Ocrolus Reviews

What I like most about Ocrolus is the analytics that they provide for their bank statement product. Without reliable, accurate analytics, we would be unable to properly service the loans.

What I like least about Ocrolus is that there has sometimes been a lack of communication. I was not notified when Ocrolus would release new analytics and the corresponding analytics guide. I have had to request an updated analytics guide and only then would I notice that they released new analytics.

I like getting all the data I need in a clean spreadsheet

The time it takes to wait for OC to process slows my productivity leaving much to be desired! The program often misses crucial information too. If the purpose is to increase my productivity then it is failing. I work twice to double check the missing information on missed lenders on financial documents and I wait twice as long to process information. Ocrolus gives me a clean data sheet but slows me down considerably - Needs improvement considering the cost to use it!

alert of fraud altered documents, extraction of balances, lenders, transfers pulled and other grouped useful information merchants, max deposits outside deposits.

The time in extracting the documents from ALL statements. I dont know how long it will take anymore. Chase, Bank of AM, Wells Fargo took no time, NOW it could take 30-1 hour to extract. Credit Unions and other unknown banks could take time i get that but when i pull up the bank statements and finish before OC has even completed one month something has gone wrong.

Hi LeErin, we really appreciate this feedback! Speed is one of our top priorities and we are actively working to improve turnaround time. Please reach out to your account manager for further assistance.

Easy to use Increases efficiency Speeds up time to underwrite Consistency

Could use better reporting Turn time on improvements and error investigations Needs more transparent process to review Suspicious Activity Flags

Thanks for your candid feedback, Jarett! We're happy to hear that you find Ocrolus easy to use, and we're working on the cons you listed.

Ocrolus is definitely the industry leader in bank statement verification. The great API and data accuracy are what we rely on the most.

Waiting times can be longer for more complicated bank statements.

Ocrolous has been instrumental in GetBackd's underwriting process and extracts data in a usable format.

Speed, although it has constantly been improving, the speed could be a little better.

The API and toolset are easy to use and provide accurate data extraction and calculations.

The API does not allow for multiple webhooks to be assigned to a single call, which create inefficiencies in end user communications.

Great software that handles documents quickly and accurately

occasional long turnaround times inability to download Excel files

Ability to streamline bank statement deposit analysis

Automates process of analysis which used to manually take so much time

Very efficient software. Took a bit of exploring to learn about the features.

Some processes are delayed and end up taking longer than they should.

We love how fast and easy is the software

The dashboard is not as user friendly as we want

The analyst the software is able to pull is incredibly beneficial and can speed up the process tremendously. It is also a great double check for me and sometimes finds things that I may not have noticed

It's good when it is fast, but on busy days it can run so slow that I will be done with the whole thing for a while before it finishes processing. The point of using Oculus is to help speed up the overall process and when it is lagging, it just slows us down

It takes very few steps to get the data to Ocrolus and the output is ready within hours. This program increases our efficiency and the returned reports are accurate.

I do not have any issues with the software.

I enjoy how easy it is to create new books and easily and quickly upload documents. I have never personally had a problem with the software.

Nothing stands out to me specifically, but I think having it be more integrated into our other business software would be helpful.

I like how it makes my easier, when it is able to catch all the lenders

when we first started using it, it was great. now it is super slow and when we are slammed, it makes our job harder and we actually don't end up using it half the time because it doesn't even verify the statements within an hour

The product interface makes it very easy to use.

The software has been great and there is nothing comes to mind!