Paradatec Honored with HW Tech100 Award for Third Straight Year
Mortgage industry's leading provider of AI-based intelligent document processing recognized for its powerful automation in document identification, data extraction and data evaluation
WILIMINGTON, Del., Feb. 5, 2025 /PRNewswire/ -- Paradatec Inc., a market leader in AI-based document analysis technology for the lending and real estate industries, announced today it has been honored with a 2025 HW Tech100 award by HousingWire magazine. This is the third straight year Paradatec has received the HW Tech100 award.
Now in its 13th year, the Tech100 program provides housing professionals with a definitive list of the most forward-thinking organizations in the industry.
Trusted by three of the top 10 U.S. banks and five of the largest mortgage servicers, Paradatec's platform — which captures over 9,500 data points from more than 975 document types — offers unmatched capabilities in automated document identification and data extraction using deterministic AI technology. Coupled with its rules-based engine for comparing and evaluating data extracted from documents and source system datasets, the platform delivers explainable and auditable intelligent document processing results that streamline workflow processes, support risk management, and enhance data governance across enterprise operations.
'Being recognized as a 2025 HW Tech100 winner is a testament to Paradatec's focus on solving real-world challenges faced by our financial service clients,' said Neil Fraser, COO of Paradatec Inc. 'As a privately-owned company, we are solely focused on helping our customers maximize their ROI from our advanced AI technology. We are fortunate to have both long-term clients and an expanding customer base trust and rely on our ongoing delivery of innovative solutions for their evolving needs in today's complex mortgage industry.'
Last year, Paradatec introduced its Analytics module within its AI-Cloud platform, which is available in both SaaS and customer-cloud hosted models. The Analytics module enables clients to compare and evaluate data across systems and source documents with precision, powered by a flexible rules engine with a ready library of rules and an easy-to-use rule builder for customers to modify or add their own rules. Used with Paradatec's API to efficiently exchange information with customer systems of record and Paradatec's workflow-specific configurations for document and data analysis, the Analytics module is the latest example of Paradatec's commitment to customer-driven innovation.
For more information about Paradatec or to request a demo, please visit www.paradatec.com. Paradatec will also be available at booth #618 at the 2025 MBA Servicing Solutions Conference & Expo in Dallas, booth #529 at the ICE Experience 2025 conference in Las Vegas, as well as other upcoming industry events and gatherings.
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About Paradatec
Paradatec is the leading provider of AI-based automated document analysis technology for the lending and real estate industries. We make your systems more effective by providing accurate information from your documents in real-time. Using machine-learning tools and pre-trained libraries, Paradatec finds over 9,500 data points in 975+ mortgage and real estate documents and transforms them into actionable data. The solution also supports document versioning, PII data redaction, signature tagging/identification and more. Paradatec's clients include three of the 10 largest U.S. banks, five of the 10 largest servicers, and leading QC Audit and settlement service providers. Paradatec has the trust of the largest financial services providers to help them manage the lending lifecycle with high quality automation. Paradatec is a proud member of MBA, MISMO, and ALTA. For more information, visit www.paradatec.com.
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Mary McGarity
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Kim Weaver
Paradatec
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