Eliminate Manual Data Entry in Your Mortgage Pipeline
Stop chasing 1003 applications and bank statements. Our AI extracts data directly into your LOS, cutting processing time by 80% and securing rate locks faster.
Mortgage professionals are currently squeezed between shrinking margins and the 'speed-to-lead' race. When a borrower submits a stack of W-2s, 1099s, and bank statements, your processing team often spends 4-6 hours manually indexing and verifying data before it even hits the underwriting stage. This delay isn't just inefficient; it's a revenue killer—leads contacted within 5 minutes are 9x more likely to convert.
With average commissions ranging from $5,000 to $15,000 per loan, a single lost file due to a missed rate lock or slow response can cost your firm tens of thousands. Furthermore, strict compliance requirements like RESPA, TILA, and HMDA demand perfect documentation, making manual entry a significant liability. Read Laboratories bridges the gap between your CRM and LOS, ensuring that every piece of borrower data is captured accurately and instantly.
Problems We Solve
Lead Response Lag
Automate the initial 1003 data capture to ensure leads are contacted in under 5 minutes, significantly increasing conversion rates and pipeline velocity.
Manual LOS Data Entry
Stop re-typing data from borrower PDFs into Encompass or Byte; our AI maps fields directly to your system of record with 99% accuracy.
Document Collection Friction
Our AI identifies missing documents automatically and sends real-time SMS reminders via BNTouch or Surefire, reducing the time spent on 'document chasing'.
Compliance and Audit Risk
Eliminate human error in HMDA reporting and TILA/RESPA disclosures by using verified AI extraction for all financial figures and loan terms.
What You Get
Intelligent OCR Extraction
Reads W-2s, pay stubs, and bank statements, mapping data directly to your LOS fields for instant processing.
LOS & CRM Sync
Seamlessly integrates with LoanPASS, Surefire, and Encompass to keep your pipeline moving without manual updates.
Automated Milestone Alerts
Triggers status updates to borrowers and real estate agents automatically when documents are verified.
Compliance Audit Trail
Generates a full digital trail for every document processed, simplifying state licensing and federal audits.
Rate Lock Notifications
Monitors incoming borrower data and triggers alerts when profiles qualify for specific rate lock windows.
What It Costs
Setup
$3,000 - $6,000
Monthly
$400 - $800
ROI Example
By automating the intake of 5 loans per month, a broker saves 20 hours of manual processing. At a $5,000 commission per loan, converting just one extra lead due to faster response times results in a 10x monthly ROI.
Frequently Asked Questions
Does this work with Encompass and Byte?
Yes, our AI integrates with major LOS platforms including Encompass, Byte, and LoanPASS via secure API or RPA protocols.
How do you handle RESPA and TILA compliance?
Our systems are built with SOC2-compliant infrastructure and provide detailed logs for every data field extracted, ensuring your compliance team has a full audit trail.
Can it read handwritten bank statements or low-quality photos?
Yes, our advanced vision models are specifically trained on real-world mortgage documents, including mobile photos of pay stubs and handwritten notes on applications.
What is the turnaround time for a new document?
Most documents are processed, indexed, and pushed to your CRM or LOS in under 60 seconds, allowing for near-instant qualification.
Do we need to change our current CRM?
No. We work with your existing stack, including Surefire, BNTouch, or any modern CRM used by your office to ensure zero workflow disruption.
How long does implementation take?
A standard setup for a mortgage brokerage typically takes 2 to 4 weeks from initial discovery to live automation.
Accelerate Your Mortgage Pipeline Today
Book a free consultation to see how AI can save your team 20+ hours a week on document processing.
Serving Mortgage Brokers businesses nationwide. Based in Westlake Village, CA.