Inspect helps expedite loan processing and reduce origination errors by automatically identifying and resolving data discrepancies between borrower-submitted documents and application data. This builds on Ocrolus' existing validation features for income and employment data, with new capabilities including verification of asset, residence and liability data.
"After a long period of high interest rates and slower activity, lenders are gearing up for an increase in volume in the coming year," said Sam Bobley, Co-Founder and CEO of Ocrolus. "Lenders need to prepare now by integrating automated solutions and training their teams so they can compete and thrive as volume continues to grow."