Reduce manual data entry with automated benefit award letter capture and processing

Benefit award letters detail the worth of pension or social security benefits issued to an individual. Loan underwriters process these award letters to assess and verify a borrower’s income. These award letters can arrive as hard copies, which can be bent and creased, or they can be delivered in various digital file formats where the quality is sometimes poor.  This poses a challenge for traditional OCR solutions, and without a reliable intelligent document processing solution, lending professionals can spend hours manually processing award letter data. Not only is this tedious and time-consuming, but it can also lead to mistakes being made, which further delays loan approvals.

Ocrolus’ automation solution lets you capture, review, and analyze benefit award letter data in real-time from multiple formats. It accurately captures key data from the award Letter and identifies potential fraud, enabling rapid, data-driven decisions.