Whether you were naughty or nice, there’s one thing we know for sure:
Nobody has time for manual line-by-line review in 2019.
Secure your spot on the nice list by automating your underwriting.
5 WAYS OCROLUS WILL HELP YOU SECURE A SPOT ON THE NICE LIST IN 2019:
Fund more deals with faster processing speed
Ocrolus makes it possible to analyse more forms of documentation than ever. Even cell phone images can now be read and digitised effectively. Yes, Ocrolus automation can process those – and any financial document you can think of, including bank statements, pay stubs, and IDs. By offering this kind of flexibility to loan applicants, you can expand your origination funnel from the very top.
Increase accuracy and leverage new analytics
Once untraceable, transaction-level data is now readily available. Cash-flow analytics are an output of our platform and can be delivered automatically into your Loan Origination Model or CRM. Cash-flow analysis is far more effective than FICO score in quantifying risk, so we encourage lenders to use it to inform smarter decisions.
Embrace sophisticated fraud detection
Sophisticated Fraud Detection is expected to grow by 50% in the next two years. By incorporating technology like ours, your processes can better identify and stop fraud in its tracks.
Reduce costs through automation
Back-office operations are notoriously labor-heavy and cost-intensive. Artificial intelligence is rapidly disrupting these processes, enabling streamlined workflows and superior efficiency.
Improve documentation for regulators and investors
Stakeholders look at online lending data with more diligence than ever. With improved documentation and enhanced visibility into your credit decisions, you will ease the minds of regulators and increase investor confidence with built-in audit trails via Ocrolus automation.