Encapture and Abrigo Announce Partnership to Help Financial Institutions Streamline Loan Origination
Capturea fast-growing SaaS platform that helps banks like Wells Fargo, Frost Bank and Truist automatically extract important information from documents, today announced a partnership with Shelterthe leader in compliance, credit risk and lending solutions for financial institutions.
Both Encapture and Abrigo serve the commercial lending space, each dedicated to bringing efficiency and streamlining the traditionally manual processes of financial institutions. Launched 20 years ago in Dallas, Texas, Encapture helps financial institutions save time and money by using machine learning to process large amounts of data. Abrigo helps banks and credit unions with everything from loan application to loan underwriting to loan administration on one platform.
The new partnership will provide users with the ability to seamlessly sync Encapture’s machine learning automation with Abrigo’s lending platform, automating the distribution of all types of tax forms to using machine learning and creating a more consistent and accurate process for entries, providing greater underwriting confidence. treat.
The integration with Encapture will be launched on the Abrigo platform on September 16, 2022.
“By partnering with Encapture, we’re helping bank and credit union staff focus on breakdown and ratio analysis rather than data collection and entry,” said Abrigo’s president, Jay Blandford. “Faster loan decisions mean happier lenders, analysts and borrowers.”
“We are excited to partner with Abrigo to expand their intelligent automation capabilities,” said Will Robinson, CEO of Encapture. “Current market conditions require lenders to act quickly and deliver exceptional digital experiences to both their borrowers and their employees.”
Capture is a machine learning platform that accelerates time to funding, improves lending margins, and reduces regulatory risk for banks, credit unions, and fintech lenders. As an omnichannel solution, Encapture easily integrates with any banking or lending process to automatically verify incoming documents, automatically populate business systems with key data points, and automatically request additional documents that may be missing or missing. incorrect. Visit www.encapture.com to learn more.
Shelter enables U.S. financial institutions to support their communities with technology that
combats financial crime, increases loans and deposits and optimizes risk. Abrigo’s platform centralizes institution data, creates a digital user experience, ensures compliance, and delivers efficiency for large-scale, profitable growth. Visit www.abrigo.com to find out more. Follow Abrigo on social media using @WeAreAbrigo.