• 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 & chain of custody
Transform your auto lending operations
Increase profitability and originate, service, and collect loans efficiently with intelligent automation.
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.”
Development and Sourcing
Ensure quality and compliance
Create more bandwidth
• Auto-compare & auto-calculate data from RIC & trailing documents
• Synchronize data across your systems of record and funding platform
• Eliminate costs and quality issues associated with outsourced processing services
• Increase lending capacity without adding additional headcount
Cut processing time
• Reduce contract processing time by 90% to less than one minute
• Repurpose or eliminate staff required for data entry
• Achieve auto-funding for the majority of contracts
Funding Operations
Automate document processing
• Quickly implement using our no-code document library
• Eliminate IT maintenance costs
• Reduce exception review queue time by 85% to less than 2 mins per loan
Generate time and cost savings across the whole team
• Reduce time on task to eliminate future FTE needs as you grow
• Reduce outsourced vendor contracts by 50% across a paper
• Decrease error rates and ensure better compliance
Enable a word-class operations team
• Utilize exception queue for training and development of staff
• Enable your best staff to focus on high priority and strategic tasks
• Create dashboards to track your most important KPIs
Sales and Dealership
Decrease error rates on invalid or missing data within a deal jacket
• Reduce exception queue review times from 15-20 mins to under 3 mins per loan
• Eliminate manual indexing by outsourced vendors
• Increase efficiency within Direct to Consumer channel
Create tighter document controls
• Auto-request missing docs from dealerships
• Future-proof business by readying for an increase in e-contracting
• Support future growth in the direct-to-consumer channel
Increase customer satisfaction
• Fund contracts same day
• Enable dealers to send a contract and ancillary docs via the preferred channel
• Increase coverage map to include auto, RV, and marine products