9-10-13 3:00 AM EDT | Email Article

Kofax® plc (LSE: KFX), a leading provider of smart process applications for the business critical First Mile™ of customer interactions, today announced that its solutions are now being used to capture and process more than 1.1 million mortgages, or approximately 374 million document pages, in the US annually.

The company also announced that demand for Kofax Mobile Capture™ is growing. Two lenders in the US recently invested more than $1.5 million in Kofax solutions to capture and process more than 100 million document pages per year. Both companies are using Kofax Mobile Capture as part of a comprehensive solution to dramatically increase efficiencies associated with loan processing while enhancing customer service and reducing operating costs.

“A growing number of financial institutions around the world are investing in Kofax solutions to automate and accelerate mortgage processing and to generate a better customer experience and significant ROI,” said Drew Hyatt, Senior Vice President of Mobile Applications at Kofax. “Mobility is an especially hot topic among lenders today and many of them are choosing Kofax because of its unique ability to capture and process information using mobile devices. It also gives them the ability to speed transactions and differentiate themselves from the competition.”

Kofax Mobile Capture extends Kofax imaging capabilities to smartphones and tablets. It enables customers to use cameras in those devices to capture images of documents, photographs, and data and then pass that content to Kofax workflows that manage it into enterprise applications and repositories. Capturing this information at the Point of Origination™ from virtually anywhere, and delivering it to enterprise applications accelerates processes, minimizes latency, speeds transactions and reduces processing costs for better customer service.

About Kofax

Kofax® plc (LSE: KFX) is a leading provider of smart process applications for the business critical First Mile of customer interactions. These begin with an organization’s systems of engagement, which generate real time, information intensive communications from customers, and provide an essential connection to their systems of record, which are typically large scale, rigid enterprise applications and repositories not easily adapted to more contemporary technology. Success in the First Mile can dramatically improve an organization’s customer experience and greatly reduce operating costs, thus driving increased competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 20,000 customers in banking, insurance, government, healthcare, business process outsourcing and other markets. Kofax delivers these through its own sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

© 2013 Kofax, plc. Kofax is a registered trademark and First Mile and Kofax Mobile Capture are trademarks of Kofax, plc.

Media Contact:
Kofax® plc
Colleen Edwards
Vice President, Corporate Communications
+1 949-783-1582
colleen.edwards@kofax.com
or
Investor Contact:
MKR Group, Inc.
Todd Kehrli
+1 323-468-2300
kfx@mkr-group.com
or
FTI Consulting
Sophie McMillan / Elodie Castagna
+44 (0) 20 7831 3113
kofax@fticonsulting.com

Copyright Business Wire 2013
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Morningstar - 2013/9/10 - Kofax Solutions Now Processing More Than 1.1 Million Mortgage Applications Per Year in the US
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