Mortgage Automation
Accelerate Mortgage Decisions with Validated Data from Borrower Documents
Onboard documents into any LOS for quicker decisions and process transparency
Ocrolus has integrated mortgage solutions for automating borrower documents for origination, funding and secondary market preparation.
Unlike legacy capture applications, Ocrolus provides a comprehensive solution that completely eliminates manual data entry, allowing mortgage professionals to focus on core functions like underwriting, compliance and approval.
Your Goals
- Secure borrower-provided documents
- Digitize documents into actionable information
- Flag potentially fraudulent content
- Present a loan package with complete confidence
- Meet 30-day funding windows
Ocrolus Features
- Verify income across multiple documents, including pay stubs, bank statements and tax forms
- Automatically categorize and parse 1003s, 1008s and other mortgage forms
- Validate identity and proof of residence with IDs and utility bills
- Verify LTV, debt-income ratios, liability amounts and borrower information
- Establish a comprehensive audit trail of clean data from all documents with 99+% accuracy
Benefits
- Close mortgages faster
- Reduce the risk of incomplete document sets and attempted fraud
- Make more informed origination & insurance decisions
- Reduce document digitization costs
- Add scalability to document onboarding and credit analysis
“In a world where getting better returns is front and center for CEOs and CFOs of large financial institutions, Ocrolus is a surefire way to reduce costs, improve effectiveness, and create an immutable audit trail.”
Nigel Morris, Managing Director, QED Investors, Co-founder of Capital One