Ocrolus Enhances Inspect with New Mortgage Condition Features for Lenders

Ocrolus Unveils New Features for Inspect to Boost Lending Control

In an exciting development for mortgage lenders, Ocrolus, an advanced AI-driven data and analytics platform, announced on July 2, 2025, that it has expanded its Inspect platform with innovative functionalities tailored for managing mortgage conditions. This enhancement is designed to strengthen quality control in lending, allowing users to create and manage specific conditions directly within the platform.

The new feature enables lenders to link conditions to identifiable discrepancies in borrower data, effectively streamlining the document review process. Users can name conditions, associate them with specific discrepancies, and effortlessly sync this information back to the Encompass Form 1003. This functionality not only ensures clear documentation but also facilitates quicker issue resolution, enhancing overall efficiency.

Recognizing that manual verification tasks can be both time-consuming and prone to errors, Inspect aims to automate these processes. It identifies critical gaps between the information provided by borrowers and the supporting documents. As a result, lenders can promptly flag issues that might affect borrower eligibility, regulatory compliance, or raise red flags for potential fraud. By catching missing documents and mismatched data early in the application process, Inspect empowers lenders to maintain better control over loan quality.

Vik Dua, President of Ocrolus, commented, "With the ability to create, sync, and track conditions in Inspect, mortgage lenders now have a robust decision-making engine at their disposal, enabling them to underwrite applications faster and more accurately. Many lenders using our platform report a potential reduction in underwriter touches by up to 75%, while simultaneously doubling their loan processing capability with existing staff."

These new capabilities position Inspect as a comprehensive solution for managing discrepancies, empowering lenders to take decisive actions efficiently. The platform allows teams to stay ahead of underwriting tasks, greatly mitigating friction along the pipeline.

The impact of Inspect's enhancements has already been positively noted by users. Paola Patino, regional processing manager at Neighborhood Loans, stated, "Inspect has transformed how we approach our business. Our opening team utilizes Inspect from the outset of each file to catch discrepancies that may otherwise slip through the cracks—such as misspelled names or incorrect property details. This tool is simply fantastic."

Currently, Inspect is available for users of Encompass® by ICE Mortgage Technology, marking a significant progression in Ocrolus’s offerings for mortgage professionals. The enhancements aimed at improving the lending process are now accessible to Ocrolus’ network of over 130 mortgage lending partners.

For mortgage lenders looking to improve their operational efficiency, Ocrolus remains committed to delivering AI-powered solutions that facilitate faster and more accurate decision-making. To explore more about Ocrolus’ capabilities or to schedule a demonstration of Inspect, interested parties can visit Ocrolus.com.

About Ocrolus

Ocrolus is an innovative AI-based data and analytics platform that empowers financial institutions to make quicker and more precise decisions. By thoroughly analyzing a variety of document types—including bank statements, pay stubs, and tax forms—with over 99% accuracy regardless of format or quality, Ocrolus aids more than 400 customers in efficiently classifying documents, assessing cash flows, verifying income, and detecting fraud. To learn more about their offerings, visit Ocrolus.com.