BENEFITS
- A truly “paperless” process for obtaining a customer’s credit application, privacy notice, and signatures!
- Electronically stores customer ‘DNA’, such as handwritten application, signatures, scanned Driver’s License and supporting documents
- Eliminates paper deal folders with private customer information, often left in the open on desks, exposing the information to identity theft or ‘leakage’ to competitors
- Eliminates risk of internal identity thieves and dealer liability since salespeople have no consumer information to take with them when they quit or are terminated
- Eliminates half-completed credit applications or mis-entered data entry
- Automatic OFAC watch list screening to comply with the USA Patriot Act
- Electronically archives all applications for 5 years to help comply with the Equal Credit Opportunity Act, Safeguards Rule and Red Flag Rule
- Archives required documentation for secondary lenders such as pay stubs, phone bill, and proof of residency
- Generates mass Adverse Action letters in an easy to use batch reporting format
