CONCORD is mortgage and loan file processing software. It ingests a loan file, classifies each document, extracts the fields that matter, and reconciles them across the whole file. Where the 1003 application says one thing and a pay stub, bank statement or title document says another, CONCORD raises an exception with both sides of the conflict and a link to the page.
Each document can be correct on its own and the file still be inconsistent. The conflicts live between documents.
Stated income on the application differs from the pay stubs or the tax return.
The employer on the application is not the employer on the W-2 or pay stub.
The borrower's name is spelled or ordered differently across documents.
The address on the application, the title commitment and the disclosures do not all match.
The loan amount changes between the application and the disclosures.
A document the file depends on was never received.
Each capability has its own page with the detail.
Every document in the loan file typed, and the borrower, income, asset, property and loan fields extracted with page citations.
The same field compared across the whole file: name, SSN last four, income, employer, property address and loan amount.
Conflicts and missing documents raised with severity and both sides of the evidence, and every correction logged.
Mortgage lenders, mortgage brokers and community banks.
Uploads the file, clears exceptions and requests missing documents.
Reviews the reconciled file and the conditions that remain.
Monitors throughput, aging and exception rates.
Enrolls the lender, assigns roles and subscribes integrations.
No. CONCORD prepares a reconciled file and an exception list. The underwriter makes the decision.
The loan application (1003), W-2s, pay stubs, bank statements, tax returns, title commitments, disclosures and other documents in the file.
CONCORD raises an exception showing both values, a severity, and links to the pages they came from, so a processor can resolve it quickly.
Loan files can be uploaded directly. Integrations with loan origination systems such as Encompass, and with Outlook, Gmail and Slack, are in progress.
Yes. Every correction and decision is logged in the audit trail.
The same field compared across the whole file: name, SSN last four, income, employer, property address and loan amount.
Conflicts and missing documents raised with severity and both sides of the evidence, and every correction logged.
Verified extraction versus reconciling the whole loan file.
Drop one file into CONCORD and see every conflict with both sides of the evidence.
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