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Ocrolus vs. LoanBeam

Ocrolus is the LoanBeam Alternative That Accelerates Mortgage Decisions & Automates Borrower Documents Directly Into Your LOS or CRM

Ocrolus

Ocrolus is a complete enterprise solution that automates the capture and analysis of mortgage documents, replacing inefficient manual data entry and review with a single, seamless API. Ocrolus identifies borrower-supplied mortgage documents, captures critical data, and returns machine-calculated and human-verified results directly into your LOS or CRM platform. Mortgage originators make smarter, faster loan approvals by using Ocrolus to accelerate, optimize, and secure their underwriting process. The solution offers immediate and measurable ROI with no machine learning model training required and a simple API integration set-up.

LoanBeam

LoanBeam reduces the time loan officers, processors and underwriters spend calculating and reviewing the qualifying income of a borrower with automated income analysis. LoanBeam is a tool that scans mortgage documents to calculate and validate income from tax and income documents.

Ocrolus vs LoanBeam at a glance

Ocrolus and LoanBeam are both leading mortgage automation solutions. Digging deeper, there are significant differences that make Ocrolus stand out.

LoanBeam Alternative Comparison Chart with Ocrolus

Top reasons why Ocrolus is the best LoanBeam alternative

  • Ocrolus classifies and transforms over 50 document types, automatically indexing mortgage origination documents and mapping them back into Encompass or your LOS. LoanBeam supports a limited set of mortgage document types and can only upload PDF and TIFF formats.
  • The Ocrolus solution can handle mortgage documents – from any format – for verification of income, employment, assets, and applications, along with tax documents. LoanBeam only handles income verification and calculation from tax and wage documents.
  • By using data points from its robust lender network, The Ocrolus Machine Learning Networks provides aggregate data across the Ocrolus client base, continuously improving performance across the whole.

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Nigel

We saw in Ocrolus this magical technology.”

– Nigel Morris, Co-founder, Capital One