backed decisions while improving the accuracy of loan estimates.

Title Search Automation: The vendor claims that Vaultedge Mortgage Automation automates title search processes, reducing time and effort. It processes and analyzes title-related documents, extracts relevant data, and provides insights for informed decision-making by underwriters, thereby improving overall operational efficiency.

TRID Compliance: According to the vendor, Vaultedge Mortgage Automation ensures compliance with the TILA-RESPA Integrated Disclosure (TRID) rule. It automates the identification and extraction of TRID-related data points from loan documents, helping lenders generate accurate Loan Estimates and Closing Disclosures in accordance with TRID requirements. The vendor states that this reduces the risk of violations and improves regulatory compliance.