Every lender has to process documents from their borrowers during the application process. Often, there is a large number of these documents from a wide variety of sources. What lenders need is a way to process all of these documents that provides a uniform set of data regardless of where the document came from.
My next guest on the Fintech One-on-One is Sam Bobley, the CEO and Co-founder of Ocrolus. They have become the standard when it comes to document automation in the small business lending space and they are now tackling consumer lending and the incredibly complex mortgage lending process.
In this podcast you will learn:
- The founding story of Ocrolus.
- What their technology actually does.
- How their waterfall of automation techniques allows them to review any financial document.
- Why it is so important to have humans involved in this process.
- The percentage of documents they can process instantly.
- Why they decided to start in small business lending.
- The number of small business lenders they have on their platform today.
- How their technology helped power many PPP lenders.
- Sam's view of the small business lending landscape today.
- How their fraud detection processes work.
- Details of their business model.
- How they approached the fundraising process.
- What Sam is most excited about right now.
Connect with Sam on LinkedIn
Connect with Ocrolus on LinkedIn
Connect with Ocrolus on Twitter
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