Ocrolus vs StatementReady for bank statement loan files
Ocrolus describes itself as an AI workflow and analytics platform for lenders, with pages for mortgage lenders and small business funding. StatementReady works only on bank statements for bank statement loan files.
Sources: https://www.ocrolus.com/; https://www.ocrolus.com/mortgage/ (checked November 5, 2026)
Compared on November 5, 2026. Ocrolus details come from Ocrolus's public pages as checked on the date in each row and may have changed. StatementReady details are from statementready.net on the publish date.
Ocrolus and StatementReady both read uploaded bank statements. Here is what each lists publicly, side by side, for a bank statement loan file. We describe what StatementReady does, then what Ocrolus lists. We don't rate either one. The table shows only the rows that both companies describe on their public pages.
What StatementReady does
Upload 12 or 24 months of a self-employed borrower's business or personal bank statements.
StatementReady builds an income worksheet from the uploaded statements using the months, ownership % and expense factor you enter. It's a tool to check against your lender's guidelines, not a lending decision. You and your lender make the final call on what counts as income.
What Ocrolus lists
Ocrolus describes itself as an AI workflow and analytics platform for lenders. Its pages describe "Specializing in bank statements, pay stubs and tax documents," and its mortgage page says it can "Transform bank statements, pay stubs and tax forms into decision-ready income data."
Sources: https://www.ocrolus.com/; https://www.ocrolus.com/mortgage/ (checked November 5, 2026)
Side by side
| StatementReady | Ocrolus, as listed on its public pages | Source and date checked | |
|---|---|---|---|
| Who it's described for | Upload 12 or 24 months of a self-employed borrower's business or personal bank statements. | Its pages describe an AI workflow and analytics platform for lenders, with pages for mortgage lenders and small business funding. | https://www.ocrolus.com/mortgage/ checked November 5, 2026 |
| Documents read | StatementReady works only on bank statements for bank statement loan files. | Bank statements, pay stubs and tax documents. Its mortgage page says "Index 2,000+ document types." | https://www.ocrolus.com/mortgage/ checked November 5, 2026 |
| Upload formats | You can upload separate PDFs or one combined PDF, and StatementReady splits it into individual statements and detects the account and period for each. The limit is 20 MB per PDF. Digital PDFs are read from their text, and scanned or photographed statements saved as PDF are read from the page images. | Its FAQ answers "Can you handle images (non-pdf)?" with JPEG, PNG, BMP, GIF and TIFF. | checked November 5, 2026 |
| Income outputs | StatementReady builds an income worksheet from the uploaded statements using the months, ownership % and expense factor you enter. It's a tool to check against your lender's guidelines, not a lending decision. You and your lender make the final call on what counts as income. | Its mortgage page says it can "Transform bank statements, pay stubs and tax forms into decision-ready income data," with "Support for a wide variety of income types including W2, 1099, gig, self-employed, rental and more." | https://www.ocrolus.com/mortgage/ checked November 5, 2026 |
| Statement outputs | You get an .xlsx with the income summary and month rows, the letter-of-explanation list and average daily balances. CSV and PDF exports are also available. | Its FAQ says it provides "insight into borrower cash flow dynamics, including income and revenue, expenses, transaction categories, ratios, and trends." | checked November 5, 2026 |
| Deposits and transactions | StatementReady excludes matched internal transfers, refunds, tax refunds and returned items automatically, and you can override any item. Deposits that look like wages or payroll, Social Security, SSI, pension, rent or child support aren't counted by default either, and you can count any of them back in the Review queue. | Its FAQ says it can "call out transaction types within documents. For instance, we can group together recurring payments on a bank statement." For transactions from other lenders, it describes "a library of lenders with over 700 variations on lender names." | checked November 5, 2026 |
| Unit of charge and listed price | Your first 2 loan files are free, no card required. Then pay as you go at $15 per loan file, paid in advance, or Solo at $49/month with 6 loan files a month ($490/year with 72). Extra loan files on Solo are $8 each. | No prices are listed on the pages checked. Its FAQ says: "Pricing varies based on document type, extraction needs, volume, and contract terms." | checked November 5, 2026 |
| Free start | Your first 2 loan files are free, no card required. | Its FAQ says a free trial lets you "analyze up to 100 pages of bank statements, W2s, 1040s and pay stubs." | checked November 5, 2026 |
Ocrolus lists no prices on the pages checked and StatementReady prices by loan file, so the price rows can't be compared one to one.
