NEW YORK, March 5, 2019 /PRNewswire/ -- ayfie Inc., a leading software company for information retrieval and big text analytics used in a variety of industries and disciplines worldwide, is proud to announce that it has signed a strategic licensing agreement with the financial technology provider Alpha Modus to power contract analytics for the mortgage industry.
"Designed to integrate with the mortgage pricing and risk management software MIAC Analytics™, Alpha Modus' Assure platform, powered by ayfie's technology will drive workflows into MIAC's Verifi product. Through MIAC, we will streamline the mortgage due diligence process by extracting key metadata compiled throughout the loan origination process. This will, in turn, provide actionable insights to a broad range of mortgage industry participants." — William Alessi, CEO at Alpha Modus.
This integration will leverage ayfie's leading AI engine to identify data points with high precision, creating seamless analysis and process automation. The initial release this month includes document indexing, metadata extraction, and workflows to automate the evaluation of mortgage documents.
ayfie's solution for contract analysis is securely housed within a Tier IV data center with an ISO 27001 certified management layer.
"By strategically aligning with Alpha Modus, we're launching an extremely sophisticated mortgage pricing and risk management software suite. Working closely with thought leaders in verticals like the mortgage market allows us to solve specific and costly problems in the industry. We'll continue to innovate with Alpha Modus for data-driven process automation in the mortgage industry moving forward." — Rob Wescott, Chief Strategy Officer at ayfie.
ayfie offers search and text analytics solutions that bring structure to unstructured data. Its extensive feature set combines AI with more than 30 years of linguistics, computational linguistics and computer science expertise to extract meaning from text – almost like a human being would. Professionals across the legal, finance, healthcare and media industries use ayfie's powerful text analytics engine to efficiently identify critical insights, conduct smart search and power business intelligence solutions.
The company is headquartered in Oslo, Norway with offices in New York, Fort Lauderdale, Washington, D.C., Munich, London and Stockholm.
Since 1989, MIAC Analytics™ has been the preferred destination for the sophisticated mortgage industry and capital markets participants, offering transaction execution services, secondary market hedge advisory solutions, third-party mortgage asset valuations, as well as state-of-the-art valuation and risk models incorporating a full range of consumer behavioral risk factors.
MIAC Analytics™ is the most sophisticated mortgage pricing and risk management software suite available for mortgage investors, originators, servicers and balance sheet managers. The MIAC Analytics™ suite now includes MIAC Vision™, an asset-liability solution that applies MIAC's CORE™ behavioral factors at the loan level.
About Alpha Modus
Alpha Modus Corp is a technology provider bringing infrastructure and software as a service to serve its clients better. Alpha Modus leverages human expertise and machine intelligence to extract actionable insights from data. In 2016, Alpha Modus was presented with a Beacon Award by IBM for Best New Application on IBM Cloud from an Entrepreneur and recognized by IBM Watson as a thought leader in technology.
SOURCE ayfie Inc.