Leverage intelligent automation for W2 data capture and document automation
Ocrolus supports document classification and data extraction of W2 forms for faster, more accurate lending decisions. Our Human-in-the-Loop automation solution processes and analyzes W2s with over 99% accuracy.
Why should lenders use Ocrolus for W2 data capture and form processing?
Loan underwriters process W2s to verify borrower income. Without a reliable intelligent document processing solution, lending professionals spend hours manually processing W2 data to verify a borrower’s income, often resulting in human error and inaccuracies.
Ocrolus automated W2 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 W2 processing
Retrieve data from W2 regardless of format or image quality
- Verify borrower income in minutes
- Develop robust, data driven income assessments
- Increase originations with an expedited underwriting process
- Identify suspicious activity and potential fraud with tampering detection
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed