Simplify 1071 Compliance with Encapture’s Small Business Lending Solution

Encapture’s 1071 solution automates the collection and validation of all 81 required data fields for small business loans, ensuring compliance with Dodd-Frank requirements while reducing the burden on your team.

Why automate?

• Automated Data Collection & Validation: Seamlessly extract and validate key data fields like Gross Annual Revenue, loan purpose, and demographic information directly from your LOS and document repositories.
• Ensure Data Accuracy: Maintain 100% data integrity with automated error detection and real-time reporting, minimizing the risk of costly compliance errors.
• Streamline Regulatory Reporting: Eliminate manual data entry and scrubbing for all 81 required data fields, enabling your team to efficiently meet the increased reporting requirements of the 1071 rule.
• Reduce Operational Costs: Avoid additional FTE hiring and complex training programs by automating routine compliance tasks.
• Proactive Compliance Management: Equip your compliance team to handle evolving regulations with confidence and precision, ensuring your institution is always audit-ready.