If you’re using Ocrolus and it feels like your team is still doing too much manual work, it might be time to explore other options.

Ocrolus does a solid job extracting data from documents, but it doesn’t handle what happens next, like checking loan guidelines, following up with borrowers, or helping you move faster toward closing.

For teams that want more than just optical character recognition (OCR), there are tools built to manage full loan workflows, reduce back-and-forth, and save hours of back-office work each week.

Whether you're a lender, broker, or mortgage ops lead, finding the right platform can make your day-to-day simpler and more accurate.

In this guide, we’ll cover the most reliable Ocrolus competitors available today, including one built to manage the full lending process from intake to close.

What Is Ocrolus Used For?

Source: Ocrulus.com

Ocrolus is known for helping lenders process financial documents by extracting data from forms like bank statements, pay stubs, and tax returns. It’s built to reduce manual data entry and speed up how lenders review paperwork. 

Many teams use Ocrolus to support document processing during the early stages of the loan cycle.

Some of its core features include:

• Document capture for both structured and unstructured file types and layouts

• Data validation using built-in business rules and automated checks

• Automated underwriting support to streamline financial decision-making

• Audit trails to keep records of every step in the process

Ocrolus is often used in mortgage, lending, and fintech, where teams deal with high volumes of financial data and need to improve accuracy across document types. While Ocrolus can handle unstructured documents, more complex or custom use cases may require configuration or human-in-the-loop review.

It offers strong intelligent document processing capabilities, but does not provide end-to-end automation or borrower engagement tools, which some lenders may need for a complete workflow.

Why So Many Teams Are Looking for an Ocrolus Alternative

You’ve uploaded the documents. The data has been extracted. But now your team is stuck waiting for borrower follow-ups, manual checks, and for the next system to take over. That gap between document processing and decision-ready loans is exactly where many lenders hit a wall with Ocrolus.

For some teams, the platform may feel limited when handling certain document types or more complex use cases involving unstructured formats. Others report difficulty integrating with existing systems without additional support. These gaps can slow down financial workflows and create more back-and-forth than expected.

Cost is also a common concern. Ocrolus may not be a fit for small businesses or teams that need flexible pricing models. Some lenders experienced delays in onboarding or challenges with support during critical stages of implementation.

What teams want today is a tool that doesn’t stop at document processing. They’re looking for full visibility across tasks, smoother borrower engagement, and more control over how and when data moves.

That’s where purpose-built solutions can offer better results, and that is why many are now exploring Ocrolus alternatives.

If you're stuck waiting on follow-ups and manual reviews, Addy AI can help you move faster.

Top 9 Ocrolus Competitors to Try in 2025

If your team needs more control over document workflows, better automation, or faster onboarding, you're not alone. Many lenders have started searching for Ocrolus alternatives that fit their operations more closely and reduce time spent on repetitive tasks.

Below is a list of tools that solve different parts of the loan process:

1. Addy AI

Addy AI is a mortgage automation platform built for teams that want to close loans faster without adding manual steps.

One of its core solutions, Document AI for Lending, automates document intake, review, and validation, freeing up loan officers to focus on decisions, not data entry.

Addy AI uses AI agents to check loan files, follow up with borrowers, and compare documents against credit guidelines in real time.

It integrates directly with LOS platforms, CRMs, and email, so teams can keep their existing systems and get started quickly. Most lenders see processing times cut from weeks to just a few days.

Unlike tools that only extract data, Addy AI handles the full workflow. It’s secure, configurable, and designed to work out of the box for real lending volume.

Addy AI works out of the box, can be trained for custom rules, and is secure, private, and optimized for daily lending volume.

Key Features

• AI agents that take action - Review files, trigger tasks, and follow up with borrowers

• Instant loan eligibility checks - Evaluate files using lender-specific credit score policies

• Bank statement and income review - Extract key metrics for underwriting in seconds

• Automated follow-ups - Keep brokers and borrowers on track

• Works with existing LOS and CRMs - Integrate with your current systems

• Supports unstructured documents - Handle forms like 1003s, 1040s, W2s, pay stubs, and more

• Built-in fraud detection and document validation - Reduce errors and strengthen compliance

• Custom mortgage chatbot - Train your own bot to answer guideline questions in Slack or Teams

• Secure and audit-ready - Addy AI is Google Security Certified and built for compliance-heavy workflows

Ready to stop chasing documents? Book a demo with Addy AI and get your team back on track.

