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Capsilon Honored as Gold Winner in the 7th Annual 2015 Golden Bridge AwardsCapsilon Corporation, a provider of comprehensive cloud-based document and data management solutions for mortgage lenders, investors and servicers has earned the prestigious Gold status in the Golden Bridge Awards for its Capsilon DocVelocity platform. The coveted annual Golden Bridge Awards program encompasses the world's best in organizational performance, innovations, products and services, executives and management teams and more, from every major industry in the world. Organizations from all over the world are eligible to submit nominations including public and private, for-profit and non-profit, largest to smallest and new start-ups. Capsilon was recognized with a gold award for its recently introduced automated data extraction (ADE (News - Alert)) technology, a new capability of its flagship product, Capsilon DocVelocity. The ADE technology offers mortgage lenders an innovative alternative to current labor-based approaches to access, validate and evaluate critical loan data by extracting the data required by mortgage companies to enable rich data-driven audits. The breakthrough technology is used by some of the nation's largest mortgage companies for automated loan evaluation that eliminates costly labor, speeds loan turn times, and helps manage compliance. The extracted data is automatically transformed into Mortgage Industry Standards Maintenance Organization (MISMO)-compliant data points for consumption by automation engines and sved in the DocVelocity electronic loan folder for quick reference at any time during the life of the loan. Links to the original document from which the data is extracted are always maintained, so it is simple to track back to the "source of truth" for the data. More than 40 judges from a broad spectrum of industry voices from around the world participated and their average scores determined the 2015 Golden Bridge Business Awards winners. The winners were honored during the awards dinner and presentation on November 16, 2015 in San Francisco attended by the finalists, industry leaders and judges. "To win Gold status in the Golden Bridge Awards in the 'Innovations in Technology' category is especially meaningful because our mission is to automate key steps along the mortgage lifecycle through technical innovation," said Sanjeev Malaney, chief executive officer of Capsilon. "Our automated data extraction technology enables large mortgage companies to automate labor-intensive, time-consuming loan evaluation and audit tasks, improving loan quality while accelerating time to close and reducing total loan production costs." About Capsilon Corporation Capsilon provides comprehensive cloud-based document and data management solutions that enable mortgage lenders, investors and servicers to increase productivity and lower costs, while ensuring compliance. The company's flagship product, Capsilon DocVelocity®, is a document imaging and data capture platform built specifically to address the needs of large mortgage companies. Headquartered in San Francisco, Capsilon serves many of the mortgage industry's most innovative companies, including two of the 10 largest residential mortgage lenders in the United States. For more information, visit www.capsilon.com. About the Golden Bridge Awards Golden Bridge Awards are an annual industry and peers recognition program honoring the best companies in every major industry from large to small and new start-ups in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America, Best New Products and Services, Best Innovations, Management and Teams, Women in Business and the Professions, Case Studies, Customer Satisfaction, and PR and Marketing Campaigns from all over the world. Learn more about The Golden Bridge Awards at www.goldenbridgeawards.com. DocVelocity® is a registered trademark of Capsilon Corporation. All other marks are the property of their respective owners. View source version on businesswire.com: http://www.businesswire.com/news/home/20151118006019/en/ |
