Second look
Compare
declined applicant parameters to lender templates outside your
organization
1st Loan Finder’s Internet Lending Center
is comprised of multiple lenders. Some of these lenders may
have selected to become second look participants.
If you choose, and the option is available, your
declined applications are processed against the other participating
lenders criteria, in an attempt to grant the loan.
Gain additional income from our
second look participants
When available, the applicant’s information is compared
against multiple lender criteria in an attempt to place the loan.
When the applicants criteria matches the lender parameters, the
lender accepts the loan and (a) will originate the loan and pay a
finders fee, or (b) will purchase the loan from the originator
paying any applicable fees.
These finders fees or purchase
fees are shared with the loan originator, allowing YOU
to gain benefit from otherwise declined
loans.
Gain increased revenues as a second
look participant
As an Internet Lending Center client you may opt to become a
second look participant.
As a second Look participant.
declined loans will be run against your lending criteria and if a
match is found YOUR
institution is offered the lending opportunity. You gain additional income
from the grant of this loan, and in return, pay a small finder’s fee to
the loan originator.
You may participate in specific loan products or
groups of loan products, and specify your inclusion as an originator
or purchaser.
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