Spot the Fraud: Ocrolus File Tampering Detection in Action

Ocrolus File Tampering Detection (FTD) enables lenders to identify suspicious flags like balance padding & wonky fonts, undetectable to the human eye.

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Podcast featuring David Snitkof : Why credit data alone may not be enough to make informed underwriting decisions

US banks have been looking to tighten their underwriting standards. The average FICO score (a credit score created by the Fair Isaac Corporation) actually rose in July – in the middle of a pandemic that ought to raise the risk…

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How Mortgage Fintechs Are Using AI for Equitable Decision-Making

“It’s the idea that not everything can be properly captured through a single document but potentially through a varied composition of data fields and documents that could ultimately lead you to a very qualified borrower,” said Sipho Simela, head of…

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Ocrolus Adds Firmographic and KYB Capabilities with Middesk Integration

Ocrolus Adds Firmographic and KYB Capabilities with Middesk Integration   Lenders will have greater confidence in compliance, underwriting, and fraud decisions via Middesk’s verification and diligence APIs NEW YORK, December 15, 2020 — Ocrolus, the only automation platform that analyzes…

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5 North American FinTechs Worth Keeping an Eye On

FinTech is a portmanteau of the terms “finance” and “technology” and refers to any business that uses technology to enhance or automate financial services and processes. North America is no stranger to technology and innovative companies. Here is a list…

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David Snitkof: 3 Ways to Use Technology to Reduce Bias in Mortgage Underwriting

Despite federal legal protections against credit discrimination, disparities based on race, marital status, gender, and sexual orientation persist in the mortgage lending process. In 2019, 16% of Black applicants and 12% of Hispanic applicants were denied mortgages, compared to only 7%…

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Ocrolus Named #1 Fastest-Growing Software Company in New York on Deloitte’s 2020 Technology Fast 500™

North America’s 28th fastest-growing company achieves nearly 8000% revenue growth, with increasing market opportunity ahead NEW YORK, November 18, 2020 — Ocrolus, the only automation platform that analyzes financial documents and digital data with over 99% accuracy, today announced…

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Fintechs Optimistic About Biden Presidency Amid Increased Focus on Industry

Sipho Simela, head of mortgage strategy at Ocrolus, the New York-based fintech, said: “Following the results of the election, a massive change could be on the horizon for mortgage lending best practices. We could see an environment where the overall supply…

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Biden Wins, But His Fintech Policy Faces Partisan Headwinds

“The Consumer Financial Protection Bureau could be impacted immediately by the election outcome,” said Sipho Simela, head of mortgage strategy at Ocrolus. “Presumably a Biden administration would want to strengthen the power of the CFPB.”

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Why AI is No Longer Optional for Community Banks

For the PPP, Cross River Bank worked with more than 30 partners, including Divvy, Veem and Intuit, to build a platform that could interact with Small Business Administration (SBA) through the Cross River APIs, or application program interfaces. Integrating tech…

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