July 2024
Release notes
What's new?
Analytics
We have introduced the following new features for the Analytics:
-
You can now expand the Account Summary to view it in detail on a monthly basis. You can select as many accounts as you like and see monthly summary details.Monthly account summary in Dashboard -
You can now filter transactions by comments. This will help you easily find specific details.Filter transactions by comments in Dashboard -
We've introduced a new key to indicateUpdate to Book Summary Metrics Metadatamissing_period_data
. This key is set totrue
if the bank statement lacks a begin date/balance or an end date/balance, andfalse
otherwise. Additionally, when period data is missing, we now exclude any transactions related to that period when calculating balance summary-related metrics.
Mortgage
Analyze changelog
We are excited to introduce a new changelog feature to our Analyze product that will significantly improve the transparency and accountability of borrower income calculations. This feature automatically tracks and records any changes made by loan team members to the field values and calculations initially computed by Ocrolus. This provides a comprehensive audit trail and documents all modifications to enhance data integrity and compliance.
This feature offers the following business benefits:
- Transparency: The changelog offers a clear, detailed record of any adjustments made to income calculations, enhancing the transparency of your lending processes.
- Compliance and Risk Management: With a robust audit trail, you can easily verify the integrity of the data, supporting compliance with regulatory requirements and reducing potential risks.
- Rep and Warranty Relief: It provides the ability to track and verify unaltered calculations and allows Ocrolus to extend Rep and Warranty coverage, offering additional protection for your business.
We are committed to continually improving our products and services. If you have any questions or feedback about the changelog feature, please contact our support team at [email protected]
To learn more, see the Changelog section.
Classify and Capture
New Classify and Capture supported documents
The Classify and Capture supports are enabled for the following newly onboarded documents:
Income/Employment
- Career Data Brief
- Member Data Summary
- VOIE (Finicity) - Finicity Verification of Income and Employment to mirror
To learn more, see the All Supported Documents page.
Classify
New Classify-specific documents support
Classify support is now extended for the various documents. Click the category name below to expand/collapse the list of newly supported documents:
Credit
- Loan Application (generic)
Disclosure
- Affiliated Business Arrangement Disclosure Addendum
- Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards
- Flood Disaster Protection Act
- Notice of Intent to Proceed with Loan Application
- Privacy Policy Notice
- Right to Receive Copy of Appraisal and Valuations Disclosure
Legal
- Credit Agreement
- E-Business Agreement
- Electronic Evidence Summary
- Form 2010 - Notice Required by 11 USC 342(B) for Individuals Filing for Bankruptcy
- Official Form 101 - Voluntary Petition for Individuals Filing for Bankruptcy
- Official Form 106A/B - Schedule A/B: Property
- Official Form 106E/F - Schedule E/F: Creditors Who Have Unsecured Claims
- Official Form 107 - Statement of Financial Affairs for Individuals Filing for Bankruptcy
Mortgage-specific forms
- 1103 (2022) - Supplemental Consumer Information Form
- Homeownership Counseling Organization List
- Mortgage Fraud is Investigated by the FBI Disclosure
- Title Order Form
Other
- Hardship Withdrawal Form
- USA Patriot Act Information Form
Property
- Construction Contract
- Homeowner Insurance Quote
- Listing Information
Tax forms
- Federal Tax Withholdings Attachment
- Form 1040 - Tax Return Reconciliation Worksheet
- Married Filing Jointly vs. Married Filing Separately Comparison
- Schedule K-1 - Partner's Schedule K-1 Activity Worksheet
- Tax Return Transcript
- Wages And Salaries Summary Attachment
To learn more, see the All Supported Documents page.
Enhancements
Detect - Dashboard
Color scale updates for Authenticity Score
We've updated the color scale for the Authenticity Score in the Dashboard:
- 0-30: VERY LOW authenticity displayed in dark red
- 31-60: LOW authenticity displayed in light red
- 61-80: MEDIUM authenticity displayed in yellow
- 81-100: HIGH authenticity displayed in green
Only scores of 81 and higher will be portrayed in green. Notably, scores for image-based documents, which are capped at a maximum Authenticity Score of 80, will no longer be shown in green. We recommend extra caution when accepting and reviewing any documents that are not in the format of an e-PDF.
Note
The score and its underlying components remain unchanged.
To learn more about the Authenticity Score, see the Authenticity score page.