Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, and Resource Financial Services, a leading independent mortgage banker serving the Southeastern United States, announced a technology partnership to further automate Resource Financial’s online mortgage process. The lender has integrated Ocrolus’ Human-in-the-Loop (HITL) document classification and analysis solution within their technology stack, enabling customers to handle refinancing and home purchasing completely online.
Ocrolus’ support of the Resource Financial tech stack focuses on document automation, initially on classifying bank statements and capturing data for mortgage applications.
“We are happy to support progressive mortgage bankers like Resource Financial, who understand that changing market conditions require technologies that enable employees to make faster, more informed lending decisions,” explained Michael Manne, Chief Revenue Officer at Ocrolus. “Resource Financial loan officers and underwriters can focus on servicing customers, knowing that the data provided by Ocrolus is verified and reliable.”
“Our mission is to deliver the best mortgage products and solutions to our clients,” said A. Wade Douroux, President & CEO of Resource Financial. “Enabling technologies like Ocrolus helps us act as a trusted partner to our customers and allows us to continuously improve our end-to-end mortgage experience.”
About Resource Financial
Resource Financial Services was established in 2008 as a retail banking firm serving borrowers across the Southeast. The company is licensed in 12 states which include Alabama, California, Connecticut, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. Headquartered in Columbia, South Carolina, the company offers a variety of products including adjustable, fixed-rate and jumbo loans, first time homebuyer programs, second home and investment financing, refinancing, construction loans, FHA/VA and state housing loans and USDA rural housing programs. Resource Financial Services has been listed on the Inc. magazine 500/5000 list of fastest growing privately held mortgage companies in the nation four times since 2012. Visit rfsmortgage.com to learn more.
Ocrolus is a document automation platform that powers the digital lending ecosystem, automating credit decisions across fintech, mortgage, and banking. The company provides modern document analysis infrastructure and has raised over $100 million from blue-chip fintech investors. Ocrolus enables financial services firms to make high quality decisions with trusted data and unparalleled efficiency. Visit ocrolus.com to learn more.