Ocrolus Stock

ocrolus.comFinTech / LendingFounded: 2014Funding to Date: $156.73MM

Ocrulus is a document automation platform for the digital lending ecosystem. The company provides document analysis infrastructure to automate credit decisions across fintech, mortgage, and banking.

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News Highlights

Ocrolus Enhances its Mortgagetech
Ocrolus has updated its dashboard for mortgage lenders, allowing both wholesale and direct lenders to improve their loan origination workflow. The enhanced dashboard also automates complex income calculations for traditional and self-employed borrowers. The New York-based company, which has raised $127 million for its AI-powered document automation platform, believes this technology will reduce processing times, minimize risk, and increase profit margins for lenders.
FinovateFall 2023 Sneak Peek: Ocrolus
Ocrolus plans to demonstrate its full suite of capabilities at FinovateFall in New York, including its highly accurate document capture data, fraud detection, and cash flow analytics. The company aims to empower lenders to digitize and automate their lending processes, making smarter decisions and optimising their operations.
Ocrolus Adds OpenAI GPT Embeddings for Deeper Automation in Financial Document Analysis
Ocrolus, a leader in AI-driven document automation for lending decisions, has integrated GPT embeddings from OpenAI into its technologies. This strengthens Ocrolus' ability to process semi-structured and unstructured documents, such as bank statements and mortgage applications, without human involvement. The move consolidates Ocrolus' position as a leading provider of automation solutions for small business, mortgage, and consumer lenders.
Updated on: May 21, 2024

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