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.

See How

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

• 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

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