Case Study: HomeTrust Bank improves mortgage processing efficiency with Ocrolus

HomeTrust Bank cuts mortgage processing keystrokes from several hundred to fewer than 100 with Ocrolus

HomeTrust Bank, a community-focused financial institution, faced time-consuming manual income calculation and document handling in its mortgage loan processing. This involved relabeling documents and numerous keystrokes, which was a significant challenge. To tackle this, HomeTrust Bank turned to Ocrolus' AI-driven document automation solution.

Ocrolus provided a comprehensive tool for document classification and income calculation, which automated document indexing and income review. This implementation significantly reduced processing times and keystrokes from several hundred to fewer than 100 per loan. The solution resulted in estimated annual savings of 8,500 hours and $90,000 for HomeTrust Bank, allowing their team to focus on more complex tasks and provide a higher level of service.

HomeTrust Bank