Capsilon Launches Capsilon IQ, Moves From Docs To Data

Capsilon has launched Capsilon IQ platform and Capsilon Data Audit app, and the rebrand of DocVelocity. More than 160 mortgage companies rely on DocVelocity for mission-critical business operations, and 15% of U.S. mortgages touch the system each year. Mortgage companies are under increasing pressure to deliver faster, easier mortgages at a time when margins are at their lowest point in years. Companies who want to compete need to evolve their businesses and transform how they work. To meet this need, the company is expanding the Capsilon platform to harness new technologies that drive this evolution.

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Introducing Capsilon IQ

Capsilon IQ is the platform at the heart of the next-generation mortgage operating model. Formerly known as DocVelocity, Capsilon IQ evolved from enterprise-wide document management to an end-to-end mortgage automation engine. It combines Intelligent Process Automation with patented data recognition and extraction technology to create efficiencies at every stage of the mortgage lifecycle. Capsilon IQ enables users to create intelligent work experiences that make people more productive and existing systems more powerful.

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Capsilon IQ: Document Edition includes the core document management functionality that solves key workforce productivity challenges of managing and manipulating documents. It speeds up loan intake and reduces the manual work associated with handling inbound documents.

Capsilon IQ: Docs & Data Edition includes all of the features of Document Edition, plus a new set of tools to help mortgage companies do more with their loan data. It includes Capsilon Mortgage Data Management, a data repository that companies can use to power their mortgage business. The platform absorbs millions of data points from documents and digital sources, standardizes them into a consolidated record for each loan file. With Mortgage Data Management, companies can ensure data integrity across all business applications.

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Companies can also extend Capsilon IQ with productivity boosting apps that speed up teams and their tasks, solving the biggest pain points that weigh mortgage companies down.

NEW Data Audit App

A major pain point for many of customers is the dreaded ‘stare and compare’ process that frustrates staff and takes up valuable time. Capsilon’s new Data Audit app frees up staff time spent searching for docs and data. It provides a single place to see and compare data across sources, including the LOS and supporting documents. Capsilon Data Audit flags data mismatches for review so staff can instantly spot where supporting documents and data don’t match.

Capsilon Data Audit boosts data integrity and drives productivity gains across functions.

Tony Garritano

Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.