|
Process
more loans
Instant
credit decisions
Typical Call Center operation
consists of the data entry clerk entering applicant information,
pulling a credit bureau report, and then determining the credit
rating of the loan applicant and/or submitting the application and
the report to an underwriter.
The number of loans they are able to process is limited by
staff availability.
1st Loan
Finder’s Internet Lending Center provides (a) ability to handle
multiple simultaneous dealer applicant submissions and (b) a clear
concise approval or decline within seconds. The resultant loan decision
is based on YOUR lending criteria.
Applications processed in
seconds
1st Loan
Finder takes advantage of high-speed
Internet access and the latest technological systems. Credit bureau reports are
pulled within seconds, data based, and analyzed along with applicant
provided information against YOUR lending criteria, achieving
overall response times in mere seconds.
Variable rate/term
decisions
Taking advantage of credit bureau identifiers, variable rate
tables can be implemented where loan amounts, interest rates and
terms are based on criteria such as, beacon scores, Fair Isaac
scores, bankruptcy Navigator, debt to income, loan to value, and
others.
Variable rates and terms are
achieved by scaling these factors, in the same manner as YOUR
current variable rate tables.
| 