“We saw savings of over two hours of underwriter review time per mortgage. Excelerate Capital looks beyond a single score and broadens our search to include context and adaptability. Providing our team with timely, reliable data from borrower documents means they can focus on customer service.”
“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.”
“Ocrolus has been so easy to work with; we’ve been able to scale Operations by implementing Ocrolus.”
“Now we process over 90 percent of our applications within 30 minutes. Processing applications within that time frame is definitely a remarkable achievement, and we were the first in the industry to do it. That was only made possible with Ocrolus.”
“Humans make errors. It happens all the time; humans cannot always decipher what is relevant and not relevant; humans get tired.”
“The impact of Ocrolus on our organization, and most notably to the underwriting department, has been nothing short of tremendous.”
“One of the ways that we’re able to service clients best is to mitigate fraud, because the more fraud you have, the higher costs are, the harder it is to service your clients. So with Ocrolus, we have automation, efficiency and fraud prevention.”
“Ocrolus serves as a synergistic plugin for RPA, combining artificial intelligence and crowdsourced validation to analyze financial documents. We’re pleased to partner with Ocrolus on a common mission to drive automation and reduce manual processes.”
“Ocrolus elevated our bank statement capabilities to the next level.”
“We saw in Ocrolus this magical technology.”
"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.”
“We look at Ocrolus’ technology as one of the pillars of how we can introduce efficiencies and add additional compensating controls that are critical to scaling this platform.”
“The challenge was identifying how to use our own technology, develop strong partnerships and most importantly, making the integration with leading technologies as easy and simple as possible."
"Ocrolus helps us provide preliminary approvals more quickly, saving our underwriters, partners and prospects precious time.”
"In the paper-heavy legal industry, manual data entry is a time-consuming task that can take days, weeks, or even months, depending on the document volume. However, with Ocrolus, all those records are swiftly converted to electronic form. Regarding cost, Ocrolus represents approximately 20% of our previous data entry expenses, resulting in significant cost and time savings.”