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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New Tutorial Video: Intro to Ocrolus Analytics

The magic of Ocrolus is that our platform combines artificial intelligence and crowdsourced review to analyze financial documents with 99+% accuracy and automatically deliver a robust set of 75+ analytics via web-app or API. When it comes to making the…

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2020 Fintech Lending Market Map

We’re extremely excited to publish Ocrolus’ 2020 Fintech Lending Market Map. At Ocrolus, we have been helping lenders automate their underwriting and improve the quality of their credit decisions for nearly five years, and we have gained tremendous insight along the…

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Business Insider Features Ocrolus in List of 38 Breakout B2B Fintech Stars

As featured in Business Insider’s article, “Investors say these 38 fintechs are the next generation of breakout B2B stars, following in the footsteps of Stripe and Plaid.” (subscription required.) Ocrolus is honored to be featured in Business Insider’s list of…

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Adapting to the Rise of Non-Traditional Borrowers

The gig (economy) is up! New research shows self-employment and gig economy working in the U.S. is on the rise. In a collaborative study, Intuit Quickbooks and Gallup found that self-employment is at an all-time high, with a record-breaking 44…

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