ORANGE, CA—NextAce has releasedNeXtraction, an adaptable data-capture engine andrelated workflow that instantly turns document images intoactionable data and information. The technologyeffectively gives access to data from recorded documents,loan-origination packages and other documents of any length and atremarkable speeds and is being billed as a major advance indocument extraction for the mortgage, realestate and title-insurance markets.

The automated functionality of NeXtraction allows customers toindex, extract, catalog, understand and deliver informationintelligently from structured, semi-structured or unstructureddocuments, while also replacing or reducing costly andtime-consuming manual or offshore keying initiatives in placetoday, according to the firm.

According to Don Cantral, CEO of NextAce,“NeXtraction makes possible the true harnessing of data.” He tellsGlobeSt.com, “Data extraction for commercial realestate has been generally limited to scraping propertyflyers of their valuable data to crate proprietary digitaldatabases or the incorporation of some type of businessintelligence to mine existing databases to create CRE collateral orspreadsheet analyses. NeXtraction goes beyond these helpful yetbaseline 'data-capture' capabilities to get at what has formerlybeen stuck in what we call 'unstructured' documents.”