Paradatec Achieves HW Tech100 Award Recognition for Third Consecutive Year
Paradatec Inc., a leading provider in AI-driven document analysis for the lending and real estate sectors, has proudly been awarded the prestigious HW Tech100 award for the third consecutive year. Announced on February 5, 2025, this recognition showcases the company’s commitment to innovation and excellence within the industry.
The HW Tech100 program, now in its 13th year, recognizes the most progressive organizations involved in housing and real estate. Paradatec's accolade this year emphasizes its dedication to tackling real-world issues faced by financial service clients. With its advanced platform capable of identifying over 9,500 data points across 975 document types, Paradatec has established itself as a pivotal player in transforming how document processing is performed in the financial sphere.
The company’s technology leverages deterministic AI for automated document identification and data extraction, ensuring precise results that streamline operational workflows and bolster risk management. Neil Fraser, COO of Paradatec, remarked, "Being recognized as a winner for the HW Tech100 is a testament to our focus on solving real challenges faced by our clients. We take pride in our ability to support both long-term relationships and new partnerships in a complex mortgage landscape."
One standout feature introduced by Paradatec last year is its Analytics module within the AI-Cloud platform, available in both SaaS and customer-cloud hosting models. This module empowers clients to dissect and assess data across various systems and documents efficiently. The flexible rules engine included in this module not only offers a library of rules but also allows clients to customize or create their own, further enhancing the precision and relevance of analysis conducted through Paradatec’s platform.
Paradatec’s innovative developments align seamlessly with their overall mission: maximizing return on investment for clients through effective AI solutions tailored to their evolving needs. The ongoing enhancements reflect a powerful dedication to customer-driven innovation, ensuring that Paradatec continues to be at the forefront of AI technology adoption.
For those interested in experiencing Paradatec’s technology firsthand, the company will be showcasing its solutions at booth #618 during the 2025 MBA Servicing Solutions Conference and Expo in Dallas, as well as at other significant industry events. Alongside a reputation trusted by top U.S. banks and mortgage servicers, Paradatec remains vigilant in addressing the high demands for quality automation in the lending lifecycle.
In addition to its innovative platform capabilities, Paradatec is a notable participant in industry associations such as the MBA, MISMO, and ALTA, underscoring its commitment to shaping the future of the mortgage and real estate sectors through technology. For those seeking more information about Paradatec or requesting a demo, further resources are available on their official website at www.paradatec.com.
In closing, Paradatec's receipt of the HW Tech100 award serves not only as a marker of achievement but also as a reminder of the ongoing changes and improvements that AI technology is bringing to the real estate and lending industries. As companies like Paradatec continue to innovate, the future of document processing looks brighter than ever, showing that business efficiency can indeed be achieved through advanced technology solutions.
The HW Tech100 program, now in its 13th year, recognizes the most progressive organizations involved in housing and real estate. Paradatec's accolade this year emphasizes its dedication to tackling real-world issues faced by financial service clients. With its advanced platform capable of identifying over 9,500 data points across 975 document types, Paradatec has established itself as a pivotal player in transforming how document processing is performed in the financial sphere.
The company’s technology leverages deterministic AI for automated document identification and data extraction, ensuring precise results that streamline operational workflows and bolster risk management. Neil Fraser, COO of Paradatec, remarked, "Being recognized as a winner for the HW Tech100 is a testament to our focus on solving real challenges faced by our clients. We take pride in our ability to support both long-term relationships and new partnerships in a complex mortgage landscape."
One standout feature introduced by Paradatec last year is its Analytics module within the AI-Cloud platform, available in both SaaS and customer-cloud hosting models. This module empowers clients to dissect and assess data across various systems and documents efficiently. The flexible rules engine included in this module not only offers a library of rules but also allows clients to customize or create their own, further enhancing the precision and relevance of analysis conducted through Paradatec’s platform.
Paradatec’s innovative developments align seamlessly with their overall mission: maximizing return on investment for clients through effective AI solutions tailored to their evolving needs. The ongoing enhancements reflect a powerful dedication to customer-driven innovation, ensuring that Paradatec continues to be at the forefront of AI technology adoption.
For those interested in experiencing Paradatec’s technology firsthand, the company will be showcasing its solutions at booth #618 during the 2025 MBA Servicing Solutions Conference and Expo in Dallas, as well as at other significant industry events. Alongside a reputation trusted by top U.S. banks and mortgage servicers, Paradatec remains vigilant in addressing the high demands for quality automation in the lending lifecycle.
In addition to its innovative platform capabilities, Paradatec is a notable participant in industry associations such as the MBA, MISMO, and ALTA, underscoring its commitment to shaping the future of the mortgage and real estate sectors through technology. For those seeking more information about Paradatec or requesting a demo, further resources are available on their official website at www.paradatec.com.
In closing, Paradatec's receipt of the HW Tech100 award serves not only as a marker of achievement but also as a reminder of the ongoing changes and improvements that AI technology is bringing to the real estate and lending industries. As companies like Paradatec continue to innovate, the future of document processing looks brighter than ever, showing that business efficiency can indeed be achieved through advanced technology solutions.
Topics Business Technology）
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