Ephesoft Announces Large Sale to Leading Mortgage Insurer

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Insurer fosters homeownership by providing investor insurance against losses from defaults.

'Once again, Ephesoft's proven technology has been shown to help firms in the mortgage industry stay competitive,' said Don Field, Ephesoft's CEO.

Ephesoft Inc., the leader in providing advanced cloud-ready capture solutions, announced today that it has closed a significant sale to one of America’s leading mortgage insurers. The system will be used to classify a wide variety of mortgage loan documents while extracting key metadata in order to evaluate their credit worthiness. The firm helps clients and investors evaluate and manage risk and requires this vital information quickly and accurately in order to be successful. The Ephesoft Enterprise Solution was selected after a thorough test period in which many competitive systems were evaluated side-by-side. This replaces a manual system and provides a scalable growth model to accommodate their fast growth. Ephesoft was selected for its modern web-based architecture, web services APIs, strong experience in the mortgage loan processing market, and its overall return on investment. The value of the software is over one million dollars.

Don Field, Ephesoft's CEO, remarked “Financial services and mortgage loan processing in particular continue to be strong markets for us. This industry has experienced dramatic growth the past few years but competitive pressures remain very high. To stay ahead and widen their lead, it’s essential they have the latest in advanced software to properly serve their customers and meet their stringent SLAs. Ephesoft’s approach is radically different than competitors in both our technology stack and our business model and this allows our customers to get the latest technology with the best value in the market. This is demonstrated by over 20 mortgage processors using our enterprise platform.”

ABOUT EPHESOFT Ephesoft, Inc. is headquartered in Laguna Hills, California with an office in Reading, England. Ephesoft’s document capture solutions use open standards and are cloud-ready, offering extreme flexibility and accessibility for a wide range of customers. The company has been experiencing rapid growth in both the US and EMEA markets. Contact Ephesoft at (949) 335-5335.

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John Black
Ephesoft
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