Manage risk better with machine learning and Human-in-the-Loop document processing for flood certificates

Flood certificates detail whether a property is at risk of flooding. With climate change affecting rainfall patterns, many areas of the U.S. are now at increased risk of flooding, and lenders are requiring flood certificates, as well as flood insurance. The layout and format of flood certificate submissions can vary based on the providers’ specifications. This can pose a problem for traditional OCR solutions, and without a reliable intelligent document processing solution, lending professionals can spend hours manually processing flood certificate data. Not only is this tedious and time-consuming, but it can also lead to human errors arising, which further delay loan approvals and can even lead to loan rejections.

Ocrolus’ automation solution lets you capture, review, and analyze flood certificate documents in real-time from multiple formats. It precisely captures key data and identifies any potentially suspicious activity, enabling fast, data-driven loan decision-making.