Why Automate Income and Employment Verification? The Bottom Line.

Why automate income and employment verification? The bottom line.

The last thing a lender wants is to lose potential customers due to inefficient in-house loan decisioning processes. Yet that’s so often the case when verification processes aren’t automated. But the customer wants instant gratification—an answer to his/her loan application within minutes—or they’re onto another lender.

Fact is, integrating and automating income and employment verifications makes for a faster loan origination process, from application through funding. Plus, it gives approvals back to dealers, potentially without stipulations. The bottom line?

• Make faster, better informed decisions

• Instantly see up-to-date information

• Get the big picture of a customer’s financial history

• Respond to loan applications quicker

• Close more deals, faster

Learn more in our eBook “Automated Income and Employment Data Could Fuel More Conversions.”