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Lendio is now integrated with Ocrolus Encore
Lendio is now integrated with Ocrolus Encore, helping lenders review applications faster, access cash flow insights more efficiently, and reduce duplicate processing costs.
Many of our trusted lenders are familiar with Ocrolus to analyze borrower bank statements and verify financial data during underwriting. With the new Encore integration, that same trusted data can now move seamlessly between Lendio and Ocrolus, reducing friction and accelerating deal review workflows.
Encore enables lenders to access processed cash flow data directly within their existing Ocrolus workflows, helping teams move from application to decision more quickly.
What’s New with the Encore Integration
- Secure data sharing without credential exchange
- Encore eliminates the need to share borrower banking credentials or passwords between systems. Data transfers occur securely in the background within the Ocrolus ecosystem, helping streamline compliance and reduce operational friction.
- Automatic access to processed application data
- When Lendio sends a deal through Encore, the integration automatically generates a “book”, a snapshot of the processed borrower data. That snapshot is then delivered directly into the lender’s Ocrolus dashboard or made available through API integration.
- Faster application review and underwriting
- Encore simplifies document review by generating a single, standardized PDF processing report for lenders to evaluate. By reducing manual review steps, lenders can accelerate underwriting workflows and respond to borrowers faster.
- Reduced duplicate processing costs
- Encore also helps lower operational expenses by reducing the need to pay for duplicate Ocrolus processing on the same application data. Eligible lenders may also benefit from Ocrolus subscription cost savings through the integration.
The Ocrolus Encore integration helps lenders review applications more efficiently while maintaining access to the cash flow insights they already trust. The result is a faster, more streamlined experience for lenders and borrowers alike.
