Medallion QC AuditTM Tool Improves Compliance, Data Quality, and Accuracy
Pittsburgh, PA – April 18, 2012 – Medallion Analytics, a leading mortgage technology company that provides compliance and control across the entire loan origination process, announced that its Medallion QC AuditTM solution is now integrated with Xerox Mortgage Services’ BlitzDocs® intelligent collaborative network.
BlitzDocs simplifies and accelerates the loan process by connecting participants so they can electronically collaborate. By adding Medallion’s QC AuditTM tool, BlitzDocs users will benefit from an automated quality control check, including a complete audit report within minutes – eliminating the need for manual review of each element and cutting loan processing time even further.
“The combined capabilities of Medallion’s and Xerox Mortgage Services’ technologies demonstrate the power of next generation paperless mortgage processing, driving down cost and processing time, while dramatically enhancing quality and compliance,” said Joel Davidson, CEO of Medallion Analytics. “With Medallion’s unique ability to extract and analyze content from mortgage documents and convert it into usable data, not just images, Medallion gives loan originators a breakthrough solution to automate the entire pre- and post-close loan origination audit process.”
Using Medallion’s revolutionary technology, lenders can spot data integrity and compliance issues in real time, eliminating costly errors of manual review, while embracing evolving regulatory requirements — enabling loans to be processed dramatically faster for borrowers.
“In today’s stringent environment, lenders need faster, easier ways to maintain accuracy and transparency of the data,” said Nancy Alley, vice president and general manager, Xerox Mortgage Services. “With the addition of Medallion QC AuditTM, Xerox Mortgage Services continues to improve the paperless mortgage process and provide additional compliance safeguards to our BlitzDocs users.”
For more information about Medallion QC AuditTM, visit http://medallionanalytics.com/auditTool.
About Medallion Analytics
Medallion Analytics offers web-based technology solutions for the mortgage industry providing control over compliance and cost across the entire mortgage origination and closing process. Powered by unique data extraction tools and a proprietary analytics-driven decision rules engine, Medallion Analytics solutions deliver real-time analysis and evaluation of all documents, customized to meet the unique quality and compliance requirements of each customer’s mortgage process. Visit: http://medallionanalytics.com.
Jennifer Faines for Medallion Analytics