MetaSource, a provider of BPO/BPM services integrated with content management, workflow solutions, and AliusDoc, a provider of leading edge data capture software for the financial market segment, jointly announces its AD-LegalDescription™ application module.
MetaSource, a technology-led BPO service provider, needed to identify the existence of proper Legal Descriptions within mortgage documents for its clients. AD-LegalDescription automated the search and analysis of the documents to verify the proper information quickly and cost effectively.
“AD-LegalDescription enabled MetaSource to build a complete audit process around verifying the existence of Legal Descriptions within mortgage documents with a fraction of mortgage compliance specialists, providing significant time and cost savings to our client,” said Grant Glasscock, MetaSource’s Vice President, Implementations & Strategic Initiatives.
The solution involved the ability for a mortgage servicer to provide MetaSource with a list of loans that required Legal Descriptions. The loans, stored on MetaSource’s MetaStor cloud-based enterprise content management and workflow solution, are then submitted to the AD-LegalDescription application.
Mr. Glasscock added, “We were impressed how accurately the product is able to find legal descriptions buried many pages into the documents, which even the mortgage specialists at first missed.”
The entire process is managed by the MetaStor workflow system which tracks each loan submitted to the AD-LegalDescription system, sends the results back to the client or a 3rd party audit company, and even provides a report detailing which loans where a Legal Description was successfully found and which loans were deemed as having no Legal Description.
We were impressed how accurately the product is able to find legal descriptions buried many pages into the documents, which even the mortgage specialists at first missed.
MetaSource’s strong client focus and understanding of its client’s needs and business processes provided a clear path to developing and delivering an optimal solution for the Mortgage industry,” said Richard Caproni, AliusDoc’s Director, Strategy and Business Development.
Fatali Karimi, CEO of AliusDoc, noted that “automating such complex and time-consuming manual tasks, drives down costs and accelerates the capture process for our customers, and their customers. Using AD-SCI, AliusDoc’s core technology platform, we deliver solutions that automate the analysis of complex, multi-page and unstructured documents. This allowed us to quickly deliver this solution to MetaSource and its customers.”
About AliusDoc LLC
AliusDoc provides document imaging solutions, data capture and I/OCR technologies. AliusDoc possesses extensive knowledge of forms processing applications within the horizontal marketplace as well as specific vertical application expertise within the financial, healthcare, and government sectors. More information and detail product brochures can be found at http://www.aliusdoc.com.
Headquartered in Bristol, Pennsylvania, MetaSource supports more than 4,000 installations of the EMC ApplicationXtender Content Management Product Suite through a network of over 130 Channel Partners and a provider of BPO/BPM services integrated with content management, workflow solutions and customer experience processes through a network of SOC / AT101 (formerly SAS 70) and PCI Level 1, Version 3 compliant facilities located in the US, India and China. MetaSource employs over 800 people worldwide.
Official Press Release
MetaSource and AliusDoc Announces AD-Legal Description Solution for Mortgage Industry