Capture data from bank statements with unparalleled accuracy
Ocrolus’ Human-in-the-Loop document processing automation solution captures and extracts data from bank statements to help you make smarter, faster lending decisions.
Extract data from tables in bank statements and transform them into excel of JSON to unlock insights.
Why should lenders use Ocrolus for bank statement data capture and form processing?
Loan underwriters process bank statements to verify borrower income. Without a reliable intelligent document processing solution, lending professionals spend hours manually processing bank statement data to verify a borrower’s income, often resulting in human error and inaccuracies.
Ocrolus automated bank statement processing solution provides a better borrower experience by speeding up the entire underwriting process and empowering underwriters to make smarter decisions with trusted, accurate data.
Advantages of Ocrolus’ automated bank statement processing
Retrieve data from bank statements regardless of format or image quality
- Verify borrower income in minutes
- Develop robust, data-driven income assessments
- Increase originations with an expedited underwriting process
- Identify suspicious activity and potential fraud with tampering detection
“We saw savings of over two hours of underwriter review time per mortgage.”
– Patrick Sheedy, AVP & Credit Officer, Excelerate Capital
Discover how Excelerate Capital brought bank statement automation into the underwriting process with the Ocrolus integration
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed