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 | Capture Support |
|---|---|---|
1003 | Y | Y |
1008 - Transmittal Summary | Y | Y |
4506-T | Y | Y |
1040 | Y | Y |
1040 - Schedule 1 | Y | Y |
1040 - Schedule C | Y | Y |
1040 - Schedule E | Y | Y |
Y | Y | |
1040 - X | Y | Y |
1065 | Y | Y |
1065 - Schedule K-1 | Y | Y |
1065 - Schedule L & M-1 | Y | Y |
Y | Y | |
1120 | Y | Y |
1120 Schedule K-1 | Y | Y |
1120 Schedule L & M-1 | Y | Y |
1120S | Y | Y |
1120S Schedule K-2 | Y | Y |
1120S Schedule L | Y | Y |
1099-INT | Y | Y |
Y | Y | |
Y | Y | |
1099-R | Y | Y |
Appraisal | Y | Y |
Appraisal Notice | Y | |
Appraisal Review | Y | |
Bank Statement | 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 | |
Paystub | 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 |
Updated 6 days ago