Developer Resources: Enabling Access to Actionable Data

At its core, lending is a business of decision-making under uncertainty and managing asymmetric risk. To establish and maintain profitability, lenders must optimize the ratio of performing to non-performing customers and price risk appropriately (i.e., setting rates and terms). Actionable…

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Data, Duration and Detail: The New Analytics for Small Business Lending

As cities, states, and the nation reopen, small business’ access to capital will be a critical ingredient in recovery.  The colossal pandemic of COVID-19 has had a wide-ranging impact on public health, civil society, and the economy.   In the…

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Trust but Verify: The Questions Lenders Need Answered for PPP Loan Forgiveness

Doveryai, no proveryai – The Russian proverb that President Reagan commandeered in the 1980s to explain his cold war negotiating strategy–trust but verify- is an apt description of how the Small Business Administration approached the launch of the Payroll Protection…

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What Fannie Mae’s R&W Policy Change Means to Mortgage Lenders

Early this month, Fannie Mae issued a Lender Letter to its single-family sellers that included updates to the temporary policies that were set into motion on March 31, 2020 in response to the COVID-19 crisis. One of the significant changes…

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Ocrolus Welcomes Michael Manne As Its First Chief Revenue Officer

Ocrolus is modernizing the way financial documents are analyzed with artificial intelligence and human-in-the-loop validation. The company is pleased to announce the newest addition to its executive team with the appointment of Michael Manne as its first Chief Revenue Officer.…

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The Insufficiency of Credit Data in a Non-Financial Crisis

Credit scores and the data that underlie them have become a mainstay of American life over the past few decades.  Consumers seeking credit – a credit card, mortgage or auto loan – and businesses seeking capital – a loan, line…

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Supporting Small Business Members in the Age of COVID-19

Gallup recently conducted a study that surveyed 3.2 million credit union members across the nation in order to learn how they have been affected by the coronavirus pandemic and understand what kind of support members need the most. The analytics…

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Ocrolus Announces Gold Sponsorship of NYC Fintech Women

Ocrolus is delighted to announce a gold sponsorship of NYC Fintech Women, a community of women fintech executives, founders, and engineers, who are opening Wall Street’s doors by facilitating access to education, community, and coaching. Founded in 2017, NYC Fintech…

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PPP Loan-to-Grant Conversions: Are Your Customers Ready for Forgiveness?

Somewhat lost this past month in the fervor of the two SBA PPP funding events is the upcoming day of reckoning when participants will have the ability to convert the low-interest loans into forgivable grants. To do so, businesses will…

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HousingWire Demo Day: Ocrolus Automation in Action

As a fintech infrastructure company on a mission to make financial decisioning faster and more accurate at scale, we believe that knowledge is power. That’s why we partnered with HousingWire to bring a virtual demo of our document digitization solution…

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