Non-Performing Loans (NPLs) are sold by banks to debt collection agencies. Each NPL case is equipped by a data tape that contains documents ranging from mortgage agreements, surety documents, to technical consultant reports, and more.
Altilia Intelligent Automation helps agencies to automatically process complex documents, extracting all the relevant data points to enrich NPLs data tapes. This process, previously handheld manually, can now be performed at 10 times the speed, with a 90% reduction of manual work, and with greatly improved accuracy.
This enables agencies to gain a complete view of the debtor’s properties and assets and to record them in data tapes, bringing greater success in chasing the loans and higher margins.