Ocrolus, the document automation platform, announced a new suite of document-centric applications in ICE Encompass intended to speed up the mortgage process by reducing delays due to review queues.

The suite is designed to reduce loan approval times, and therefore mortgage cycles, by 7-10 days; ensure accurate data; reduce bias in lending and help perpetuate more inclusivity in borrowing practices; and provide simplicity in its integration. 

The integration includes three new applications for document automation and data capture:

  • DocIndex, to automate document identification, indexing and sorting;
  • DocSnapshot, to verify borrower data in a side by side comparison of extracted data and a Uniform Residential Loan Application within Encompass; and,
  • DocIncome, to streamline income calculations from multiple source documents.
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