Quickly and accurately assess an individual's eligibility for a home loan with automated Form 1003 processing

Form 1003, or the Uniform Residential Loan Application form, is something that everyone needs to fill out when they apply for a residential mortgage in the U.S. Lenders use the information provided in this form to assess an individual’s eligibility for a loan. These forms can arrive in multiple formats, including as hardcopies or online via email or mobile app. Sometimes, if the form has been handwritten, the information input can extend outside the form fields.  This poses a challenge for traditional OCR solutions, and without a reliable intelligent document processing solution, lending professionals can spend hours manually inputting data from Form 1003 documents. This slows down the loan application process and, if mistakes are made, can lead to loan refusals. 

Ocrolus’ automation solution lets you capture, review, and analyze Form 1003 data in real-time from forms delivered in multiple formats. It precisely captures key data, highlights potential wrong doing, and significantly speeds up loan decision-making.