We offer a variety of solutions for mortgage providers that revolve around document classification, data extraction, and data analysis. We classify, collate, and capture data fields from qualified and non-qualified mortgage applications. These capabilities are offered through 3 channels:
- Ellie Mae Encompass Integration
- Ocrolus Web App
- Direct API Integration
One example use case is that of a loan processor receiving a correspondent loan package:
- Determining which documents are present in the application and if any are missing
- Classifying all received documents into their document repository
- Transposing all necessary data from the documents into the loan origination system (LOS)
- Running calculations on the provided data around the borrowers credit worthiness
- Income Analysis
- Verification of Income
- Income Calculators
- Asset Analysis
- Credit Analysis
With our suite of products, this entire process can be automated. We can classify mortgage documents, produce an application completeness report, extract all necessary data from the provided documents and run a variety of calculations and analytics on the extracted data.
Below are a list of common mortgage origination form types that we support out-of-the-box. We works with mortgage originators to expand form type support through its 3 phase Encompass integration process, whereby:
- We connect into the Lender's Encompass instance to learn document taxonomy
- Lender's document taxonomy is mapped into standard Ocrolus form types
- Ocrolus data capture elements are mapped into customer or standard Encompass data fields.
Ocrolus Form Type | Document Classification | API Capture Support |
|---|---|---|
1003 | Y | Y |
1008 - Transmittal Summary | Y | Y |
4506-T | Y | Y |
Y | Y | |
Y | Y | |
Y | Y | |
Y | Y | |
Y | Y | |
1040 - X | Y | Y |
Y | Y | |
Y | Y | |
Y | Y | |
Y | Y | |
Y | Y | |
Y | Y | |
Y | Y | |
Y | Y | |
Y | Y | |
1099-INT | Y | Y |
Y | Y | |
Y | Y | |
1099-R | Y | Y |
Appraisal | Y | Y |
Appraisal Notice | Y | |
Appraisal Review | Y | |
Y | Y | |
Change of Circumstance | Y | |
Closing Loan Document Request | Y | |
Conditional Approval | Y | |
Credit Report | Y | Y |
Deed of Trust | Y | |
Disclosure | Y | |
Driver's License | Y | Y |
Earnest Money Deposit (EMD) | Y | |
Fraud | Y | |
H1B | Y | |
Homeowner's Insurance Policy | Y | |
I-797 | Y | |
Income Calculator | Y | |
Y | Y | |
Large Deposit Explanation | Y | |
Letter of Explanation | Y | |
LLC Corporation Documents | Y | |
Loan Asset Summary | Y | |
Loan Submission | Y | |
Lock Confirmation | Y | |
Mortgage Note | Y | Y |
Passport | Y | Y |
Payoff Statements | Y | |
Y | Y | |
Permanent Resident Card | Y | |
Purchase Contract | Y | Y |
Social Security Card | Y | Y |
Verbal Verification of Employment | Y | |
Y | Y | |
Y | Y | |
Wiring Instructions | Y | |
Affidavit of Occupancy | Coming April 2021 | |
Amortization Schedule | Coming April 2021 | |
Anti-Steering Safe Harbor Disclosure | Coming April 2021 | |
Applicant Certification Regarding Forbearance of Obligations | Coming April 2021 | |
ARM Disclosure | Coming April 2021 | |
Borrower Affirmation of Information Provided to Establish ATR | Coming April 2021 | |
Borrower Certification of Business Purpose | Coming April 2021 | |
Borrower Consent to the Use of Tax Return Information | Coming April 2021 | |
Borrower's Certification and Authorization | Coming April 2021 | |
Closing Disclosure | Coming April 2021 | |
Compliance Agreement | Coming April 2021 | |
Credit Score Disclosure | Coming April 2021 | |
Credit Score Information Disclosure | Coming April 2021 | |
Equal Credit Opportunity Act Notice | Coming April 2021 | |
Fair Credit Reporting Act | Coming April 2021 | |
First Payment Letter | Coming April 2021 | |
Flood Hazard Determination | Coming April 2021 | |
Hazard Insurance Authorization Requirements and Disclosure | Coming April 2021 | |
Initial Escrow Account Disclosure Statement | Coming April 2021 | |
Notice of Furnishing Negative Information | Coming April 2021 | |
Notice of Right to Cancel | Coming April 2021 | |
Signature Name Affidavit | Coming April 2021 | |
USA Patriot Act Information Disclosure | Coming April 2021 | |
Certificate of Liability Insurance | Coming April 2021 | |
Closing Protection Letter | Coming April 2021 | |
Compliance Report | Coming April 2021 | |
Exception | Coming April 2021 | |
Fee Worksheet | Coming April 2021 | |
Flood Certificate | Coming April 2021 | |
Gift Letter | Coming April 2021 | |
Mortgage Findings | Coming April 2021 | |
Mortgage Statement | Coming April 2021 | |
Pension Award Letter | Coming April 2021 | |
Portfolio Statements | Coming April 2021 | |
Preliminary Title Report | Coming April 2021 | |
Profit and Loss Statement | Coming April 2021 | |
Property Detail Report | Coming April 2021 | |
Purchase Advice | Coming April 2021 | |
Rental Agreement | Coming April 2021 | |
Service Provider List | Coming April 2021 | |
Social Security Administration Authorization | Coming April 2021 | |
SSA-1099 | Coming April 2021 | |
Tax Bill | Coming April 2021 | |
Tax Info Sheet | Coming April 2021 | |
Tax Transcript | Coming April 2021 | |
Title Insurance Policy | Coming April 2021 | |
Verification of Rent | Coming April 2021 |
Updated 7 days ago