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IRS Form 1040s processing

Classify, extract and analyze data from 1040 forms in minutes with end-to-end intelligent document processing

Ocrolus supports document classification and data extraction of IRS Form 1040s for faster, more accurate lending decisions. Our Human-in-the-Loop automation solution processes and analyzes a variety of 1040 forms with over 99% accuracy.

1040s

Why should lenders use Ocrolus for IRS Form 1040 data capture and form processing?

Loan underwriters process IRS Form 1040s to verify borrower income. Without a reliable intelligent document processing solution, lending professionals spend hours manually processing 1040s to verify a borrower’s income, often resulting in human error and inaccuracies.

Ocrolus’ automated IRS Form 1040 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 IRS Form 1040 processing

Retrieve data from tax forms regardless of format or image quality
  • Verify borrower income in minutes
  • Develop robust, data driven income assessments
  • Increase originations with an expedited underwriting process

IRS Form 1040 types we capture, process & analyze

1040

1040 Schedule 1

1040 Schedule 2

1040 Schedule 3

1040 Schedule 4

1040 Schedule 5

1040 Schedule 6

1040 Schedule 8812

1040 Schedule A

1040 Schedule D

1040 Schedule EIC

1040 Schedule F
& more

mix 1040
Ocrolus’ 2021 document processing stats
91M

financial pages analyzed

344K

documents flagged for suspicious activity

8.8M

business loan applications analyzed

Ready to go?

Find out how we can help you automate 1040 form processing.

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