Ocrolus details are from Ocrolus's public pages on the date shown and may have changed. Check Ocrolus's site for current details.
StatementReady assists your review. It doesn't make underwriting or credit decisions, and it doesn't replace your judgment or your lender's guidelines.
Where Ocrolus may fit
If you also need pay stubs, tax forms and other document types read in the same tool, or work on small business funding as well as mortgage, Ocrolus's pages list those uses. StatementReady works from bank statements for bank statement loan files.
Sources: https://www.ocrolus.com/; https://www.ocrolus.com/mortgage/ (checked November 5, 2026)
Where StatementReady fits
(Solo) Re-run a completed file under a saved profile without re-uploading or re-extracting the statements — only the calculation runs again. Configured by you from your saved settings — not a lender determination. Confirm the current guideline with the lender before you rely on it.
Reconciled means the transactions add up to the printed balances. It doesn't confirm that each deposit is eligible income.
How uploaded statements are processed, including AI reading of scanned pages, and when they're deleted is described in our Privacy Policy (Sections 4 and 6).
See what StatementReady produces from 12 months of statements before you sign up: the sample worksheet uses made-up data, and every download is marked SAMPLE.
FAQ
What's the difference between Ocrolus and StatementReady?
Ocrolus describes itself as an AI workflow and analytics platform for lenders, and its FAQ says pricing varies based on document type, extraction needs, volume, and contract terms. StatementReady builds a bank statement income worksheet for a mortgage loan file, priced by loan file. The table above shows what each lists, as of the date shown.
How does StatementReady check that the numbers are right?
Every statement is checked to the cent: opening balance plus credits minus debits must equal the closing balance. It also checks that each closing balance matches the next opening balance and flags missing months. Statements that don't reconcile, or can't be checked, are marked Unverified, and exports carry that warning. You review flags and can edit rows.
How is income calculated on a bank statement loan?
On a bank statement loan file, income is worked out from the deposits your lender will count over the look-back period, divided by the number of months, then adjusted by the borrower's ownership share and the program's expense factor. Requirements vary by lender and program. StatementReady's worksheet does exactly that: average counted deposits × ownership % × (1 − expense factor).
Does StatementReady make the lending or income decision?
No. It doesn't make a credit decision. You review the flags, and you and your lender stay responsible for checking the results against program guidelines.
How much does StatementReady cost?
Your first 2 loan files are free, no card required. Then pay as you go at $15 per loan file, paid in advance, or Solo at $49/month with 6 loan files a month ($490/year with 72). Extra loan files on Solo are $8 each.
Where does the Ocrolus information on this page come from?
From Ocrolus's public website, on the date shown in each row. We didn't sign up for or use Ocrolus's product. Details may have changed. Spot something out of date? Email support@statementready.net.
StatementReady assists your review. It doesn't make underwriting or credit decisions, and it doesn't replace your judgment or your lender's guidelines.
Try it on your next loan file.
Your first 2 loan files are free, no card required.
Then pay as you go at $15 per loan file, paid in advance, or Solo at $49/month with 6 loan files a month ($490/year with 72). Extra loan files on Solo are $8 each.
Ocrolus is a trademark of its owner. StatementReady isn't affiliated with or endorsed by Ocrolus.
Comparison information about Ocrolus comes from Ocrolus's public pages as of the dates shown and may have changed.
Spot something out of date? Email support@statementready.net.