Fluctuating interest rates and inventory in recent years have created volatility in the mortgage industry, leading mortgage lenders to seek technologies that allow them to automate processes with scale and accuracy. Many lenders have turned to Ocrolus to help them automate previously manual processes and scale their operations more efficiently.
"After a significant slowdown in 2023, mortgage lenders are expecting increasing demand in the coming year, meaning they must prepare to scale their operations to remain competitive," said Sam Bobley, Co-founder and CEO of Ocrolus. "Ocrolus provides lenders with a complete and trusted solution for document analysis, enabling them to adapt to industry volatility without the need to adjust staffing or other resources."