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IRS Form 1040 Schedule B (2020) processing

Free up your back-office by automating IRS Form 1040 Schedule B (2020) processing

Ocrolus’ intelligent document processing technology helps you automate the underwriting process by automating IRS Form 1040 Schedule B (2020) processing.

Schedule B 2020

Why should lenders use Ocrolus for IRS Form 1040 Schedule B (2020) data capture and form processing?

Loan underwriters process 1040 Schedule Bs to verify income. IRS Form 1040 Schedule B (2020) reports over $1,500 of taxable interest or ordinary dividends, interest from a seller-financed mortgage when the buyer used the property as a personal residence, and/or accrued interest from a bond.

Ocrolus’ end-to-end automated IRS Form 1040 Schedule B processing solution provides a better borrower experience by speeding up the entire underwriting process and empowering lenders to make smarter decisions with trusted, accurate data.

Advantages of Ocrolus’ automated IRS Form 1040 Schedule B (2020) processing

Retrieve data from 1040 Schedule Bs regardless of format or image quality
  • Verify borrower income in minutes
  • Develop robust, data-driven income assessments 
  • Increase originations with an expedited underwriting process
Ocrolus’ 2021 document processing stats
91M

financial pages analyzed

344K

documents flagged for suspicious activity

8.8M

business loan applications analyzed

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Find out how we can help you automate 1040 Schedule B processing.

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