2. Docsumo

Source: Docsumo.com

Docsumo is a document processing platform built to help businesses extract data from structured files like bank statements, invoices, and utility bills.

It’s designed for finance teams that want to move away from manual data entry by setting up automated document review and conversion processes.

The platform works well for teams that handle repeatable formats and want to push cleaned data into systems used for reporting, accounting, or loan analysis.

Docsumo doesn’t require technical setup, which makes it suitable for teams without engineering support.

Key Features

• No-code configuration - Upload documents and define field mappings without a developer

• Auto-classification - Identify and sort document types automatically

• Data validation - Flag missing or incorrectly formatted fields

• Supports financial documents - Handles statements, invoices, tax forms, and similar files

• Analytics dashboard - Track usage, accuracy, and field performance over time

Downside

Docsumo focuses on data extraction, not full workflow automation. It may not support lending teams that need borrower follow-up tools, credit checks, or custom decision logic.

3. Casca

Source: Cascading.ai

Casca is a decision automation platform built specifically for lenders. It helps teams run credit and risk checks using AI-powered rules and models that align with their underwriting policies.

The system uses structured logic to assess borrower data and recommend actions based on internal guidelines.

Many teams use Casca to speed up approvals and reduce time spent on manual reviews.

It’s designed to work alongside loan origination systems and supports custom rules for credit eligibility, document review, and exception handling.

Key Features

• Lending-specific automation - Built for underwriting and credit decision processes

• Custom rule builder - Set decision logic without technical support

• Human-in-the-loop support - Review flagged cases manually when needed

• Real-time eligibility checks - Compare borrower data against lending criteria

• Audit visibility - Track how decisions were made across the loan pipeline

Downside

Casca is focused on credit decision-making rather than full document processing. Teams looking for a complete workflow solution, including intake or borrower follow-up, may need additional tools.

4. Capacity

Source: Capacity.com/mortgage

Capacity is a support automation platform designed to help mortgage teams handle borrower questions, file uploads, and general loan communication.

It combines a knowledge base, chatbot, and workflow tools to guide borrowers through the loan process while reducing back-office tasks.

Lenders use Capacity to improve responsiveness and remove common roadblocks during application intake.

It integrates with loan origination systems and CRMs, allowing teams to centralize communication and document handling in one place.

Key Features

• AI-powered chatbot - Answers borrower questions using preset and learned responses

• File collection assistant - Helps borrowers upload required documents

• Knowledge management - Stores internal and external FAQs for fast support

• Integrations - Connects with LOS and CRM platforms

• Workflow tools - Automate steps like form completion or task routing

Downside

Capacity focuses more on borrower communication than deep document processing. Teams that need full control over document workflows or data extraction may need to pair it with additional tools.

5. LoanLogics

Source: Loanlogics.com

LoanLogics is a loan quality management platform that helps mortgage teams validate, audit, and process documents throughout the loan lifecycle.

It’s often used during post-close reviews, where accuracy and compliance are critical. The system supports data extraction, document recognition, and loan file organization.

Many lenders use LoanLogics to automate checks on income, assets, and property documents.

It also provides tools to manage version control, monitor data accuracy, and prepare loans for investor delivery. The platform is built with audit trails and compliance features in mind.

Key Features

• Automated document recognition - Identifies and sorts incoming files

• Post-close audit tools - Supports loan reviews for accuracy and completeness

• Mortgage integrations - Works with common LOS platforms

• Data verification - Confirms borrower information matches uploaded documents

• Audit readiness - Tracks document history and activity

Downside

LoanLogics is built for large teams and has structured review processes. It may be too complex for smaller lenders or those looking for a tool that covers intake and borrower engagement.

6. Blend

Source: Blend.com/products/mortgage-suite/originations

Blend is a digital lending platform that helps mortgage lenders manage borrower-facing processes like loan applications, document uploads, and pre-approvals.

It focuses on making the frontend experience easier by offering a clean interface for borrowers to complete and track their applications.

Lenders use Blend to improve communication during intake and reduce delays in collecting documents and disclosures.

