• Collect and extract data from missing documents from the borrower or dealer
• Auto-validate documents at the first point of touch
• Provide document audit trail with time stamps and chain of custody
Faster Loan Funding. Stronger Dealer Relationships. Total Compliance.
Auto fund loans in less than an hour. Accept contracts and ancillary documents through the dealer-preferred channel. Ensure quality and compliance.
SVP of Enterprise Technology at Truist:
“I truly believe we could not have launched this in less than six months without the responsive and dependable support Encapture provided.”
AI-Driven Auto Loan Processing
Ensure quality and compliance
Create more bandwidth
• Auto-compare and auto-calculate data from RIC and trailing documents
• Synchronize data across your systems of record and funding platform
• Increase lending capacity without adding additional headcount
Cut processing time
• Reduce contract processing time by 90% to less than one minute
• Pull key details—VINs, borrower names, amounts, addresses, signatures—with 70%-98% accuracy, and deliver data to your loan origination system and servicing platform.
• Eliminate costs and quality issues associated with outsourced processing services
Sales and Dealership
Decrease error rates on invalid or missing data within a deal jacket
• Reduce exception queue review times from 15-20 minutes to under 3 minutes per loan
• Eliminate manual indexing by outsourced vendors
• Increase efficiency within the direct-to-consumer channel
Create tighter document controls
• Auto-request missing documents from dealerships
• Future-proof your business by readying for an increase in eContracting
• Support future growth in the direct-to-consumer channel
Increase customer satisfaction
• Fund contracts same day
• Enable dealers to send a contract and ancillary documents via the preferred channel
• Increase coverage map to include auto, RV, and marine products