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Clarifire Advances Partnership with SoftWorks AI to Deliver Innovation

October 10, 2018

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Oct 10, 2018--Clarifire, a leader in workflow automation, and SoftWorks AI, a leader in artificial intelligence and machine learning solutions, are showcasing a new powerful solution for financial services organizations at the 2018 MBA Annual Conference in Washington D.C. from Oct. 14-17.

Following their partnership agreement in March, the two organizations will demonstrate how loan servicers can utilize an automated end-to-end solution that takes the manual labor out of document reviews.

“We focused our first integration on challenges for the mortgage servicing industry’s loss mitigation services, a large and expensive portion of the servicing business, providing the biggest lift in processing speed, cost reduction and error reductions,” said Jane Mason, CEO Clarifire.

The CLARIFIRE® workflow application controls the consistency of the actions, images and interactions, through automated business rules aligned with all investor workout types, including disasters. By combining Smart workflow with SoftWorks AI’s Trapeze for Mortgage Automation platform documents are instantly recognized with accuracy to ensure quality, validity and type. Servicers only need to focus on the exceptions, which are managed within the workflow.

“We recognize that combining our solutions brings a unique, first of its kind solution to this industry,” said Ari Gross, CEO of SoftWorks AI. “Now we have some robust, go-to-market capabilities that we are ready to share with servicers.”

The needs for the mortgage servicing industry continue to change and the two companies plan to announce new offerings to keep up with current trends.

About Clarifire

Clarifire is a privately held, women-owned corporation that offers the CLARIFIRE® workflow automation application. Clarifire is a group of workflow experts that created the product CLARIFIRE, a suite of features providing organizations the capability to achieve strategic transformation that is quick and easy to implement. The company has over a decade of experience in both process proficiency and software delivery. As a Microsoft Gold Certified Partner and WBENC certified corporation, Clarifire guides organizations through the chaos and into organizational efficiencies. Visit us at www.eclarifire.com.

About Softworks AI

SoftWorks AI is dedicated to helping businesses enhance operational efficiency by providing state-of-the-art computer vision and automation solutions. We strive to leverage our deep expertise in computer perception, OCR and AI technologies to convert raw information into actionable insight, equipping knowledge workers with the means to drive business value faster and more intelligently. Visit us at www.softworksai.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005666/en/

CONTACT: Clarifire

Elise Yacobellis, 866-222-3370

eyacobellis@eclarifire.com

www.eclarifire.com

or

Softworks AI

Adam Miller, 718-947-5921

amiller@softworksai.com

www.softworksai.com

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA FLORIDA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT ELECTRONIC DESIGN AUTOMATION SOFTWARE OTHER TECHNOLOGY PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Clarifire

Copyright Business Wire 2018.

PUB: 10/10/2018 11:15 AM/DISC: 10/10/2018 11:15 AM

http://www.businesswire.com/news/home/20181010005666/en

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