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Ocrolus XSV can be used to match names, dates, numeric values or calculations with classification rules that can be exact matches or selectable confidence levels. Prior to XSV, this information is usually verified by loan originators in a “stare and compare” document to screen review supported by manual calculations.
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“Cross Source Validation will help lenders compress origination timelines and increase staff efficiency while improving loan review analysis,” said Vikas Dua, Chief Operating Officer of Ocrolus. “Ensuring that borrower information is correct without unnecessary delays has a significant impact on customer satisfaction and lender productivity.”
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