Ocrolus, an automation platform that assesses financial documents, has joined forces with cloud banking software provider Blend to automate the end-to-end mortgage process.

Under the partnership, Ocrolus’ Human-in-the-Loop (HITL) document analysis solution will be embedded within the Blend platform.

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It is aimed at accelerating and streamlining the entire mortgage application process.

Initially, the partnership will focus on document automation, which includes classifying documents and recording data for mortgage applications.

Ocrolus co-founder & CEO Sam Bobley said: “Blend is a clear industry leader in cloud banking with a best-in-class user journey for consumers.

“At Ocrolus, we are hyper-focused on API-based document automation for lenders, a backend service that perfectly complements Blend’s powerful platform.”

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The firms will extend their partnership into other business areas in the future.

Blend business development manager Jeff Braddock said: “Blend is simplifying and streamlining the lending experience for consumers and bankers alike.

“We are enhancing the Blend platform with Ocrolus’ automated, accurate document classification and data extraction capabilities. Our partnership with Ocrolus enables us to swiftly deliver time-saving innovations to our customers.”

Blend’s technology is used by Wells Fargo, US Bank, and over 310 other financial services firms.

Recently, Ocrolus raised $80m in Series C funding, which valued it over $500m. It counts Brex, Enova, LendingClub, PayPal, Plaid and SoFi among its clients.

Last month, another US-based mortgage platform Interfirst raised $175m in funding. It uses technology and artificial intelligence to offer retail and wholesale offerings.