NEW YORK & MALVERN, PA — Ocrolus and Entech have formed a strategic partnership aimed at transforming the lending application process. By integrating Ocrolus’ intelligent document processing technology with Entech’s loan origination platform, the collaboration delivers faster, more accurate loan application reviews while automating manual processes and reducing operational bottlenecks.
The partnership is designed to address the increasing demand for efficiency and accuracy in loan origination. Ocrolus’ AI-driven technology automates critical elements, such as income and employment verification, which are traditionally reliant on time-intensive manual reviews. Entech’s platform incorporates these capabilities to create a seamless, scalable workflow for lenders, leading to substantial operational improvements.
One lending client, previously burdened with over 30,000 manual application reviews each year, reported a 60% improvement in document processing efficiency after utilizing the combined solution. This resulted in accelerated loan approvals, reduced costs, and enhanced borrower experiences, demonstrating the partnership’s tangible benefits.
The integration also strengthens compliance and risk management through advanced fraud detection and built-in security controls. These features not only streamline operations but also improve decision-making confidence for lenders operating in a competitive market.
Looking ahead, Ocrolus and Entech plan to enhance their collaboration by introducing automation for additional document types and expanding efficiencies across new lending workflows. This joint effort underlines their shared vision of leveraging AI and automation to drive innovation within the financial services industry.
The partnership promises a future where loan origination is faster, smarter, and more reliable, setting a new standard for efficiency in the lending process.
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