It connects with loan origination systems and offers tools to verify borrower information during early-stage processing.

Key Features

• Borrower portal - Let applicants track their progress and upload documents

• Pre-filled forms - Uses known borrower data to reduce manual input

• Digital verifications - Confirms employment, assets, and income

• Task tracking - Keeps borrowers on schedule with to-do lists

• Integration options - Connects with LOS platforms and third-party tools

Downside

Blend is focused on the borrower experience and early-stage loan intake. Teams that need back-office document processing or data validation may require additional tools to fill those gaps.

7. DocuClipper

Source: Docuclipper.com

DocuClipper is a lightweight document conversion tool built to turn PDFs into clean, usable spreadsheet data.

Financial teams commonly use it to extract transactions, balances, and summaries from bank statements and convert them into CSV files or Excel formats.

Small businesses and accountants often use DocuClipper for fast turnarounds when dealing with high volumes of financial documents.

The platform is simple to use and works without advanced setup or integrations.

Key Features

• Bank statement parser - Converts financial PDFs into spreadsheet-ready data

• Multi-language support - Works with documents across various regions

• No setup required - Designed for quick uploads and fast results

• Supports CSV and Excel exports - Helps teams move data to other tools

• Simple user interface - Built for non-technical users

Downside

DocuClipper focuses on one task: document conversion. It doesn’t support full loan workflows, borrower follow-ups, or deeper automation features needed in lending operations.

8. Hyperscience

Source: Hyperscience.com

Hyperscience is a document automation platform used by large organizations to process complex forms and handwritten documents.

It uses machine learning to extract and validate data across different formats, including scanned forms, applications, and customer records.

Enterprises often choose Hyperscience to improve efficiency in operations that rely on high volumes of unstructured documents.

It’s used in financial services, insurance, and government, where teams need more advanced control over classification, accuracy checks, and human review steps.

Key Features

• Handwriting recognition - Extracts data from handwritten forms

• Document classification - Sorts and labels incoming files by type

• Human-in-the-loop review - Supports manual review and corrections

• Supports unstructured documents - Works with non-standard layouts

• Audit tracking - Maintains visibility across all processing steps

Downside

Hyperscience is built for large teams with technical resources. Smaller lenders or teams looking for a quick setup may find the platform too complex for day-to-day loan processing.

9. Veryfi

Source: Veryfi.com

Veryfi is a data extraction platform focused on receipts, invoices, and financial documents. It’s designed for accounting teams and businesses that need to capture and organize financial data in real time.

The platform works through mobile apps, APIs, and web uploads, making it easy to process documents on the go.

Teams use Veryfi to automate expense tracking, prepare financial records, and move structured data into bookkeeping systems. It’s built for fast processing and includes features like mobile scanning and instant field recognition.

Key Features

• Real-time OCR - Extracts data instantly from receipts and invoices

• Mobile-first tools - Scan and process documents directly from mobile devices

• APIs for developers - Integrate data capture into existing workflows

• Supports financial documents - Handles receipts, bills, and statements

• Audit trails - Tracks how and when data was extracted

Downside

Veryfi is designed more for expense management than mortgage or loan workflows. Teams focused on underwriting or document review may need additional tools to manage those processes.

Choosing the Right Ocrolus Competitor for Your Needs

Before switching platforms, take a moment to assess what your team needs across the loan process. Some tools handle one task. Others support everything from intake to closing.

Here are the key factors to consider when choosing the right Ocrolus alternative:

Start With Your Loan Workflow

Map out your current loan process. Some teams only need financial document processing. Others need complete coverage, including borrower follow-ups and decision-making. Addy AI handles both without forcing you to change your systems or tools.

Check for System Compatibility

Choose a tool that fits into your existing tech stack. Addy AI connects with CRMs, LOS platforms, email inboxes, and shared drives. It supports product teams that want to keep their business processes intact while improving speed and visibility.

Look for a User-Friendly Interface

Give your team tools they can use without training. Addy AI's easy-to-use UI helps non-technical users complete tasks without relying on developers. Teams move faster and make fewer errors when they don’t have to fight the interface.

Understand Your Automation Goals

Decide what tasks you want the system to handle. Some tools only extract data. Others, like Addy AI, use natural language processing and AI agents to complete tasks like follow-ups and eligibility checks. If your team needs more than OCR, automation should be a top priority.

Match the Tool to Your Team Size

Look for software that fits your structure. Some platforms work best for enterprises. Others serve small businesses with growing pipelines. Addy AI offers custom pricing, so you can scale without paying for features you don’t need.

Keep Security and Compliance Top of Mind

Protect your borrower data and reduce risk. Addy AI includes fraud detection, audit trails, and built-in document validation. It uses a security service to protect your environment from online attacks and technical errors that might trigger the security solution.

Evaluate Performance and Reliability

Choose a platform that supports growth without slowing you down. Avoid tools that send commands or malformed data, break when users phrase a SQL command incorrectly, or crash when submitting a certain word or phrase. Addy AI runs in a secure sandbox environment, so your team stays productive under pressure.

If you’re checking every box and still waiting on results, Addy AI's end-to-end automation might be the right move. Book a demo today!

Why More Lenders Choose Addy AI Today

Lenders are choosing Addy AI because it handles more than just document processing. It works like an expert loan assistant, trained on over 20,000 lending guidelines, and ready to complete tasks across the loan file.

Instead of just extracting data, Addy AI helps teams make decisions faster, reduce human labor, and keep borrowers engaged without extra back-and-forth.

Addy AI fits into existing systems and starts working right away. Teams use it to check eligibility, review income, validate documents, and follow up with clients in one platform.

With built-in audit tracking, real-time validation, and full customization, Addy AI gives mortgage professionals the control they need without slowing down the process.

It’s fast, accurate, and built for lenders who need results now, not weeks later.

Addy AI: The Ocrolus Alternative That Handles the Work for You!

Finding the right Ocrolus alternative comes down to what your team needs across the lending process. Some tools handle document conversion.

Others focus on credit checks or borrower communication. But if you want one platform that covers intake, review, decision-making, and follow-ups, you need more than basic data extraction.

Each competitor listed here brings something useful to the table. Still, few offer the flexibility, automation, and operational speed that mortgage teams need to close loans faster. Addy AI helps lenders move away from manual work, reduce delays, and stay focused on closing loans.

If you're looking for a faster way to process 1003s, W2s, tax returns, bank statements, and more, Addy AI's Document AI for Mortgage Lending can help. It extracts structured data from unstructured documents in seconds, giving your team the insights they need without slowing down the process.

Ready to simplify your loan workflow and close more deals with less effort? Book a demo today and see how your team can move faster.

FAQs About Ocrolus Competitors

Who owns Ocrolus?

Ocrolus is a privately held company founded in 2014 by Sam Bobley, John Guerci, Victoria Meakin, and Peter Bobley. Ownership is shared among the founders and institutional investors following multiple funding rounds. The company has not publicly disclosed specific ownership percentages or any plans for a public offering.

What is the work of the Ocrolus company?

Ocrolus provides intelligent document automation for the financial sector. It uses AI and computer vision to classify, validate, and extract data from financial documents. The platform helps lenders improve operational efficiency, reduce fraud risk, and make faster decisions. To stay secure, it blocks risky actions like submitting a certain word or SQL command that could trigger this block, helping it protect itself from online threats.

How many employees does Ocrolus have?

Recent reports show that Ocrolus employs around 1,200 employees. Its team spans engineering, product, operations, and client support, helping the company scale across various industries, including fintech, banking, and mortgage lending. Their solutions serve both large enterprises and small businesses seeking faster, more secure document processing.

How does data extraction help small businesses using document automation tools?

Data extraction allows small businesses to quickly process bank statements, invoices, and other documents without manual entry. However, if the action you just performed triggered the security, you might be unable to access the platform due to several actions that could trigger or raise flags, including submitting a certain phrase or a SQL command. If that happens, it’s best to contact the site owner to let them know and work to resolve the issue.

What should I do if I see a Cloudflare Ray ID or get blocked while using a document automation tool?

If you see a Cloudflare Ray ID found message, it means the system detected suspicious behavior and triggered a security filter. This can happen due to several actions that could trigger this block, including invalid form inputs or automation scripts. In some cases, the system may block, including submitting data that looks risky. To fix this, contact the site owner to let them know what happened and ask how to resolve it.