Integration shouldn't be limited to transmitting your work-product-data to your client's platforms. CaseAware Integrate (CAI) goes beyond status reporting and traditional data integrations, enabling your firm to optimize business processes, reduce costs, and expedite timelines. CAI offers over 60 vendor integrations--today we're showcasing a legal description integration that uses BOTH Artificial Intelligence (AI) and Optical Character Recognition (OCR), delivering immediate value in your business process.
Still typing legal descriptions into your CMS and leaving the identity of your real estate transaction in the hands of data entry?
Then we'd like to introduce you to NetXtract.
As a basis for the entire real estate transaction, a correct legal description is paramount for moving a property seamlessly through a sale process. Manually entering data exposes you to unnecessary risk, as a minor typo or slight error can lead to expensive title curative and delays in the process. NetXtract alleviates this risk through AI and a powerful OCR tool with a 99% proven quality rating.
"This is our first generation of using both OCR and AI integrations with CaseAware. And with the positive results we're seeing, we are definitely expanding the use of these technologies across all of the a360inc suite products.” Jan Duke, COO
Our studies have shown that an average legal description takes 10 minutes to enter and many involve over one thousand characters. Accounting for typing speed and assuming almost perfect accuracy, then factoring in time spent on self- and peer-review followed by attorney review, one legal description can take 30-60 minutes to complete. Considering salary plus benefits, overhead, and management a legal description can cost between $9.60 - $19.20 each. At $2.25-$3.25 per description, NetXtract can save you up to $15.95 or 83% per transaction.
NetXtract offers a 99% proven quality rating by using a high-powered OCR tool accompanied by human capital for final review. DeedXtract is an expanded product line with sophisticated business rules and additional data elements from your Deed and/or title packages such as Legal Description, Recording dates, Instrument Number & type, Deed BK/PG, MIN Number, Loan Date, Borrower Name(s), Party Name(s), Original Lender, Original Amount, Trustee, Property Address, Parcel ID Number and County.
"We implemented DeedXtract a few years ago to reduce the data entry in our title department as well as the overall risk to the firm. We've had great results and turnaround with the integration into CaseAware." - a large firm in Georgia
Ready to get started?
Contact Gretchen Borer, National Account Manager | NetDirector
Once credentials are received, contact your CAM or open a support ticket to implement the integration.
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