Case Study: Haventree Bank cuts bank statement review time 67% with Ocrolus

Haventree Bank cuts bank statement review time 67% with Ocrolus

Haventree Bank, a Schedule I bank specializing in alternative mortgage lending, faced a challenge in scaling its underwriting process. Its team manually transferred bank statement data into Excel calculators, a process consuming up to three hours per file and limiting their ability to handle volume spikes. To automate income analysis and fraud detection, they turned to Ocrolus.

By implementing Ocrolus's automated platform, the underwriting team shifted from manual data entry to analysis. The solution cut bank statement review time by 67%, reducing it to under one hour per file while also reviewing 33% more statements. This allowed Haventree Bank to manage increased loan volume without adding headcount and achieve faster, more consistent fraud detection with Ocrolus.

Haventree Bank