Seamlessly process mortgage statements with the Ocrolus API
Ocrolus’ Human-in-the-Loop document automation solution captures and extracts data from mortgage statements to help you make smarter, faster, and more accurate lending decisions.
Why should lenders use Ocrolus for mortgage statement data capture and processing?
Loan underwriters process mortgage statement data to help verify a borrower’s financial status and history. They often have to process multiple mortgage statements quickly, but the layout of mortgage statements vary considerably between different providers, posing a challenge for many OCR solutions. Without a reliable intelligent document processing solution, lending professionals could spend hours manually processing mortgage statement data. This can lead to human error and delayed loan decisions.
Ocrolus’ automation solution lets you capture, review, and analyze data from mortgage documents in real-time. It accurately captures key data and identifies potential fraud, enabling rapid, data-driven decisions.
Advantages of Ocrolus’ mortgage statement processing
Retrieve data from mortgage statements regardless of format or quality
- Cut turnaround time
- Process multiple mortgage statements with over 99% accuracy
- Quickly verify customer repayment history
- Reduce the risk of fraud
- Embed compliance analysis into workflows
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed