By Celeste Rearick
A slow loan application and funding process can wreak havoc on a lender—and dealer’s—bottom line. Instant income and employment data, however, could change the way lenders make decisions. In fact, building in decisioning criteria could bring them toward an environment where every loan decision is seamlessly backed by data.
The benefit of automated workflows is quicker processing of approvals back to dealers, potentially removing stipulations faster for qualified customers. And that’s especially good for the dealer—and the buyer.
Learn more in our eBook “Automated Income and Employment Data Could Fuel More Conversions.”