Automate H-1B Visa Processing to Close Loans Faster
H-1B visa processing
Automate H-1B visa processing to close loans faster
Ocrolus’ Human-in-the-Loop document automation solution captures and extracts data from H-1B visas to help you speed up loan processing.
Why should lenders use Ocrolus for H-1B visa data capture and processing?
The H-1B is a visa issued in the U.S. under the Immigration and Nationality Act, section 101(a)(15)(H). It allows U.S. employers to temporarily employ foreign workers in specialty occupations. When holders of an H-1B visa apply for a loan, the loan underwriter will want to verify the status of their H-1B visa as part of their loan eligibility assessment. The loan applicant can supply this form as a hard copy or via multiple file formats delivered via email or an app. Without a reliable intelligent document processing solution, lending professionals are forced to manually input the data from H-1B visas into their systems. This can lead to mistakes being made and loan applications being delayed or even refused.
Ocrolus’ automation solution lets you capture, review, and analyze H-1B visa data in real-time from visas delivered in multiple formats. It accurately captures crucial data to enable rapid data-driven decisions.
View sample JSON result of H-1B
Advantages of Ocrolus’ H-1B visa processing
Retrieve data from H-1B visas regardless of format or quality. With Ocrolus you can:
- Approve loans faster
- Process H-1B visas with over 99% accuracy
- Quickly verify an individual’s immigration status
- Identify suspicious activity and potential fraud with tampering detection
Ocrolus' document processing stats
91M financial pages analyzed
344K documents flagged for suspicious activity
8.8M business loan applications analyzed
Ready to go?
Find out how Ocrolus can help you automate H-1B visa processing.