As lenders face changing mortgage regulations around redaction requirements, the prospect and importance of how to meet them is increasingly important. If the process isn’t automated, organizations will be tasked with asking employees to dedicate countless hours to searching for the regulated data – either on electronic files or on paper, armed with white out or permanent markers.
The prospect of our OnBase customers being forced to grind efficient workflows to a halt is what prompted Hyland to launch the PII Compliance Solution. This document redaction application not only allows lenders to automate the redaction process using Optical Character Recognition (OCR), it also allows users to upload documents in bulk, which saves time, resources and inefficient repetition of work.
In this solution overview, you’ll get the details on how the PII Compliance Solution optimizes workflows, by:
- Automatically redacting required personal identifying information
- Allowing for large amounts of documents to be seamlessly uploaded
- Ensuring compliance with industry regulations
Lenders are under immense pressure to act quickly and accurately. With the PII Compliance Solution, their team can do both. Get the details in this overview!