Large Servicer Saves 10,000 hours of Data Entry
- Financial Services
A default loan servicer intended to build a platform and data warehouse “to modernize the way they do business” through automation. Key success factors included accuracy and timeliness of the data behind the systems.
Vertical: Servicers & Subservicer
Stakeholder: Compliance & Risk, Bankruptcy
Solution: Premium Data
Risk Area: Servicers & Subservicer
AACER's Premium Data solution automatically identified and lifted the required data fields from 44 different bankruptcy court filed documents. Specific field level data points were identified and electronically delivered to the client enabling the data to be stored in the data warehouse.
Our solution saved the servicer 10,000 hours in manually entering the data into a database for storage for 100,000 documents.
Additionally, the servicer has been able to reuse the electronically stored data for an automated workflow reconciliation.
- Provide AACER with a list of cases and the data fields to be lifted from court filed documents.
- AACER locates, provisions and extracts the desired data fields from the documents.
- AACER delivers Premium Data results to customer.
- Customer leverages data for audits, remediations, QA or other requirements.