Analyze uses Ocrolus APIs to calculate income using data extracted from borrower-provided documents. Within the Ocrolus Dashboard, you can review calculations, trace the source of the data, and make any adjustments you need, all without leaving your main system. Ocrolus has partnered with industry experts and its customers to fine-tune these calculations, ensuring they align perfectly with investor guidelines.

Supported income types

Currently, Analyze uses data from the uploaded documents to calculate below types of income:

• Wage earner income
• Self-employed income
• Rental income
• Other income

Ocrolus Dashboard: Income tab

To navigate to the Income tab within the Ocrolus Dashboard, perform the following steps:

1. Log in to the Ocrolus Dashboard.

2. Click on the Book for which you want to view the analyzed result.

   

3. Click on the Income tab.

   

4. The Income page includes tabs for Wage Earner income, Self-Employed income, Rental income, and Other income. Select the tab that matches the relevant income source for the selected Book. For example, if the income primarily comes from wages, select the Wage Earner tab. If the income is from self-employment, select the Self-Employed tab. If it's rental income, select the Rental tab. If the income doesn't fit any of these categories, select the Other tab.

   

Aggregated Income Summary

The Income summary page presents a consolidated view of all income types linked with all the borrowers, allowing users to access comprehensive financial information quickly and efficiently.

By clicking on specific income entries, you can drill down into more detailed views to understand individual income streams.

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Note

The income summary page filters out inactive employers or employers with paystubs older than 60 days.

You can also unselect any borrower to be not included in the total income calculation. To include or exclude a borrower from the total book-level income calculation, select or deselect the checkbox next to their name.

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Ocrolus alerts

In some cases, Ocrolus may not be able to calculate information accurately, or even at all for a particular borrower income. When this happens, Ocrolus provides details through alerts and messages.

Multiple borrowers and employers

In cases where multiple borrowers are identified through the documents uploaded in Ocrolus, income is calculated separately for each borrower-employer pair. These pairs will be visible in the relevant Wage Earner or Self-Employed tab and can be accessed using the dropdown menu.

Merge borrowers, employers, and properties

In rare instances, Ocrolus might fail to recognize that two different variations of an employer's or a person's name refer to the same entity. In such cases, Ocrolus provides an option to manually merge these name variants. After merging, the calculations can be rerun using all related documents.

To merge two employers or two persons, perform the following steps:

1. Select the Merge employer option from the dropdown.

   

2. Once the pop-up window appears, select the names you would like to merge and then select the entity name you would like to keep as the correct source.

   

3. Once merging is complete, the system will automatically rerun the using the relevant documents related to the merged entity. You can always reset this merge function by clicking on the dropdown and selecting Reset all merges.

   

Checking the source document

On the right side of the income calculation, a panel displays the document sources utilized for each borrower and employer/business pair during the income evaluation. You can opt to include or exclude income sources anytime using the checkboxes.

For example, if you’re reviewing the Book in April and the latest tax forms become available, you can deselect the outdated year, select the updated version(s), and click Apply to recalculate the income using the newly selected sources.

In the below screenshot, the Sources navigation panel displays the documents used for the given income evaluation. Some light descriptions are provided to best differentiate between each form. Checkboxes are displayed on the left-hand side of the form name, which allows you to exclude or include the given source in the income evaluation.

You can also inspect the documents more closely via a hover feature, or a full-page view by clicking on the hovered image.

View data origin

When hovering over any prefilled input value within the worksheet, you will see a hovered image of the data source and an option to Click to view origin. When you click on the value, an image will appear of the document from which it was extracted, with the value highlighted on the image for quick recognition. This allows end users to check the source of each input value, ensuring data accuracy and integrity.

Editing values

There are multiple ways of editing values and income computation within the dashboard. Such as:

• By modifying the input source: By adjusting the input source, you can select the documents to be utilized for the calculation. Refer to the Checking the source material section for detailed information on how to modify input sources to regenerate income.

• By editing values directly: Any data field within the income worksheet can be modified. When hovering over a field within the worksheet, you will see a pencil icon on the right side of the cell. Click within the cell to modify the calculation.

  

While making modifications to input values, all applicable calculations will automatically be modified. To save your changes, click the Save button in the upper right-hand corner. You can also reset all the values if required by clicking on the Reset All Values from the dropdown list.

Import income into Encompass

With Ocrolus for mortgage lenders, the users using the Analyze solution for income calculations, and the integration with Encompass LOS can import income values directly into Encompass Verification of Employment (VOE) fields. The import of income calculated by Ocrolus will update existing VOE entries for any existing employment and provide you the ability to create new VOE entries in Encompass using the Ocrolus dashboard.

Import income values for existing employees

To write back income values to the Encompass Verification of Employment fields, perform the following steps:

1. Click the IMPORT TO ENCOMPASS button.

   

2. The Import to Encompass popup appears. Evaluate existing Encompass data against Ocrolus income data within the popup.

   

3. From the Ocrolus dropdown menu in the popup, select the appropriate borrower and employer mappings for which you intend to import income.

4. Verify the presence of existing income values in Encompass for the selected Verification of Employment (VOE) entry. This will allow you to designate which values will be overridden upon import.

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   Note

   The import menu lists all the Encompass & Ocrolus borrowers and Employers. Select the borrower name and employer name from the Ocrolus dropdown menu to import the values back into Encompass for the respective VOE entry.

5. Click the Import button to initiate the import process.

6. Once the import operation is complete, verify that the values have been successfully updated in the Encompass VOE data fields.

   

Create a new employer

In case Ocrolus has identified more employers than the ones present in Encompass, you can add a new VOE entry from the Ocrolus Dashboard.

To create a new employer, perform the following steps:

1. Click on the Add Employer option within the Import modal and add the new employer name.

   

2. Once the new employer is entered, you will be able to map any of the Ocrolus-identified employers to this name and import the values back into Encompass.

3. Once the new employment is added, you will follow the same steps above to verify information successfully imported to Encompass VOE fields.

Export the worksheet

To print a PDF copy of the worksheet, click the Export dropdown menu and select the PDF link for Income Data. This will print a PDF copy of the complete worksheet, including copies of the supported sources used for the income calculation.