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"Before teaming up with Ocrolus, our team members spent over four hours per week manually relabeling documents and an equal or greater amount of time verifying income."
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"We're enhancing the Blend platform with Ocrolus' automated, accurate document classification and data extraction capabilities. Our partnership with Ocrolus enables us to swiftly deliver time-saving innovations to our customers.”
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“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.”
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"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."
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"We believe in spending our money in smart ways, and Ocrolus has proven to be a very good buying decision.”
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"It created inefficiencies that impacted our ability to scale."
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“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.”
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“This is where Ocrolus really shines. eCommerce entrepreneurs don’t want to spend time recreating statements on other platforms if they can’t make the aggregator connection. With Ocrolus, they can easily upload bank statements, and in under two hours we have the data digitized and (more importantly) analyzed against the risk …
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“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.”
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“Ocrolus has been so easy to work with; we’ve been able to scale Operations by implementing Ocrolus.”
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“Maintaining customer service standards with manual data review at the beginning of the process was proving expensive."
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"These two products together are great for lenders so that they really have a full suite income verification product that everybody can use."
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“When a business owner’s pizza oven breaks, they can’t afford to wait 30-45 days for a conventional commercial loan—they need funds immediately."
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"Ocrolus has streamlined the process by implementing tag capabilities. This ensures consistent income calculations across different employees, eliminating potential discrepancies that may arise when manually determining what qualifies as income. With the tag functionality, everyone follows the same standardized method, resulting in accurate and uniform income calculations.”
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"We see this as the next frontier of lending innovation where full stack lending platforms like Lendflow partner with data providers like Ocrolus to enable lenders and fintechs to fully automate and optimize their entire lending operations.”