More accurately assess the financial state of a borrower with tax bill document processing
Ocrolus’ Human-in-the-Loop document automation solution captures and extracts data from tax bills, enabling you to process loans faster.
Why should lenders use Ocrolus for tax bill data capture and processing?
Loan underwriters process tax bill data to help assess the financial status of an individual or organization. The layout and template for tax bills vary based on their place of issue and they are often delivered in multiple file formats through different sources, such as hardcopy, email, or mobile apps. This poses a challenge for regular OCR solutions, and without a reliable intelligent document processing solution, lending professionals can spend hours manually processing tax bill data. This can lead to data being input incorrectly, which further delays loan approvals.
Ocrolus’ automation solution lets you capture, review, and analyze tax bill data instantly from tax bills delivered in multiple formats. It accurately captures important tax data and identifies any possible fraud, enabling rapid, accurate data-driven decisions.
Advantages of Ocrolus’ tax bill processing
Retrieve data from tax bills regardless of format or quality. With Ocrolus you can:
- Cut turnaround time
- Process multiple tax bills with over 99% accuracy
- Quickly verify an individual or organization’s financial history
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed