Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, and Blend, a leader in cloud banking software, announced a strategic partnership which will embed Ocrolus’ Human-in-the-Loop document analysis solution within the Blend platform to accelerate digital mortgage applications.
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“Blend is simplifying and streamlining the lending experience for consumers and bankers alike,” said Jeff Braddock, manager of business development at Blend. “We’re enhancing the Blend platform with Ocrolus’ automated, accurate document classification and data extraction capabilities. Our partnership with Ocrolus enables us to swiftly deliver time-saving innovations to our customers.”
Ocrolus’ partnership with Blend will focus on document automation, initially on classifying documents and capturing data for mortgage applications and potentially extending into other business areas in the future.
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“Blend is a clear industry leader in cloud banking with a best-in-class user journey for consumers,” said Sam Bobley, Co-founder & CEO at Ocrolus. “At Ocrolus, we’re hyper-focused on API-based document automation for lenders, a backend service that perfectly complements Blend’s powerful platform.”
The partnership represents a notable milestone in Blend’s broader mission to streamline and fully automate all aspects of loan originations. Ocrolus’ verticalized financial services expertise in the areas of mortgage, consumer, and small business lending, serves as an ideal embedded technology for the Blend platform long-term.
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