Latest news with #Inspect
Yahoo
02-07-2025
- Business
- Yahoo
Ocrolus expands Inspect with mortgage conditions to strengthen lending quality control
New capabilities close the loop between data discrepancies and underwriting action NEW YORK, July 2, 2025 /PRNewswire/ -- Ocrolus, the AI-driven data and analytics platform trusted by mortgage lenders, today announced a new condition creation interface and Encompass integration in Inspect, marking its evolution into a conditioning solution. Ocrolus Inspect now empowers lenders to detect discrepancies and take immediate action by creating and managing mortgage conditions directly within the platform. Users can name conditions, link them to specific discrepancies and seamlessly sync them back to the Encompass Form 1003, ensuring clear documentation and efficient issue resolution. With built-in tracking for condition status, Inspect enables teams to stay ahead of underwriting tasks and reduce pipeline friction. Launched to automate time-consuming and error-prone manual verification tasks, Inspect surfaces critical gaps between borrower-stated information and supporting documentation. These insights help underwriters and processors flag issues impacting borrower eligibility, regulatory compliance or potential fraud. By identifying missing documents, mismatched data and undisclosed information early in the process and now enabling proactive conditioning, Inspect gives lenders greater control over loan quality, helping them move files forward with speed, accuracy and confidence. "The ability to create, sync and track conditions within Inspect gives mortgage lenders a core decisioning engine to underwrite applications faster and with greater accuracy," said Vik Dua, President of Ocrolus. "We've heard from lenders in our early rollout that with these enhancements, they expect to reduce underwriter touches by up to 75%, while doubling the number of loans they can process with the same staff." With these enhanced capabilities, the solution streamlines discrepancy management by enabling users to manage conditions directly within the platform, closing the loop between insight and action to improve workflows and drive operational efficiency. "Inspect has made a big difference for our business," said Paola Patino, regional processing manager at Neighborhood Loans. "Our opening team uses Inspect at the very beginning of the file to catch discrepancies, like misspelled borrower names, incorrect dates of birth or mismatches between the property address and the purchase contract, that we wouldn't have caught otherwise. It's fantastic." Inspect is currently offered to Encompass® by ICE Mortgage Technology users as a new capability for mortgage customers and is now available to Ocrolus' network of over 130 mortgage lending partners. To learn more about Ocrolus' AI-powered data and analytics for mortgage lenders, or to schedule a demo, visit About Ocrolus Ocrolus is an AI-powered data and analytics 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 400 customers with a trusted solution to classify documents, analyze cash flows and income and detect fraud. To learn more visit View original content to download multimedia: SOURCE Ocrolus
Mint
01-06-2025
- Science
- Mint
Paraglider Peng Yujiang's viral video may not be as terrifying as he claimed; here's how AI may have aided it
Chinese paraglider Peng Yujiang made headlines for surviving a strong cloud vortex and accidentally rising to 8,000 metres. However, a NBC News report has suggested that the terrifying viral video, which may have been generated by artificial intelligence, at least partially. Peng had no oxygen masks and survived extreme cold and high wind speeds. He suffered frostbite and low oxygen levels but had recorded the entire 72-minute flight. 'It was terrifying... Everything was white. I couldn't see any direction. Without the compass, I wouldn't have known which way I was going. I thought I was flying straight, but in reality, I was spinning,' Peng told the Chinese media. According to the initial investigation, the first five seconds of the viral video might be AI-generated. In the viral clip, Peng can be seen gliding at high altitude with his legs dangling, but the footage is reportedly cropped. NBC News said Peng's video was cropped out to omit Doubao AI's logo, suggesting that the ByteDance-owned company's AI tool likely created at least the first five seconds of the viral video. The omitted portion of the viral video was uploaded separately to Facebook on May 25 with the company's watermark. 'It's unclear if the remaining footage of Peng gliding through the sky, which differs from the first five seconds, is authentic or not,' the news outlet said. GetReal Labs, an AI-verification company, corroborated the claims, stating that the analysis of the footage yielded proof of AI use. 'We were able to extract a few frames and analyse them using our Inspect platform, and our models confirm that the images are synthetic,' said GetReal Labs. It also said that several other elements in the video differed from the rest of the footage. News agency Reuters, which distributed the clip without the AI logo, has since removed the video. Other news outlets have also removed their versions of the video. 'We have reason to believe this is an AI-generated video and are currently working on killing this footage,' Reuters said. The Chinese paraglider has now been banned from flying for six months. Authorities in Gansu punished him for not submitting a flight plan and banned his companion, Gu Zhimin, for sharing the video online without permission. Peng Yujiang's flight was not officially approved. He, nevertheless, claimed he was doing ground paragliding training when strong winds lifted him up. The Gansu Aero Sports Association called it an accident, not illegal flying. Still, according to Sixth Tone, it suspended him from flying for six months.
