Ocrolus, a vertical AI workflow and analytics platform for lenders, has announced that its document fraud detection solution, Ocrolus Detect, will now be included at no additional cost for all its mortgage customers. Ocrolus Detect reviews bank statements, pay stubs, and tax forms for tampering. Underwriters see the results of the review in the Ocrolus platform or the Encompass embedded viewer where they already review the file.

Ocrolus has leveraged its integration with Resistant AI to enable Detect to spot documents that are created or edited by generative AI. Unfortunately, Generative AI makes it easy and inexpensive to produce false financial documents across different types of lending. Ocrolus has determined that 12% of loan applications processed via its platform contain suspicious activity. Detect determines both what a document says and how it was created, and gives each document an authenticity score with reason codes to indicate to the underwriter where the issue was located and why it was flagged.

This latter point is key. Detect identifies specific issues in flagged documents and gives lenders an explainable result. This can help lenders meet new AI governance requirements from Freddie Mac and Fannie Mae that went into effect earlier this year. To this end, Ocrolus has also integrated with Fannie Mae’s Income Calculator and Freddie Mac’s AIM Check, and maintains a formal AI governance program with controls mapped to both frameworks. The controls are audited every year by independent third parties and through application security testing.

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