Make smarter, more informed decisions with automated property appraisal data extraction
Ocrolus’ Human-in-the-Loop document automation solution captures and extracts data from property appraisals to help you make quick and smart borrowing decisions.
Why should lenders use Ocrolus for property appraisal data capture and processing?
Loan underwriters process property appraisal data to get an unbiased opinion of a property’s value. This helps them to decide on the loan amount. Typically, a loan cannot be processed before a property appraisal is approved. However, the layout and template for property appraisals can vary based on the providers’ specifications. This poses a challenge for typical OCR solutions, and without a reliable intelligent document processing solution, lending professionals can spend hours manually inputting property appraisal data.
Ocrolus’ automation solution lets you capture, review, and analyze appraisal data in real-time from appraisals delivered in multiple formats. It accurately captures key data and identifies potential fraud, enabling rapid, data-driven decisions.
Advantages of Ocrolus’ appraisal processing
Retrieve data from property appraisals regardless of format or quality.
- Cut turnaround time
- Process property appraisals with over 99% accuracy
- Quickly verify a property’s worth
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed