Deposits

This section will include all of the transaction-level details Ocrolus has extracted from the bank statements that were collected. These transaction amounts will directly impact the borrower’s qualifying income amount. 

• To include or exclude a specific transaction from the qualifying income amount, simply select the drop-down field and change the input:

How does Ocrolus determine what is considered a “deposit”?

After we run the query on our bank statement details to capture each unique transaction, we will look for any amount that exceeds $0.

How does Ocrolus determine what is included and excluded in the income amount?

Ocrolus has collected feedback from our large database of clients over time to learn more about what should be included or excluded from income on a bank statement. We have used this feedback to create a library of rules that inform how our OCRng technology tags transactions, typically based on certain taxonomy within the deposit description.