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Accelerate decisions with trusted data using mortgage automation software
Onboard mortgage documents directly into your LOS for faster decisions and process transparency
Automating bank statement loans
Fluctuating demand in the mortgage industry has challenged lenders to rethink their traditional practices of maintaining a large staff to process mortgage applications and turn to automation technology to better equip themselves to handle the ups and downs of the industry.
Ocrolus provides automated review and analysis of borrower-supplied mortgage documents, returning precisely accurate results directly into your systems. Our mortgage technology provides you with full-stack capabilities: to classify financial documents, capture key data fields, detect fraud, and analyze cash flows, enabling faster, data-driven mortgage loan processing.
Seamlessly extract highly accurate data from borrower mortgage documents with confidence
Eliminate manual data entry
Create structured data from the outset of the borrower journey
Deliver this data natively within your POS or LOS platform
Income calculation; built by underwriters, for underwriters
Leverage income calculation across multiple borrower types
Automate analysis of borrower income documents
Analytics for the modern mortgage lender
Reduce risk of fraudulent mortgage documents through advanced AI
Enable powerful analytics via structured data
Embed compliance analysis into workflows
Building a Trusted and Efficient Automated Mortgage Workflow
Explore our API
Review our API documentation, including guides, references, and tutorials, and see what it’s like to work with Ocrolus.
Get started
Ready to go?
Connect with one of our mortgage automation experts to find out how Ocrolus can help you manage fluctuating demand with ease.
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://www.ocrolus.com/supported-documents/.
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