Streamline Your Loan Underwriting with DocuClipper

DocuClipper automates bank statement and tax form conversion with the highest accuracy and speed so you can make underwriting decisions quicker.

TRUSTED BY THOUSANDS OF BUSINESSES ACROSS THE GLOBE

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DocuClipper Automates the Data Entry, Streamlining Your Underwriting Process

Discover how DocuClipper’s AI-powered OCR technology simplifies financial data extraction, eliminating time-consuming manual processes and enhancing productivity for lenders.

Are these challenges familiar to you?

These are the typical challenges reported by our underwriting customers before using DocuClipper OCR:

Manual data entrys is time-consuming.
High error rates in manual data extraction.
Difficulty in handling large volumes of documents.
Slow processing times delay loan approval decisions.
Difficulty in verifying the accuracy of extracted data.
Limited ability to quickly access and review document data.
Challenges in integrating extracted data with systems.
Lack of standardized formats across different financial documents.

Why you need specialized OCR solution

These are the top benefits experienced by our underwriting customers after using DocuClipper:

Automated data extraction saves 80+% time.
High accuracy reduces error rates by up to 99%.
Efficient handling of large document volumes.
Accelerates loan approval processes.
Ensures data accuracy and reliability.
Reduces need for physical document storage.
Quick access and review of document data.
Enhances data security and compliance.
Seamless integration with existing systems.

Simplified Loan Underwriting with DocuClipper in 3 Steps

DocuClipper’s Bank Statement and Tax Form OCR simplifies the process of converting PDF financial documents to Excel, CSV, or Google Sheets formats. Follow these easy steps to harness the power of OCR for your financial data extraction needs.

Borrower Application Completion

The borrower completes the loan application, providing all necessary financial documents, including bank statements, credit card statements, and tax forms.

Documents are Uploads to DocuClipper

The lender securely uploads the borrower’s financial documents to DocuClipper’s platform.

Data Extraction
& Analysis

DocuClipper automatically processes and extracts data from the uploaded documents, providing the lender with organized and accurate data ready for further analysis.

Simplify Financial Document Extraction for Loans

Our advanced OCR technology provides 99.5% accuracy in converting bank statements, credit card statements, and tax forms, giving you clean data for financial analysis.

Automatically Convert Any PDF Bank Statement to Excel, CSV, QBO in Seconds

Cut hours of work with bank statements down to minutes. DocuClipper bank statement converter, with a 99.6% accuracy rate, works with all bank statements. Easily convert all your clients’ bank statements and import the bank transactions into any ERP or accounting software.

Top Features

Automatic Conversion for Any PDF Bank Statements Drag and drop your bank or credit card statements into DocuClipper, and it automatically converts them into Excel, CSV, or QBO formats in seconds.
Supports Both Scanned and Digital PDF Versions You can upload both scanned and digitally generated PDF bank statements to DocuClipper, and it will accurately extract the data from either type.
Seamless Integrations Connect DocuClipper with your preferred accounting software, such as QuickBooks, Xero, and Sage, to directly import the converted bank statements.
Bank Statement Reconciliation DocuClipper automatically reconciles your bank statements by comparing the transaction totals with the summary information.
Automatic Multiple Account Detection Upload a bank statement with multiple accounts, and DocuClipper will automatically detect and separate the transactions for each account.

Automatically Extract Data from IRS Tax Forms

Simplify your tax document processing with DocuClipper’s advanced OCR technology. Automatically extract and convert key data from IRS tax forms, including 1120, 1040, 1099, and W2, ensuring accuracy and compliance. Export the data into Excel, CSV, or seamlessly integrate it into your accounting and tax software.

Top Features:

Automatic Conversion for Any IRS Tax Forms Quickly and accurately convert any IRS tax form to Excel, CSV, or other formats.
Supports Both Scanned and Digital PDF Versions Efficiently process both scanned and digital PDF versions of IRS tax forms.
Seamless Integrations Easily integrate extracted data into your existing accounting and tax software.
Accurate Data Extraction for All Tax Form Fields Ensure precise extraction of all relevant fields from various IRS tax forms.

Easily Import Your Data to Any ERP or Accounting Software

DocuClipper seamlessly integrates with QuickBooks and allows you to export your data into several format types so you can easily import your processed documents into any of your accounting or ERP software.

One-Click QuickBooks Import Connect DocuClipper with your QuickBooks account to automatically upload data from invoices, receipts, and bank statements directly into QuickBooks.
Specialized Export Options DocuClipper offers specialized export options for Xero, Sage, Quicken, and other accounting software, ensuring seamless data integration.
Wide Export Options Export your data to CSV, Excel, QBO, QIF, and other file types, facilitating easy import into any accounting or ERP software.

We Ensure Your Data Is Safe

DocuClipper delivers top-tier security, featuring SOC 2 compliance, Amazon’s robust servers, and AES 256-Bit SSL encryption, ensuring your data remains protected.

Speed Up Your Underwriting Processes & Minimize Credit Risks

Discover how DocuClipper enhances underwriting efficiency by streamlining data extraction from key financial documents, reducing risks, and ensuring seamless integration with existing systems.

