How much does AI document collection and processing cost for a mortgage shop?

Seven tools sit in the Document Collection, OCR & Processing Automation category, read on the vendor's own site on October 31, 2026, and one of them posts a price: Floify at $99/user/mo on its Per User plan, $299/mo for a Team plan covering one LO plus four support users, and a $71/mo Broker Edition offer through Brokers Are Better. The other six, from Maxwell Point of Sale and LiteSpeed to Ocrolus, Infrrd for Mortgage, Snapdocs Quality Control and DocMagic One, are priced by quote. Here is what each one reads with AI, who it is sold to, what it plugs into and what it posts on borrower data.

The posted price

• Floify: $99/user/mo (Per User plan, monthly) or $299/mo Team plan (1 LO + 4 support users); Broker Edition and Lender Edition priced by quote, with a $71/mo Broker Edition offer through Brokers Are Better. Dynamic AI reads the pay stubs, W-2s and IDs a borrower uploads and pre-fills the application. Names LendingPad, Jungo and Surefire. No SOC 2 or borrower-data statement is posted on the pages we opened, so ask before you buy.

Priced by quote

• LiteSpeed: priced by quote; sold to banks, IMBs, credit unions and brokers of all sizes running Encompass. LiteSpeed Sidekick summarizes the file, flags red flags and turns Encompass conditions into borrower requests; LiteSpeed Agents classify documents and organize the eFolder. Posts SOC 2 and end-to-end encryption, with borrower data kept inside the customer's Encompass environment.
• Maxwell Point of Sale: priced by quote; built for banks, independent mortgage banks and credit unions. AI-Powered Document Validation checks each upload for legibility, password locks, document type, missing pages and files that should be split. Posts SOC 2 Type II and AES-256 encryption.
• Ocrolus: priced by quote; document AI for lenders that reads bank statements, pay stubs and tax forms and calculates income across W-2, 1099, self-employed and rental cases, with Inspect for condition creation and clearing. Posts SOC 2, SOC 3, ISO 27001, PCI DSS and GLBA.
• Infrrd for Mortgage: priced by quote; Document AI pre-trained on 500+ mortgage document types plus a Deep Worker for Mortgage agent for exceptions. Posts SOC 2 Type II and ISO 27001.
• Snapdocs Quality Control: priced by quote through a demo request; Funding QC reviews critical-to-fund documents on upload and Post-Close QC indexes the full file, with AI reviews backed by human validation. Trust Center posts SOC 2 Type II, ISO 27001 and the FTC Safeguards Rule.
• DocMagic One: priced by quote for new buyers; DocMagic's launch release states existing DocMagic customers receive it at no additional cost. Assistive AI agents, loan health scoring and AI search and chat sit on top of document preparation, eSign and eClosing. No security or data-handling statement is posted on the pages we opened, so ask before you buy.

Who each tool is written for

Floify is sold to independent loan officers, broker shops and lender branches. LiteSpeed names brokers alongside lenders. Maxwell Point of Sale, Ocrolus, Infrrd for Mortgage and Snapdocs Quality Control are written for lender operations teams. DocMagic One names loan officers, closers and settlement partners as users.

What plugs into what

Encompass appears in the Works with column for LiteSpeed, Maxwell Point of Sale, Ocrolus and Infrrd for Mortgage. Floify names LendingPad, Jungo and Surefire. Snapdocs Quality Control names Empower and Vesta. DocMagic One names no integration.

The compliance line

Five of the seven post a security standard, all SOC 2 or stronger. Floify and DocMagic One post no SOC 2, TCPA or borrower-data statement on the pages we opened, so ask before you buy.

Quote-based means the vendor posts no price; budget for a demo and ask for per-loan versus per-user terms, since the sheet records Floify's Lender Edition as per closed loan.

Quick answers

What is the lowest posted price for an AI document tool in this category?

Floify posts a $71/mo Broker Edition offer through Brokers Are Better for one LO user plus one support user, and $99/user/mo on its Per User plan. Every other tool in the category is priced by quote.

Which AI document tools calculate income, not just read documents?

Ocrolus calculates income across W-2, 1099, self-employed and rental cases, and LiteSpeed turns Encompass conditions into borrower requests after analyzing the file. Both are priced by quote.

Which ones post a SOC 2 statement?

Maxwell Point of Sale, Infrrd for Mortgage and Snapdocs Quality Control post SOC 2 Type II; LiteSpeed posts SOC 2; Ocrolus posts SOC 2, SOC 3, ISO 27001, PCI DSS and GLBA.

Can a broker shop buy any of these?

Floify sells a Broker Edition and posts $99/user/mo and $299/mo Team pricing, and LiteSpeed is sold to brokers of all sizes by quote. The remaining tools are written for lender operations teams.

Not sure which fits your business? Get help choosing.