Preparing for growth in 2025: Ocrolus October event recap

Team Ocrolus’ fall event season continued in October, with Money 20/20 in Las Vegas and the MBA Annual Convention and Expo in Denver, where we debuted our latest AI-driven mortgage solution, Inspect.

Both events were great opportunities to catch up with industry partners and friends and gain valuable insights from some of the foremost leaders in financial services.

These conferences covered some of the hottest topics in financial services, from an expected increase in mortgage origination and refinancing next year to new open banking rules.

Introducing Inspect at MBA Annual

Our team had a blast at the MBA Annual Convention and Expo, where we announced Inspect, our latest offering to improve efficiency and scalability in loan origination. The product release ignited conversations about how lenders can capitalize on the anticipated increase in mortgage volume with tech-driven scalability.

Ocrolus COO Vik Dua and Rebecca Seward, Director of Product, Mortgage, led an engaging demonstration of Inspect’s capabilities. They showed lenders how they can leverage our new offering to automate stare-and-compare tasks in data verification.

A hot topic among attendees and presenters was the building anticipation for increased mortgage activity in the spring, driven by a stabilization in interest rates and potentially increasing inventory. While 2025 rates will likely remain higher than expected a couple of months ago, the MBA still anticipates a more favorable environment for mortgages in 2025 and mortgage lenders are preparing today to scale with the market. 

Another focus of this year’s conversation was the push to make housing more accessible. The mortgage industry is working to evolve credit reporting structures and use alternative credit bureau data, allowing lenders to work with a broader pool of borrowers.

These new methods of gauging creditworthiness underscore the importance of automation, which can accommodate a broad spectrum of financial documents and enable lenders to make informed decisions based on alternative credit data. 

Open banking and optimism at Money 20/20

At Money 20/20, we heard from various financial services providers about their plans for the new year.

Open Banking was a significant topic of discussion following the publication of the Consumer Financial Protection Bureau’s (CFPB) final 1033 rule just before the conference. CFPB Director Rohit Chopra gave an engaging, well-attended interview on Sunday night, where he talked about how the new rule makes it easier for consumers to switch between financial service providers. We’ve seen banking data more commonly used in the application process for consumer and business financial services, and the latest rule from the CFPB is another step in that direction.

Beyond the discussions, we noticed a massive proliferation of early-stage, AI-native solution providers offering tools for various use cases. From customer service and fraud prevention to payment orchestration and data management, financial AI was a hot topic. We look forward to seeing where providers will gain traction and improve experiences.

Sentiment was bullish about a favorable and growing credit market in 2025, encouraged by positive economic trends and the prospect of stabilizing interest rates. Lenders of all types—including small business, mortgage, and personal—are eager to scale efficiently through the intelligent use of automation.

Book a demo today if you missed us at MBA or Money 20/20 and are interested in checking out the new features in Inspect.

Key takeaways:

• At the MBA Annual Convention and Expo, Ocrolus launched Inspect, our latest AI-driven solution for verifying mortgage data.
• With rates expected to stabilize in the mortgage industry, lenders are gearing up to scale to meet increasing origination and refinancing demand.
• At Money 20/20, Open Banking took center stage following a new rule from the CFPB that will help facilitate the use of banking data in applications for consumer and business financial services.