MReport Feature: Sipho Simela on Mortgage Lending Best Practices

The COVID-19 pandemic, the recession, and the U.S. presidential election made 2020 an unusual year for the mortgage industry. With interest rates at record lows, refinancing carried the market, but that trend can’t continue forever. The need for inventory is…

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Ocrolus bets on human-in-the-loop infrastructure to automate fintech loan analysis process

With a human-in-the-loop infrastructure, the company transforms documents into actionable data with great accuracy, according to Sam Bobley, co-founder and chief executive officer of Ocrolus. The startup primarily operates with financial services by “reading” tons of pages of bank statements, pay stubs,…

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Tearsheet interviews Nicole Newlin about gender equality in fintech

Women in fintech still have to work harder to get the same opportunities men get. Organizations like Women in Fintech and NYC Fintech Women are working to change this.

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Sam Bobley, Co-Founder and CEO of Ocrolus – Transforming Documents into Data Analytics

Miguel Armaza sits down with Sam Bobley, Co-Founder and CEO of Ocrolus, an infrastructure company that transforms documents into data analytics with incredible accuracy designed to help financial services companies make high quality decisions at unprecedented speed.

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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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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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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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