News18
01-06-2025
- Science
- News18
Chinese Paraglider's Accidental 8,000m Feat Video AI-Generated? Check Details
Last Updated: The video clip contained no logo, but a portion of it uploaded to Facebook on May 25 had a Doubao AI watermark, indicating it was likely generated using Doubao AI's tool. A viral video claiming to show a Chinese paraglider's accidental ascent to over 8,000 meters has been found to be generated by artificial intelligence, at least partially, according to a report in NBC News. The paraglider, Peng Yujiang, 55, had reportedly claimed to have been lifted from 3,000 meters, but the unexpected conditions carried him nearly 5,000 metres higher. Peng Yujiang allegedly withstood temperatures of around -40°C and critically low oxygen levels, overcoming hypoxia and severe frostbite while remaining conscious, and safely landed back on the ground. However, the investigation reveals that the first five seconds of the video might be AI-generated. In the clip, Peng can be seen gliding at high altitude with his legs dangling, but the footage is seemingly cropped. The video clip contained no logo, but a portion of it uploaded to Facebook on May 25 had a Doubao AI watermark, indicating it was likely generated using ByteDance-owned Doubao AI's tool. advetisement 'It's unclear if the remaining footage of Peng gliding through the sky, which differs from the first five seconds, is authentic or not," the publication stated. AI-verification firm GetReal Labs analysed the footage and found evidence supporting the claim that AI was used to create it. 'We were able to extract a few frames and analyse them using our Inspect platform, and our models confirm that the images are synthetic," said GetReal Labs, adding that several other elements in the video differed from the rest of the footage. Meanwhile, news agency Reuters, which distributed the clip without the AI logo, has taken down the video. Other news outlets have also removed their versions of the video. 'We have reason to believe this is an AI-generated video and are currently working on killing this footage," Reuters said. Peng was testing used paragliding gear when the incident supposedly occurred. The video clip quickly went viral, with users praising Peng for remaining calm under extreme conditions. 'I had just bought a second-hand paragliding harness and wanted to test it, so I was conducting ground parachute shaking. After a while, the wind suddenly picked up and lifted me into the air. I tried to land as soon as possible, but I failed," Peng told the Chinese media. Peng and his friend, who posted the video, were banned from paragliding for six months for violating safety rules and flying without authorisation. Location : China First Published: June 01, 2025, 10:01 IST
NDTV
01-06-2025
- Science
- NDTV
Viral Video Of Chinese Paraglider's Accidental 8,000-Metre Flight Might Be AI-Generated
A viral video of a Chinese paraglider accidentally being propelled more than 8,000 metres high by an updraft has been found to be generated by artificial intelligence, at least partially, according to a report in NBC News. 55-year-old Peng Yujiang claimed that he was paragliding at approximately 3,000 metres, but the unexpected conditions carried him nearly 5,000 metres higher. He endured temperatures around -40 degrees Celsius and dangerously low oxygen levels. Despite experiencing hypoxia and severe frostbite, Mr Peng managed to remain conscious and safely navigated back to the ground. However, the investigation reveals that the first five seconds of the video might be AI-generated. In the clip, Mr Peng can be seen gliding at high altitude with his legs dangling, but the footage is seemingly cropped. The crop omitted a logo belonging to Doubao AI, suggesting it was likely created by the ByteDance-owned company's AI tool. The same portion of the video was uploaded separately to Facebook on May 25 with the company's watermark. "It's unclear if the remaining footage of Peng gliding through the sky which differs from the first five seconds is authentic or not," the publication stated. GetReal Labs, an AI-verification company, corroborated the claims, stating that the analysis of the footage yielded proof of AI use. "We were able to extract a few frames and analyze them using our Inspect platform, and our models confirm that the images are synthetic," said GetReal Labs, adding that several other elements in the video differed from the rest of the footage. News agency Reuters, which distributed the clip without the AI logo has taken down the video. Other news outlet have also removed their versions of the video. "We have reason to believe this is an AI-generated video and are currently working on killing this footage," Reuters said. Peng banned Notably, Mr Peng was testing secondhand paragliding equipment when the alleged incident took place. The video clip instantly went viral on social media with users lauding him for keeping calm. "I had just bought a second-hand paragliding harness and wanted to test it, so I was conducting ground parachute shaking. After a while, the wind suddenly picked up and lifted me into the air. I tried to land as soon as possible, but I failed," Mr Peng told the Chinese media. Mr Peng and his friend, who posted the video, received six-month bans from paragliding activities due to unauthorised flight and safety violations.
