AI-driven document automation and analytics across application, processing, underwriting and closing.
Onboard borrower documents with Ocrolus for faster decisions and process transparency
Today's leading mortgage lenders partner with Ocrolus
Fluctuating mortgage demand challenges lenders to automate processes and adapt to industry volatility.
Ocrolus automates the review and analysis of borrower documents, returning accurate data into your loan origination system. Empower loan teams with capabilities to classify financial documents, capture key data fields and pre-populate income calculations, enabling faster, data-driven mortgage loan processing.
Automatically index and extract data from borrower documents with confidence
Eliminate manual data entry
Create structured data at the start of the borrower journey
Deliver data natively within your LOS
Income calculation for wage earners, self-employed borrowers, rental properties and bank statement loans
Automate analysis of borrower income documents following Fannie Mae and Freddie Mac guidelines in addition to government-backed loan programs
Leverage income calculations across multiple borrower and property types, including non-traditional income
Import calculations into Encompass® by ICE Mortgage Technology® with transparency and confidence
Inspect: Automate loan processing with confidence
Identify mismatches in borrower information, assets and employment data
Detect missing documents needed to support loan applications
Surface unsupported assets from borrower documents
Track discrepancies and create conditions for underwriting
Inspect works seamlessly with Encompass® 1003 loan applications, ensuring consistency, completeness and confidence in every loan file and is a game changer for loan processing.
Neighborhood Loans reduces processing time by 90% with Ocrolus AI
Explore our API
Review our API documentation, including guides, references, and tutorials, and see what it’s like to work with Ocrolus.
Ready to go?
Connect with one of our mortgage automation experts to find out how Ocrolus can help you manage fluctuating demand with ease.
Helpful resources
Frequently asked questions
Mortgage process automation is an intelligent technology-driven process built to improve efficiencies in the mortgage lending process. Automation helps to minimize resources and improve document verification and processing, enabling faster, data-driven mortgage loan processing.
Robotic process automation (RPA) is a form of automation technology replicating the actions customarily carried out by humans in the mortgage lending process. It uses algorithms and software to automate repetitive tasks that involve structured data or rule-based processes. RPA doesn’t require extensive programming knowledge, making it easier for non-technical personnel to use. RPA can be adjusted as needed, allowing lenders to tweak the automated task’s timing and effectiveness.
Optical character recognition (OCR) is the ability of machines to convert images of typed text into machine-readable data. Ocrolus’ system takes OCR further in mortgage by intelligently selecting the extraction or OCR tool, which results in very high raw accuracy, then layers in proprietary pattern recognition and machine learning models.
Regardless of document quality, mortgage lenders can use Ocrolus to process and verify many types of mortgage documents such as bank statements, pay stubs, W-2s, IDs, and much more. You can view our full list of supported documents here https://ocrolus.com/supported-documents/.