NMLS

CoBot

Deploying robotic solutions to work on the Loan Origination System

Bot Profile

Efficiency

Complexity

Robotic Process Automation

Technology

Outcomes

Velocity

Productivity

Cost to Close

Benefits

80% reduction in processing time
100% data accuracy across processes
Automated 100% of the process steps

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Tech Specs

NMLS Check CoBot is an unattended reusable digital employee powered by UiPath RPA suite and can be easily integrated with any Loan Origination System(LOS).

Expertise

Deployment of robotic solution to work on the Loan Origination System
Automation codes capable of querying to extract information from the database
Perform validation of multiple criteria to determine the operability status
Reusable solution that can be used in multiple scenarios; to check during the new loans process, when TRID is triggered, and when the loan is Clear to Close (CTC)

Resource Type