Miniter Group Launches Optical Character Recognition Technology for Borrower-Centric Insurance Tracking Software

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Miniter Group's new optical character recognition (OCR) technology will significantly improve transactional efficiencies within the Insurance Tracking Department.

Miniter Group today announced a major release of it's Borrower-Centric outsource insurance tracking software. This release supports optical character recognition (OCR) technology which will significantly improve transactional efficiencies within the Insurance Tracking Department. The OCR Software was developed in-house at Miniter Group to specifically address the unique document processing demands of insurance tracking. This will eliminate the labor intensive process of matching document images and data entry to the lender's loan files.

According to Jim Gilpin, EVP of Business Development at Miniter Group:

"As Miniter Group's Tracking Department continues to grow at a rate greater than 100% per year, we have begun the process of trading off workflow flexibility for process automation. The corner stone of our process automation will be the OCR engine that we have developed over the last 18 months. This OCR engine, once fully deployed, will position Miniter Group's Borrower-Centric Insurance Tracking Service as one of the most efficient insurance tracking operations in the industry."

Miniter Group is a leading provider of collateral risk transfer solutions to the lending industry, providing services to over 550 lenders in 45 states. Miniter's in-house software development team created a unique Borrower-Centric Insurance Tracking Solution in 2006. Miniter’s products include Lender Placed Hazard, Lender Placed Flood, REO Hazard, REO Liability, Blanket Mortgage Hazard, Mortgage Impairment Insurance, Outsource Tracking, Vendor Single Interest Insurance, Collateral Protection Insurance and GAP Insurance. 

We invite you to call us at 1-800-MINITER or visit us on the web at http://www.miniter.com.

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Ryan McNulty
Miniter Group
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Jim Gilpin
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