Make faster, more accurate lending decisions with automated IRS Form Schedule C (2021) processing
Remove bottlenecks caused by manual document processing and provide a better borrower experience with Ocrolus intelligent automation for IRS Form Schedule C (2021).
Why should lenders use Ocrolus for IRS Form 1040 Schedule C (2021) data capture and form processing?
Lenders process 1040 Schedule Cs to verify the income of businesses. IRS Form 1040 Schedule C (2021) reports income or loss from a business the filer operated or a profession the filer practiced as a sole proprietor.
Ocrolus’ end-to-end automated IRS Form 1040 Schedule C 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 C (2021) processing
Retrieve data from 1040 Schedule Cs 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
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed