Rapidio's Next-Gen Features
Hey there! Dive into our latest features and see what we’re crafting next. It’s all about making lending smarter, faster, and more adaptable for you. Come explore our innovations and stay ahead of the curve.
Mortgage Document Classification and Extraction AI/ML model(s) (11/22/2023)
Introducing Rapidio’s AI/ML innovation, revolutionizing mortgage document processing. Our proprietary model promises unmatched precision and speed, setting new industry benchmarks:
- Extensive Coverage: Trained on 650+ documents, expanding continuously, our model is the gold standard in document recognition, even identifying the most complex and state-specific documents.
- Peak Efficiency: Dramatically reduce processing times while ensuring data accuracy. Focus on what matters — strategic decisions and faster closings.
- Scalability for Success: Perfect for any size operation, our model adapts to your document volume, upgrading your processing capabilities.
This feature is Deployed !
Rapidio & Encompass: Streamlined Mortgage Solutions (03/27/2024)
Rapidio partners with Encompass by ICE Mortgage Technology, enhancing our offerings with seamless integration. This collaboration empowers lenders with:
- Efficient Processing: Simplify loan workflows with direct integration.
- Precision in Underwriting: Access our top-tier income calculation tools within Encompass.
- Seamless Operation: Utilize Rapidio’s features effortlessly in the Encompass ecosystem.
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Exciting Updates to Your Final Report Experience (05/23/2024)
Excited to unveil updates to our final report system, crafted for an enhanced, value-packed experience. Look forward to:
- Revolutionized Layout: Quickly access the info you need with our intuitive, streamlined design.
- Enhanced Usability: Enjoy a smoother interaction with our sleek, speed-optimized front end.
- Custom Branding: Personalize reports by adding your logo, making every document uniquely yours.
- Smart Conditions: Make informed decisions with tailored insights from our intelligent system.
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New Updates: Loan Conditions for Fannie Mae and Freddie Mac (06/18/2024)
Big news! We’ve enhanced our platform’s loan conditions for Fannie Mae and Freddie Mac, aligning with the latest standards for smoother processing. Here’s what’s new:
- Latest Loan Conditions: Stay compliant with the most recent guidelines, ensuring your transactions are seamless and up-to-date.
- Improved Navigation: Navigate with ease thanks to our intuitive, user-friendly front-end design, boosting your platform experience.
- Prioritized Conditions: Our new categorization system organizes loan conditions into Extremely Important, Important, and Regular, helping you focus where it matters most.
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New Non-QM Guidelines Launched! (07/15/2024)
We are excited to announce the launch of our new Non-QM Guidelines, including 1 Year Full Doc and 2 Years Full Doc. Enhance your mortgage processing with these comprehensive solutions.
- Accurate Income Calculations: Tailored to 1 Year and 2 Years Full Doc requirements.
- Streamlined Document Uploads: Two new buttons for easy document submission.
- Expert Integration: Developed by Senior Underwriters and professional developers.
- Speed and Efficiency: Faster loan processing with precise and reliable results.
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New FHA Guidelines Launched! (10/11/2024)
Let us streamline your FHA income verification and eligibility assessments, putting crucial information right at your fingertips so underwriters can make precise, informed decisions.
- Comprehensive Analysis: We validate and assess FHA guideline eligibility, presenting clear and accurate income details.
- FHA-Specific Expertise: Tailored specifically for FHA loans, our service enhances underwriting with detailed, nuanced insights.
- Precision Risk Assessment: Our accurate evaluations help you make well-informed decisions, with income assessments that are critical to risk analysis.
This feature is Deployed !
12 & 24 Month Bank Statement Income Calculations Are Here! (11/15/2024)
We’ve launched our Bank Statement Income Calculator to simplify non-traditional income verification.
- Tailored Calculations: Process 12 or 24 months of bank statements effortlessly.
- Easy Uploads: Upload and process statements seamlessly.
- Accurate Results: Built for precision and reliability.
- Faster Decisions: Save time with quick, efficient processing.
This feature is Deployed !
USDA Loan Income Calculation: Streamlined & Accurate
We are excited to bring you our newly developed USDA Guidelines for seamless mortgage processing.
- Precise Income Calculations: Tailored to USDA lending criteria, ensuring accurate results.
- Simple Document Uploads: New features enable quick and easy USDA document submissions.
- Underwriter Expertise: Created in collaboration with senior underwriters and skilled developers.
- Faster Loan Processing: Achieve quicker turnaround times and reliable outcomes with our USDA solutions.
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