| MOBILE INSTANT LOAN APPROVAL |
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A huge problem faced by finance companies and banks is the time taken for processing of a finance or credit card application because of the excessive load on the credit officers who become a bottleneck. AccelTree’s Mobile Instant Loan Approval solution helps reduce this load by prequalifying a prospect while the meeting with the prospect is still in progress. This is achieved by performing a “quick data entry” on the mobile device, followed by an immediate dedup check and credit evaluation using credit bureaus or a scoring engine. Prospects that get cleared can get directly routed for only documents verification before disbursement.
Benefits
- Increased customer focus
- Close deals faster
- Can be done anywhere – at a dealership or a mall or at the customer's location
- Reduce work load on the underwriting department