CINCINNATI, February 17, 2022 /PRNewswire/ — Paradatec, Inc., a leading provider of AI-based document classification and data extraction technologies for mortgage loan processing, announced that Kim Weaver joined the company as Director, Product Strategy. Weaver will work closely with Paradatec customers to ensure that the company provides the best services and products for their needs.
Weaver has over 25 years of experience in the financial services industry, with a focus on mortgage and consumer lending. She spent 15 years at Fiserv where she held leadership roles in product management, product strategy and customer delivery. She also served as vice president of digital technology company Pyramid Systems, Inc. and senior business analyst at Freddie Mac. Weaver has also been active with the Mortgage Bankers Association (MBA) data standards organization MISMO.
Paradatec is the mortgage industry’s leading artificial technology (AI) provider for loan document processing. The company’s AI-Cloud automated loan indexing technology breaks down each loan into over 850 specific document types and uses machine learning tools and pre-trained libraries to find and transform over 8,500 data points trapped in mortgage documents into actionable data. Paradatec helps three of the top 10 lenders and four of the top 10 managers in the United States automate loan document processing.
“We are delighted to welcome Kim to Paradatec,” said neil fraser, director of US operations at Paradatec. “Her vast experience in mortgages and technology makes her the perfect fit. Kim is also skilled in product development and strategy, as well as managing client relationships. She understands our clients as she has held many key positions in the mortgage industry.”
“I have known and worked with Paradatec for over 15 years in my previous roles in the mortgage industry and am thrilled to be part of their team now,” Weaver said. “Their expertise in applying artificial intelligence and machine learning to document processing automation is unmatched. Paradatec’s solutions ultimately help lenders, managers, closing companies and titles to provide the best service to buyers and owners.”
“Paradatec’s superior technology and people are what brought me to work here,” added Weaver. “I’ve spent a lot of time in my career promoting the use of native e-documents, including e-signatures and e-mortgages. However, to be truly effective, you need a comprehensive strategy to manage all documents associated with the granting and servicing of loans. Paradatec provides this solution for each stage of the life of the loan.”
About Paradatec, Inc.
Paradatec is a leading provider of efficient, accurate and flexible AI-based document classification and data extraction technologies for lenders, service providers and investors. The company’s out-of-the-box solution completely automates inbound loan processing by identifying over 800 unique documents in the typical mortgage file and capturing over 8,500 data elements from those documents. Paradatec’s clients include three of the top 10 US banks and four of the top 10 managers. For more information, visit www.paradatec.com.
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