Paradatec
AI-based mortgage document analysis provider with 30+ years experience, serving 3 of top 10 U.S. banks and 5 largest mortgage servicers.
Overview
Paradatec GmbH provides intelligent document analysis using AI, OCR, and ICR technologies for automated data extraction from mortgage and real estate documents. Founded in 1988 in Braunschweig, Germany, the company serves three of the top 10 U.S. banks and five of the largest mortgage servicers.
The platform recognizes over 850 mortgage-specific document types and extracts over 8,500 data points using machine learning and pre-trained libraries. In 2024, Paradatec achieved a 33% increase in new clients despite challenging mortgage market conditions, with client relationships spanning over a decade. HousingWire named Paradatec a 2025 Tech100 winner for leadership in automated mortgage document analysis.
The company released AI-Cloud version 8.0 in April 2022, hosted on Amazon Web Services, and launched an analytics module in 2024 featuring deterministic AI technology that delivers explainable and auditable results.
Key Features
- 850+ Document Type Recognition: Pre-trained models for mortgage and real estate document types
- 8,500+ Data Point Extraction: Comprehensive field extraction for mortgage documents
- Deterministic AI Technology: Explainable and auditable results for regulatory compliance
- Analytics Module: Data comparison across systems and source documents with flexible rules engine
- OCR/ICR Technology: Text recognition from scanned images, PDFs, and emails
- AI-Cloud Platform: Version 8.0 hosted on AWS infrastructure
- Machine Learning Libraries: Pre-trained models for mortgage and real estate industry
Use Cases
Mortgage Document Processing
U.S. banks and mortgage servicers use Paradatec to automate loan file processing by extracting data from appraisals, title documents, and income verification forms. The system recognizes 850+ mortgage document types and extracts 8,500+ data points including loan amounts, property details, and borrower information for loan origination systems.
German Judiciary Land Register
The Bavarian judiciary implemented Paradatec's technology through Atos to automate land register processing. The system reads and analyzes scanned paper documents and PDFs from land registers, extracting property ownership, liens, and legal information for government databases.
Regulatory Compliance and Auditing
Financial institutions use Paradatec's deterministic AI technology for mortgage document processing where explainable and auditable results are required for regulatory compliance, reducing manual review time while maintaining transparency.
Technical Specifications
| Feature | Specification |
|---|---|
| Core Technology | AI-based OCR/ICR with deterministic AI |
| Platform | AI-Cloud 8.0 (AWS-hosted, released April 2022) |
| Document Type Recognition | 850+ mortgage/real estate document types |
| Data Point Extraction | 8,500+ mortgage document fields |
| ML Capabilities | Pre-trained libraries, machine learning |
| Analytics Module | Data comparison, flexible rules engine (launched 2024) |
| Document Sources | Scanned images, PDFs, emails |
| Target Industries | Mortgage, insurance, financial services, government/judiciary |
| Major Clients | 3 of top 10 U.S. banks, 5 of top 10 servicers |
| Founded | 1988 |
Resources
Company Information
Headquarters: Braunschweig, Germany
Founded: 1988
Experience: 30+ years in intelligent document analysis