Ocrolus

Ocrolus: Transforming Mortgage Lending with AI-driven Automation and Accuracy

Ocrolus is revolutionizing the mortgage lending industry by delivering critical value through advanced automation and meticulous accuracy. Our document automation platform aids lenders by powering advanced analytics and enhancing risk assessment, designed to improve loan cycle times and lending team efficiency.

• Automated Document Review and Income Calculations:

• Utilizes AI/ML, computer vision, and human validation to index, sort, and extract data from documents, significantly reducing manual data entry and minimizing error risk.
• Features automated income calculation tools that pre-populate income worksheets directly from borrower documents, facilitating quick and precise income verification.

• Enhanced Efficiency and Accuracy:

• Accelerates the income assessment process, allowing quicker responses to borrowers and more efficient resource use by the lender.
• Implements scalable solutions that integrate directly with platforms like Encompass® by ICE Mortgage Technology®, optimizing credit analysis without compromising quality or swivel chairing to other systems.

• Increased Accuracy and Risk Mitigation:

• Reduces “stare and compare” fatigue by comparing borrower documents with Encompass 1003 application data and automatically identifying discrepancies, enhancing the reliability of outcomes.
• Provides consistent evaluations that help identify undisclosed debts and reduce default risks, promoting fair and unbiased lending decisions.

• Speed and Scalability:

• Supports lenders in managing higher loan volumes through scalable document automation that ensures organized data handling and quick retrieval.
• Lowers loan origination costs and shortens the loan cycle by reducing the need for repetitive communications and manual tasks, enhancing customer experiences with faster service and less back-and-forth.

• Comprehensive and Inclusive Tools:

• Offers standardize calculators for various borrower types and income sources in line with Fannie Mae and Freddie Mac guidelines, ensuring comprehensive coverage and adherence to industry standards.
• Improves decision-making capabilities and fosters a more inclusive approach to mortgage lending by effectively addressing diverse financial situations.

Our commitment to innovation and reliability offers undeniable benefits. By employing advanced technology that merges AI with human oversight, we’re here to ensure that mortgage lenders can operate more efficiently, manage risks effectively, and extend faster, more accurate lending decisions to borrowers. This combination of speed, accuracy, and scalability makes Ocrolus a powerful partner in the mortgage industry.