[Sharma]

Hi Fellow Funders....

Any Suggestion for faster crunching of bank statements for the purpose of underwriting?
Currently using Ocrolus. Need faster software...

Thanks in advance

[cynthia]

How long have you used Ocrolus?

[Sharma]

We have been using it for the past few months now

[TheUnderwritingProdigy]

How is Ocrolus? Any good? Accurate? How long does it take to analyze? What is cost per file?

[NationalCorporateData]

MoneyThumb posted here several times and seems to be a file parsing service.

Other competitors are Ocrio, Signifyed, Riskified, AppsFlyer. Never used any so can't comment on accuracy, speed, or pricing.

[Sharma]

MoneyThumb posted here several times and seems to be a file parsing service.

Other competitors are Ocrio, Signifyed, Riskified, AppsFlyer. Never used any so can't comment on accuracy, speed, or pricing.

Thank you so much for the info

[SFC]

Hi Fellow Funders....

Any Suggestion for faster crunching of bank statements for the purpose of underwriting?
Currently using Ocrolus. Need faster software...

Thanks in advance

Not sure why you're having issues with Ocrolus. Most of their stuff is instant or in a few minutes. Unless youre getting REAL crap bank statements.

[CT3]

MoneyThumb posted here several times and seems to be a file parsing service.

Other competitors are Ocrio, Signifyed, Riskified, AppsFlyer. Never used any so can't comment on accuracy, speed, or pricing.

Is Ocrio still around? Anyone use them ever?

[Onepointwhat]

Not sure why you're having issues with Ocrolus. Most of their stuff is instant or in a few minutes. Unless youre getting REAL crap bank statements.

Limited personal experience with Ocrulus myself. But I saw a very clean file (both a direct PDF download from the bank and great rev/ balances) get declined by a lender due to excessive negative days. In the 6 months of banks submitted, I think the minimum balance was $75k. The Ocrulus data was saying there was 10 negative days in the most recent bank statement.

Not sure how accurate the other platforms are but Ocrulus only claims to be like 98% effective (I think that was the metric they used). Even on clean files, it's not always accurate.

[NationalCorporateData]

Is Ocrio still around? Anyone use them ever?

Not sure, just checked and they do have a website that's up but that doesn't mean much. There's a "freemium" option with 10 apps included so that could be worth a shot; not sure how much value they provide by analyzing an app and not statements, unless that's just poor phrasing on the site.

[Ktolbert85]

I know of a developer that created software for a funding company he worked for. I'm not sure how his compares to the others mentioned but it was pretty accurate and tweeks could be made on the fly. He may be interested in leasing this software to a select few on a monthly basis. Anyone who might want to know more feel free to reach via this forum or DM.