ApprovedFast Online Application
The ApprovedFast Online Application dynamically collects loan information in seven simple customer-driven screens. A borrower logs on to the clients web-site, clicks on “Apply Now,” fills out a simple form with assistance from adaptive help content (follow the “bouncing ball”), and submits the application. Automated responses are made based on Occupancy, LTV, Credit Scores, Debt Ratio and required cash to close. Responses provide what documentation is required to complete the application and the ability for applicants to securely submit documentation..
PCLender incorporates the option to complete an inexpensive single bureau credit report to increase the accuracy of applications or to import a tri-merge report with credit score and liabilities to support an underwriting response from Freddie Mac’s Loan Prospector. Finally, you receive notification by e-mail or pager and are provided a secure copy of the loan file by e-mail.
Key benefits include:
- Automated approval and workflow for retail applications or business-to-business relationships
- Robust rule-based system that processes submitted data against predetermined conditions and determines borrower qualification
- Ability to export via a DU 3.2 export file
- Digital assistance that can be customized for each loan officer to be contacted text messaging or e-mail
- Multiple language options that allow you to expand your target market
Increase your business and fill your pipeline with mortgage loan application online processing capabilities from PCLender.