Make faster, more accurate lending decisions with lending automation solution
Ocrolus is the leading lending automation solution with Human-in-the-Loop validation along every step of the process. We help lenders review and process millions of pages of loan documents every month. Our lending automation solution can capture any field, on a broad set of document types – regardless of the format or quality – and transform it into decision-ready data, helping businesses process documents more accurately and quickly, saving money and time while enabling scale.
Unlike manual loan processing and underwriting, the Ocrolus solution automatically recognizes and classifies borrower documents with over 99% accuracy and zero training on your end.
Ocrolus helps lenders in many ways and can evolve with the unique needs of your business and lending scenarios. Our lending automation software enables businesses to:
Process loan applications faster and more efficiently than ever before
Automate inefficient manual data entry and review, speeding up loan processing times from days and hours to minutes while improving accuracy. Free up underwriting resources so you can process more loans. Ocrolus clients typically achieve at least a 30% reduction in operational costs.
Focus on your core business
You are in the lending business to fund loans – not to rebuild your document automation technology stack. Ocrolus frees up your underwriting team to do what they do best with a solution that starts working for you right away, without a long development cycle or expensive implementation costs.
Scale more easily
Ocrolus gives you the flexibility to quickly respond to market conditions. Ocrolus’ technology-led solutions mean you can ramp up without ramping up additional hiring.
Safely generate more loans
Generate more loan offers and increase throughput with more efficient document review processes and over 99% accuracy. Then, capture even more value through dynamic pricing models and more refined credit modeling.
What types of documents does Ocrolus process?
Process and extract data from any image or document with over 99% accuracy
- Bank statements
- Paystubs
- IDs
- Tax documents
- Mortgage forms
- Invoices
- Broker applications
Who does our lending automation solution help?
Automate workflows and originate more loans across a variety of industries:
- Banks
- Fintechs
- Mortgage lenders
- Consumer lenders
- Auto lenders
- Business lenders
Now we process over 90 percent of our loan applications within 30 minutes.”