Automate Form 1125A processing to make faster knowledge-based lending decisions
Ocrolus’ Human-in-the-Loop document automation solution captures and extracts data from Form 1125A documents to help you make faster knowledge-based lending decisions.
Why should lenders use Ocrolus for Form 1125A data capture and processing?
Form 1125A is issued to calculate and deduct the cost of goods sold for certain entities. Loan underwriters process form 1125A data to help verify an individual or an organization’s worth and financial history. This form is often delivered in multiple file formats through different sources, such as email or mobile apps, and the quality of the image on the form can be poor. This poses a challenge for traditional OCR solutions, and without a more reliable and integrated intelligent document processing solution, lending professionals can spend hours manually inputting Form 1125A data. This reptitive task can lead to a rise in human error rates, and as a result, this can delay the loan process.
Ocrolus’ automation solution lets you capture, review, and analyze data from Form 1125A in real-time. It ensures that all data from this form is accurately captured, meaning that more accurate loan decisions are reached faster.
Advantages of Ocrolus’ Form 1125A processing
Retrieve data from Form 1125A documents regardless of format or quality. Ocrolus helps you:
- Cut turnaround time
- Process multiple Form 1125A documents with over 99% accuracy
- Quickly verify a customer’s financial history
- Reduce the risk of fraud
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed