Paradatec’s award-winning AI-Cloud platform transforms the lending lifecycle by automating mortgage data processing with unmatched accuracy. It classifies over 975 document types, extracts more than 9,500 data points, and cross-checks extracted data against other data sources. 

Clients can modify and add business rules in Paradatec’s Analytics engine, which triggers data evaluation rules based on workflow-specific conditions, for automated system decisioning and supporting data-driven strategies. Paradatec is integrated with multiple LOS, document management systems, servicing platforms, and data warehouses. 

 The platform supports high-volume enterprise use with multiqueue architecture that supports workflow-specific configurations, business SLA management tools, and distributing results to multiple systems such as systems of record and data warehouses. 

Paradatec’s AI-Cloud platform employs deterministic AI technology powered by pre-trained libraries and advanced AI models curated for real estate finance. Paradatec’s technology provides unique, auditable metadata for each decision—delivering results that are fully explainable, completely transparent, and auditable. 

Paradatec’s commitment to customer satisfaction is embodied in its robust system reporting, which clients use to track their quantifiable ROI. One large regional bank reduced its average underwriting review time by 75% after implementing Paradatec, accelerating loan approvals while decreasing operational costs and compliance risks. 

As a privately owned company, Paradatec has remained at the forefront of mortgage technology innovation through its ability to focus exclusively on customer needs to shape product development. The average Paradatec client has used Paradatec for over four years, and many have been clients for over 13 years—a testament to the company’s reliability and ongoing innovation. Paradatec is a member of the Mortgage Bankers Association, MISMO, the California Mortgage Bankers Association, and the American Land Title Association.