Blog

2020 Year in Review

In 2020, Ocrolus substantiated its position as the leading document-analysis technology in fintech lending. We have now analyzed over 1 billion transactions, processed over 50 million documents, and facilitated 3 million fintech loan applications. Ocrolus has become one of…

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Introducing the Small Business Recovery Index

Last month marked the end of a seven-month run of job market gains. Even with the recent gains, more jobs have been lost — nearly 11 million — than were cut in the wake of the 2008-09 Financial Crisis, where…

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Now is the time for community banks to invest in innovation

2020 was a challenging year for many community banks, but that doesn’t mean 2021 is time to retrench. By planning ahead and proactively investing in innovation, community banks can prepare themselves to weather the next crisis — and make the…

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Investor Insights: The Mortgage Firehose, A Catalyst for FinTech

Investor Insights is an Ocrolus guest blog series featuring prominent voices from the investment community. The series highlights industry trends, funding culture, and observations about the fintech space.  Today’s author, Matt Levinson, is a Principal on the investment team at FinTech…

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The average American’s FICO score rose to 710 in 2020. Here’s what FICO scores aren’t telling you

The average FICO score of an American consumer rose to 710 in 2020, an all-time high. At first glance, this number defies intuition. Are consumers better qualified than ever to take on additional debt? If so, why did 71.7% of…

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PPP Loan Forgiveness

  The SBA announced PPP changes, here’s what lenders need to do.    As lockdowns hit America, the Paycheck Protection Program spun into action to protect jobs, as the name suggests. In doing so, it created the largest lending program…

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The Future of CX: How companies can step up their customer experiences. Perspectives from Brex, Plaid, Stage 2 Capital, & Ocrolus

Four fintech and small business funding experts came together on October 15 to discuss the future of customer experience and how their companies are adapting in realtime. Hundreds of attendees joined the virtual roundtable to learn how leading fintechs are…

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NEXT Tech Showcase: Ocrolus’ Verification of Employment Solution

NEXT is an incredible organization that’s focused on advancing women executives in mortgage. They created the first mortgage industry event specifically for high-ranking women executives and now produce ongoing content and events. Having gone to the NEXTWINTER20 event in Dallas,…

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Lending After Lockdown: How Small Businesses Can Improve Their Creditworthiness: Perspectives from Lendio, Cross River Bank, Kapitus and Ocrolus

Five fintech and small business funding experts came together on August 11 to discuss the future of small business lending post-Covid. Hundreds of  attendees joined the virtual roundtable to learn how agile lenders are setting new standards for small business…

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Consumers, Cars & Credit: The Auto Loan Market Reveals Underlying Trends in Consumer Lending

Cars and credit are two of my favorite topics. Last week, I spoke to Ed Garsten at Forbes to share thoughts on tightening underwriting standards in auto finance, along with the deeper trends driving evolution in consumer credit more broadly. …

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