Automate title report processing and close loans faster
Ocrolus’ Human-in-the-Loop document automation solution captures and extracts data from title reports to help you make faster knowledge-based lending decisions.
Why should lenders use Ocrolus for title report data capture and processing?
Loan underwriters process title report data to check the ownership and history of a property’s title. A loan cannot be processed before a title report is approved. The layout and template for title reports, however, varies based on the providers’ specifications. This poses a challenge for typical OCR solutions, and without a reliable intelligent document processing solution, lending professionals can spend hours manually processing title report data. This can lead to human error, which unnecessarily delays asset valuation and loan approval.
Ocrolus’ automation solution lets you capture, review, and analyze title report data in real-time from reports delivered in multiple formats. It accurately captures key data and identifies potential fraud, enabling rapid, data-driven decisions.
Advantages of Ocrolus’ title report processing
Retrieve data from title reports regardless of format or quality.
- Cut turnaround time
- Process multiple asset statements with over 99% accuracy
- Quickly verify an individual’s assets
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed