Ocrolus is an AI-driven document processing automation tool with Human-in-the-Loop that helps lenders boost efficiency and improve accuracy in decision-making. The tool analyzes documents with precision by sorting financial documents using machine learning, extracting and structuring data using computer vision, and identifying suspicious activity with tampering detection and validation. The platform can classify, capture, detect and analyze data, making it easier to evaluate financial health, calculate income for consumers with diverse employment profiles, extract and validate address information, retrieve employment data, and establish and confirm identity using multiple document types.
The tool is useful for small business lending, consumer, mortgage, auto lending, equipment leasing, forensic accounting, and property management industries. It supports different document types, including bank statements, pay stubs, W2s, 1040s, driver's licenses/IDs, passports, mortgage statements, and 1008s. Ocrolus resources include whitepapers, eBooks, videos, customer stories, support for developers, a help center, demo, and a free trial.
Ocrolus works with machine learning algorithms that enable lenders to quickly retrieve data from any file, regardless of format or image quality, thus, eliminating manual review and "stare and compare" work. The platform helps boost compliance by protecting data with bank-level security and a robust audit trail. Ocrolus technology has been recommended by several customers, including Jim Granat, President of SMB Lending and Senior Vice President, Enova International.
By improving financial health and helping lenders manage risks and fraud while promoting transparency, Ocrolus can provide a viable solution for lenders that want to optimize their ability to make financial decisions quickly with AI. Ocrolus also helps to bolster compliance and provides top-notch resources to help customers navigate the tool optimally.