Connect with us

Technology

Lender Toolkit Unveils Enhanced AI Underwriter with Ocrolus Integration for Unmatched Speed, Accuracy, and Scalability

Published

on

SALT LAKE CITY, Feb. 4, 2025 /PRNewswire/ — In today’s competitive mortgage industry, lenders constantly seek innovative tools to streamline operations and deliver superior borrower experiences. Lender Toolkit continues to lead the charge with its solutions that redefine how lenders process and underwrite mortgage applications. Combining speed, accuracy, scalability, and cost-savings, Lender Toolkit’s products ensure consistency in decision-making while enhancing the overall borrower journey.

Lender Toolkit leads the charge with solutions that redefine how lenders process and underwrite mortgage applications.

Today, Lender Toolkit is thrilled to announce an exciting partnership with Ocrolus and the integration of Ocrolus’ advanced document analysis technology into its product line. This powerful enhancement addresses a critical need in the mortgage underwriting process—the ability to efficiently handle unstructured data from electronic, scanned or physical documents.

Traditionally, Lender Toolkit’s products have relied on structured digital data from integrations with Encompass® by ICE Mortgage Technology® and other automated verification services. While this approach excels in leveraging machine-readable formats, the need for Ocrolus arose as lenders increasingly requested the ability to analyze a wide variety of document types, such as bank statements, pay stubs, and tax forms. AI Underwriter now bridges the gap with its Ocrolus integration, converting text from unstructured formats into machine-readable data, enabling seamless automation across all data sources.

Thanks to the new partnership with industry leader Ocrolus, who serves over 300 lending customers, Lender Toolkit’s AI Underwriter takes a significant leap forward in efficiency and accuracy. This upgrade allows lenders to:

Extract Data from Unstructured Documents: Automatically process scanned documents and images, eliminating the need for manual data entry.

Improve Underwriting Accuracy: High-precision Optical Character Recognition as well as AI and ML models to ensure reliable data capture, eliminating the need for manual document review.

Enhance Workflow Speed: Faster document analysis and automated verification that results in quicker loan application response times.

Increase Scalability: Handle large volumes of diverse document types directly within Encompass, simplifying complex lending scenarios and reducing errors or missed information.

“Our partnership with Ocrolus is a game-changer for Lender Toolkit and our clients,” said Brett Brumley at Lender Toolkit. “It allows us to not only process structured data but also tackle the complexity of unstructured documents, giving lenders unmatched efficiency and scalability in their operations.”

“Partnering with Lender Toolkit marks an exciting advancement in transforming mortgage workflows. Their innovative approach to empowering lenders aligns seamlessly with Ocrolus’ mission to drive smarter, faster lending decisions through advanced document automation.” said Vik Dua, Chief Operating Officer at Ocrolus. Together, we’re enabling more efficient, accurate underwriting processes that deliver better results for lenders and a superior experience for borrowers.”

With this enhancement, Lender Toolkit cements its position as a leading provider of advanced solutions for modern lenders, offering a groundbreaking tool that simplifies processes, reduces manual workloads, and delivers unparalleled accuracy in mortgage underwriting.

About Lender Toolkit 
Lender Toolkit™ leading platform Mortgage Automation as a Service (MaaS™) is powered by artificial intelligence (AI) and offers innovative and comprehensive solutions that streamline the mortgage origination process for mortgage lenders. The company’s software plug-ins, add-ons and programs can be integrated and run in tandem with the mortgage industry’s leading loan originations systems (LOS) where tasks that have traditionally been performed manually can be automated and customized. With Lender Toolkit’s trademark pending Responsible Mortgage AI, the company is quickly bringing mortgage lending into the future. For more information, visit www.lendertoolkit.com.

About Ocrolus

Ocrolus is a document AI platform that enables financial institutions to make faster, more accurate decisions. The company analyzes documents with over 99% accuracy, regardless of format or quality, supporting a wide variety of document types including bank statements, pay stubs and tax forms. Ocrolus provides over 500 customers with a trusted solution to classify documents, analyze cash flows and income and detect fraud. To learn more, visit Ocrolus.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lender-toolkit-unveils-enhanced-ai-underwriter-with-ocrolus-integration-for-unmatched-speed-accuracy-and-scalability-302369226.html

SOURCE Lender Toolkit

Continue Reading

Technology

2026 Canton Fair Design Award Winners Showcase China’s Innovation Strength

Published

on

By

GUANGZHOU, China, Oct. 19, 2026 /PRNewswire/ — As the 140th Canton Fair opens, the winners of the 2026 Canton Fair Design Award (CF Award) have also been announced. Winning products are now on display in Area D of the Canton Fair Complex, offering visitors a closer look at some of the latest advances in Chinese manufacturing and industrial design.

Among this year’s top honorees, a domestically developed high-performance sport motorcycle and an intelligent navigation capsule robot gastric endoscopy system received the Best of the Best Award, the competition’s highest recognition.

The Canton Fair also enhanced the visitor experience with a themed showcase area within the award exhibition. Built around four application-oriented concepts, namely Outdoor Pleasure, Smart Living, Cozy Home and Kitchen Elegance, the immersive displays demonstrate how innovative designs can be integrated into everyday life, helping visitors better understand the practical value behind these award-winning products.

