Internet
Lending
The Internet
is having a profound impact on the future of lending. Members seek
the convenience and freedom offered by the Internet while Financial
Institutions seek to reduce transaction costs and offer 24-hour member
service.
Financial
Institutions may now offer on-line instant loan approval for vehicle
loans and personal loans and on-line applications can be processed
for Mortgage and Home Equity loans with no lines and no waiting.
DEMO, THE
NEW SOFTWARE THAT IS CHANGING
THE WAY FINANCIAL INSTITUTIONS APPROVE
LOANS TODAY
Members may apply
and be approved for loans from anywhere they have Internet access.
The loan application process takes only a few minutes and the member
receives an approval or referral in less than 2 minutes. The system
generates customized loan applications, which display the financial
institution logo and contact information, thus it appears that the
whole transaction is being handled by the financial institutions.
The entire process is transparent to the member.
Once the credit
bureau report has been obtained, the underwriting process is completed,
information is faxed to the financial institution. If the loan is
approved, the financial institution processes it according to their
usual system. It the loan is not approved, the applicant is referred
to a loan officer. Either way, the financial institution maintains
FULL control of all applications.
One of the
highest levels of security possible has been implemented for sending
personal information via the Internet. Secured encryptions methods
are used that are standard for online commerce and Internet transactions.
The system is also year 2000 compliant.
FOR SERVICE OPTIONS, PRICING
DETAILS,
AND MORE INFO
