"Underwriters had to manually rename documents and put them into the right places in the E-folder of Encompass®. It created a lot of friction before they could even begin underwriting."
“Ocrolus has been so easy to work with; we’ve been able to scale Operations by implementing Ocrolus.”
“We saw in Ocrolus this magical technology.”
"Ocrolus is helping us help our clients. It allows them to process more documents faster so they can then reallocate that human capital in other areas of the mortgage underwriting process that cannot be automated.”
"These two products together are great for lenders so that they really have a full suite income verification product that everybody can use."
"Ocrolus unlocks data trapped on documents, addressing one of our core issues in operations: We need quality, consistency and accountability in data; this was tough to achieve with manual data entry. Ocrolus solves that problem by pulling data operationally at scale and consistently delivering quality data."
“Maintaining customer service standards with manual data review at the beginning of the process was proving expensive."
"Ocrolus helps us provide preliminary approvals more quickly, saving our underwriters, partners and prospects precious time.”
"With the homogeneous platform that we’ve built to maximize for speed and interoperability, we were able to spring into action to better serve small businesses.”
“Building BlueVine’s risk infrastructure is an iterative process. It has helped us steadily expand our reach in unprecedented times, making us stronger, smarter, and even faster in financing small businesses.”
"We’d have to get six months of bank statements and use a highlighter to determine what we’re adding and what we’re not. It was a difficult process with a lot of inconsistency from one staff member to another."
“We needed to ensure the legitimacy of the statements we received, especially with the rising incidents of fraud.”
"In a recent case with a family member acting as power of attorney for an elderly relative, Ocrolus was phenomenal in converting a year’s worth of the victim’s bank statements into an Excel spreadsheet, so I could discover several large, questionable purchases. The impeccable accuracy is also critical because this data later becomes evidence in a court case.”
"Ocrolus has revolutionized our application process by successfully reducing our processing team from five individuals to one, particularly in the 20 to 100 applications requiring pay stubs. Considering the 50% to 100% annual growth rate, these efficiency gains could translate into significant savings over the next five years.”
“In a world where getting better returns is front and center for CEOs and CFOs of large financial institutions, Ocrolus is a surefire way to reduce costs, improve effectiveness, and create an immutable audit trail.”