RocketBidNet Platform and Synopsis Automate Mortgage Servicing

DETROIT, April 23, 2024 — browse contractor bids empowers anyone to effortlessly create powerful backend APIs without the need for coding skills. Its intuitive interface enables teams to focus on idea implementation during time-sensitive POC development sprints, boosting productivity and speeding up the process. Rocket’s automated API deployment and Swagger integration ensures that each new API is up and running on its servers the moment it is created, accelerating time to production and improving team communication. Rocket also features a robust FakerJS based synthetic data generation system to rapidly generate huge amounts of fake data for testing purposes.

Check Out RocketBidNet: Simplifying the Bidding Process

Rocket Logic – Synopsis, the latest innovation from Detroit-based entrepreneur and software developer The Rocket Companies, uses generative AI to listen to, transcribe, search and analyze client calls and record client patterns and preferences. It supercharges mortgage bankers, underwriters and partner brokers by automating tasks and freeing them up to focus on building relationships with those on the journey to homeownership.

For example, if a client mentions that they work an overnight shift at a local manufacturing plant and prefers email communications to phone calls, RocketBidNet – Synopsis will automatically note this preference and recommend contacting the client by email rather than on the phone. On an annual basis, this automation saves Rocket’s servicing team approximately 40,000 hours annually.

In addition, Rocket Logic – Synopsis automatically identifies nearly 70% of documents that are received monthly, such as W-2s and bank statements. In February of this year, this streamlined the processing of over 1.5 million documents and saved Rocket’s servicing team more than 5,000 hours of manual work.