Loan Application Processing

Extract and verify applicant financial data quickly and accurately for faster, more informed loan decisions.

Creditworthiness Assessment

Analyze bank and credit card statements thoroughly to provide precise and reliable credit evaluations.

Document Standardization

Convert varied financial documents into uniform, standardized formats for easy and efficient review by lenders.

Tax Return Analysis

Extract comprehensive data from tax forms to accurately assess an applicant’s financial health and history.

Compliance Reporting

Automate the extraction of critical data for regulatory compliance, ensuring accurate and timely reporting.

Fraud Detection

Identify and analyze discrepancies in financial documents to detect and prevent potential fraud effectively.

Data Integration

Seamlessly integrate extracted data into existing loan management systems for streamlined operations.

Customer Documentation

Efficiently manage, store, and retrieve applicant financial records digitally, reducing physical storage needs.

Financial Trend Analysis

Analyze financial documents to identify and understand applicant spending patterns and trends.

See Why Finance Professionals Love DocuClipper

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DocuClipper saved us a lot of time

DocuClipper has helped us eliminate several manual data entry processes, saving us a lot of time.

Read Customer Story

Kristin M. Staff Accountant, Sikich

Excellent customer support and great software

My team has reported back to me that you have been supporting them really well and that they are really happy with the software.

Sally-Ann T. Head of Accounting & Tax, Hawksford

DocuClipper simplifies importing bank statements

Importing the bank statement from any bank and receiving an excel file in seconds.

Stacey G. CEO

It works Amazingly

I HIGHLY recommend using this service. I tried different solutions. It was the only one that really worked.

Amin S. Co-Founder

Saves a lot of time

Easy-to-use, offers custom bank templates, continuous improvement, helpful support, self-checking reconciliation, and fair pricing.

Nikolay A. Accountant

Essential for bookkeping business

Efficiently converts PDF bank statements into CSV files for convenient financial management.

Justin B. Small Business Owner

Very easy to use and very reliable

It is extremely easy to drag and drop the statement into DocuClipper; conversion is very fast. Captured ALL data vs competitor.

Jeanette A. Manager

Great value service

I HIGHLY recommend using this service. It has saved me days of work over the last few months and is reasonably priced.

Daniel P. Associate Accountancy

Super useful tool for batch data entry

The batch data extraction feature is great to process a bunch of forms and get the data automatically on Google Sheets for you to use.

Joan G Engineer

Huge time saver for dealing with PDF data

Quickly extracts transaction data from PDFs, supports international banks, and offers a reconciliation feature for fact-checking.

Bryce Y Consultant

Conquering Challenging Absa Bank Statement Conversion

Successfully converts difficult Absa bank statement PDFs, outperforming other conversion software options.

Frans M. Senior Consultant

DocuClipper is a lifesaver

Saves time during tax season, quickly converting bank statements to usable format, reduces human error, and offers flexible pricing.

Julia J. Accountant

Easy to use

User-friendly interface, easily converts bank statements for accounting software imports, and delivers satisfying results.

Wayne M. Small Business Owner

Best for bank statement conversions

DocuClipper offers a user-friendly interface and requires no additional editing for seamless conversions.

Amelia V.

Bank statements convered in seconds

Better than the competition. Definitely better. So easy to use. Would like to promote Docuclipper on my business social media.

Cherine M. Business Accountant

DocuClipper Supports Various Finance Software Formats

Provides multiple download format options, compatible with popular finance management software and services.

Braxton B. Finance

Smartest software out there

Amazing software. We do a lot of pdf to excel conversions as an accounting firm, and Docuclipper is the most accurate and intelligent of any other service we have tried.

Ankur V. Accountant

Try the #1 Financial OCR Solution for Lenders

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FAQs about DocuClipper's OCR Solution for Mortgage and Small Business Lenders

What is automated bank statement data extraction?

Automated bank statement data extraction uses advanced OCR technology to swiftly and accurately pull financial data from bank statements. This eliminates manual entry, reduces errors, and accelerates the underwriting process, making it a sought-after solution for lenders aiming to enhance efficiency.

How can automated data extraction speed up the lending process?

Automated data extraction speeds up the lending process by quickly converting financial documents into usable data, reducing manual entry time, and minimizing errors, leading to faster and more accurate loan decisions.

Can automated extraction handle high volumes of applications?

Absolutely. Automated data extraction solutions are designed to scale operations, making them ideal for lenders dealing with high volumes of loan applications. By automating the process, lenders can handle more applications efficiently without compromising on accuracy.

How does automated extraction integrate with other accounting tools?

Most advanced data extraction solutions offer seamless integration with popular accounting and financial software. This allows lenders to directly import extracted data, further streamlining the lending process and ensuring compatibility with existing workflows.

Why is automated data extraction becoming essential for modern lenders?

With the rise in digital lending and the demand for swift loan approvals, manual data verification becomes a bottleneck. Automated data extraction addresses this by offering a faster, more accurate, and scalable solution, making it indispensable for lenders aiming for growth and efficiency.