This year, 4,218 products from 2,112 companies competed for the award. Following multiple rounds of evaluation, 222 products from 174 companies were selected.

The award-winning products reflect several key trends shaping the next stage of Chinese manufacturing. Innovation remains a defining theme, with breakthrough technologies ranging from upper limb motor function assistance and enhancement system to exoskeleton robots, underscoring the growing momentum of high-end manufacturing.

Meanwhile, intelligent technologies continue to gain traction across industries. Smart products account for more than 30% of this year’s winners, with AI-powered glasses, intelligent conference terminals and smart healthcare devices extending AI applications across home, office, medical and outdoor environments.

Sustainability is also becoming increasingly embedded throughout the product lifecycle. Green products represent over 40% of the winning entries, while innovations such as integrated energy-saving panels and sugarcane paper demonstrate how environmentally conscious practices are being incorporated into product design, materials selection and manufacturing processes.

Established in 2013, the Canton Fair Design Award is widely regarded as a benchmark for design innovation in China’s foreign trade sector. The award recognizes products that combine design excellence with commercial value, promoting the transformation and upgrading of Chinese manufacturing and supporting high-quality trade development. Entries are evaluated across five dimensions: innovation, quality, functionality, aesthetics and sustainability.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/2026-canton-fair-design-award-winners-showcase-chinas-innovation-strength-302911954.html

SOURCE Canton Fair

Continue Reading

Technology

InstaMall Launches Same-Day Fashion Delivery Experience, Bringing 80+ Brands to Shoppers’ Doors in Miami

Published

on

By

First-of-its-kind shopping app pairs artificial intelligence with same-day delivery, bringing luxury
and contemporary brands directly to customers’ doorsteps 

Featured luxury and contemporary brands include AllSaints, John Varvatos and Aritzia

MIAMI, Oct. 19, 2026 /PRNewswire/ — InstaMall, a first-of-its-kind shopping app offering same-day delivery and access to real-time inventory across luxury and contemporary fashion, launches today in Miami, Florida. Now available via iOS and Android, InstaMall provides access to more than 80 contemporary and luxury fashion brands across Miami’s five premier retail clusters, including Balmain, Louis Vuitton, Bottega Veneta, Ganni, Coach, Diesel, Reformation, Aritzia, Cult Gaia, Prada and more. InstaMall will add more brands within the app in the coming weeks and seasons. 

Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together through a more dynamic way to discover and shop for fashion. The experience combines access to luxury and contemporary brands with the convenience of same-day delivery, bringing the speed customers have come to expect across categories like food and groceries to fashion while maintaining the brand experience retailers and shoppers expect.

Within the app, customers will have access to InstaMall’s AI-powered stylist and virtual try-on features, making it easier to browse, discover and shop styles online. InstaMall’s AI Stylist serves as an intelligent shopping assistant that responds to customers’ preferences in real time. Customers can use the AI Stylist to receive product recommendations, build outfits, ask questions and discover new styles, while its virtual try-on feature allows them to visualize select items on themselves before making a purchase.

“InstaMall was founded on the belief that the convenience customers have come to expect from same-day delivery should extend to the way they shop for fashion,” said Elliot Aboud, Founder and CEO of InstaMall. “As fashion and technology continue to evolve together, we saw an opportunity to create a more seamless shopping experience that brings customers closer to the brands they love, combining a curated assortment, AI-powered styling and virtual try-on with the ease and convenience of same-day delivery.”

Prior to founding InstaMall, Elliot Aboud helped build the Aroma360 and Hotel Collection brands, overseeing the launch of the first retail store and expanding the retail footprint to more than 30 stores across the United States and two in Dubai. InstaMall is bringing fashion and luxury to the next generation with its seamless shopping experience and wide selection of brands.

Customers can download InstaMall through the Apple App Store or Google Play, or by going to instamall.co.

About InstaMall 

InstaMall is a same-day fashion shopping and discovery app reimagining how consumers shop for luxury and contemporary brands. Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together in an experience that gives consumers a more dynamic way to discover and shop. Where on-demand delivery has long existed for categories like food and groceries, InstaMall brings that same convenience to luxury fashion for the first time, delivering the same day without compromising the brand experience fashion retailers and their customers expect. The company launched publicly in Miami on October 16, 2026, and plans to expand nationally. For more information, please visit instamall.co.

View original content to download multimedia:https://www.prnewswire.com/news-releases/instamall-launches-same-day-fashion-delivery-experience-bringing-80-brands-to-shoppers-doors-in-miami-302911889.html

SOURCE InstaMall

Continue Reading

Technology

PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026

Published

on

By

BOSTON, Oct. 19, 2026 /PRNewswire/ — PTC (NASDAQ: PTC) will release its fiscal 2026 fourth quarter and full year results on Wednesday, November 4th after the stock market closes. As previously announced on October 5th, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric. In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.

The earnings press release and accompanying financial data tables will be accessible on the Investor Relations section of the company’s website at PTC Investor Relations.

About

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Investors

Michael Maguire
mmaguire@ptc.com
investor@ptc.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ptc-to-announce-fourth-fiscal-quarter-and-full-year-2026-results-on-wednesday-november-4-2026-302912229.html

SOURCE PTC Inc.

Continue Reading

Trending