Compare Vaultedge vs Ocrolus

Explore Vaultedge - document automation purpose built for mortgage industry. Automate document indexing & data extraction for 500+ mortgage documents with up to 99% accuracy.

Ocrolus

FAQ

What is Ocrolus?

Ocrolus is a broad-based document processing software for financial service providers like accountants, auditors, banks, consultants etc. It uses a hybrid of OCR and human in the loop for document indexing and data extraction.

What is the difference between Vaultedge & Ocrolus?

  • Ocrolus is a general purpose document processing software for financial industry at large. However, Vaultedge is a purpose built software that is built for mortgage industry. It serves the document processing requirements of loan processing, post close QC and loan servicing teams within mortgage lenders & servicers.
  • Ocrolus uses a mix OCR and human in the loop to capture data from images & scanned documents. It specializes in capturing data from images & scanned images.Whereas, Vaultedge uses propietary machine learning models & natural language processing to interpret a wide range of documents & data as a human would. This means Vaultedge can handle both structured & unstructured data with much higher accuracy than a image processing based technology.

How accurate is Ocrolus?

Ocrolus claims an accuracy of 99% for data extraction from just image based documents. However it uses human in the loop for data extraction.

Vaultedge is a pure-play automation software that provides a 95% accuracy out of the box.
The accuracy improves further as users review and provide feedback. This is made possible by using artificial intelligence that learns from users’ actions.

How fast can you implement Ocrolus in production?

Ocrolus does not publicly disclose its implementation time. Whereas, Vaultedge can be implemented and used in production in just days.

How is the ease of use with Ocrolus?

Though Ocrolus is a general purpose document processing software, it has custom workflows built for mortgage industry needs. However, one needs to go through the extensive product guides to get hands on with the software.

Vaultedge offers a simpler interface that is optimized for mortgage industry - that lets users get started without undergoing extensive training sessions.

What is the range of documents that can be automatically processed by Ocrolus?

Ocrlous comes pre-configured with 100+ document types specifically for the mortgage industry.

On the other hand, Vaultedge automatically classifies 500+ documents and 2000+ fields from a loan file. More documents and fields are added on a continuous basis.

Does Ocrolus offer customizability & seamless integration?

Ocrolus can be integrated with Encompass, whereas Vaultedge can integrate seamlessly with any loan origination and servicing software like Ellie Mae Encompass, Blackknight Empower, Wipro NetOxygen, Blackknight MSP etc.

How much does Ocrolus cost?

Both Vaultedge & Ocrolus have a similar pricing: one time set up fees of $15,000 & usage cost of $15 per loan file processed.

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