Paradatec is a leader in automated mortgage document analysis, leveraging advanced AI technology to streamline processes and improve data accuracy for lenders, servicers and investors. Trusted by three of the top 10 U.S. banks and five of the largest mortgage servicers, Paradatec’s AI-Cloud platform offers comprehensive solutions for document identification, data extraction and comparison. The platform’s deterministic AI technology delivers explainable, auditable results, enabling clients to automate document analysis tasks, reduce manual review time and enhance data governance across their operations.
In 2024, Paradatec introduced an Analytics module within the AI-Cloud platform, enabling clients to compare data across systems and source documents with precision. The module’s flexible rules engine allows organizations to manage decisioning processes while reducing errors and identifying opportunities for efficiency. This innovation reflects Paradatec’s commitment to customer-driven development, ensuring its solutions address real-world challenges in the lending lifecycle.
Despite challenging market conditions, Paradatec experienced a 33% increase in new clients in 2024, including a top 10 servicer. Its ability to attract clients dissatisfied with competitor solutions and retain them for over a decade underscores the effectiveness of its technology. With a focus on measurable return on investment (ROI), industry collaboration and continuous innovation, Paradatec remains at the forefront of intelligent document processing in the mortgage sector.
Company Website:
Markets Served:
Loan Origination, Servicing, Secondary and Closing
Company HQ:
Wilmington, DE
