Automate H-1B visa processing to close loans faster
Ocrolus’ Human-in-the-Loop document automation solution captures and extracts data from H-1B visas to help you speed up loan processing.
Why should lenders use Ocrolus for H-1B visa data capture and processing?
The H-1B is a visa issued in the U.S. under the Immigration and Nationality Act, section 101(a)(15)(H). It allows U.S. employers to temporarily employ foreign workers in specialty occupations. When holders of an H-1B visa apply for a loan, the loan underwriter will want to verify the status of their H-1B visa as part of their loan eligibility assessment. The loan applicant can supply this form as a hard copy or via multiple file formats delivered via email or an app. Without a reliable intelligent document processing solution, lending professionals are forced to manually input the data from H-1B visas into their systems. This can lead to mistakes being made and loan applications being delayed or even refused.
Ocrolus’ automation solution lets you capture, review, and analyze H-1B visa data in real-time from visas delivered in multiple formats. It accurately captures crucial data to enable rapid data-driven decisions.
Advantages of Ocrolus’ H-1B visa processing
Retrieve data from H-1B visas regardless of format or quality. With Ocrolus you can:
- Approve loans faster
- Process H-1B visas with over 99% accuracy
- Quickly verify an individual’s immigration status
- Identify suspicious activity and potential fraud with tampering detection
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed