Finance Exprress

Finance Express

Make Better Choices - Instantly

ISOexpress® is built upon the TotalFinance® Application Framework.


Finance Express

FinanceExpress® is a fully featured application, underwriting and decisioning system that can support a multitude of financial products, including merchant applications and ISO's, home mortgages, auto, boat and RV loans, credit cards, and more.

 

This new product from Creditdiscovery will change the face of underwriting by greatly increasing the speed at which it takes place.

 

With a newly integrated "auto-complete" technology, (a proprietary feature from Creditdiscovery), FinanceExpress® allows a bank employee to enter an applicant's social security number, (or alternatively the name and last 4 digits of the social security number), into FinanceExpress®, and the application completes itself. A demonstration of this technology, showed that the name, addresses, telephone numbers, DMV information, date of birth, owned businesses, etc., all get populated automatically, thereby eliminating the need for data-entry. A consumer simply signs the electronic application, using a signature pad attached to a PC, and Finance Express then attempts to instantly approve the applicant for ALL banking services, including Checking, Savings, VISA/MasterCard, Personal Lines of Credit, Auto Loans, etc. Finance Express can also approve the applicant for business products as well, including Merchant Services, Business Lines-of-Credit, Insurance, etc., although these services do require the entry of additional information. Creditdiscovery clients are finding that New Accounts desks are able to sell up to 4 products per application, where prior, they sold an average of 2.2 products per applicant. Applicants also seem happier with the new solution, as application times are completed within 5 minutes, versus 30, and one application, versus several.

 

Finance Express is integrated into the Creditdiscovery Distributed Underwriting and Exceptions Infrastructure, allowing underwriting groups to complete underwriting electronically. For these groups, Creditdiscovery provides a means by which underwriters can interact with the applicant via telephone, the web, email, FAX, etc., and exchange documents over time to complete the underwriting process. All of these services are managed via an Internet based ASP service, managed and operated by Creditdiscovery. Back-end connectivity allows financial institutions/groups to integrate application data into their systems in real-time, thereby reducing application processing times to minutes instead of days.

 

How Much Does it Cost?

For pricing information, please contact Sales, or see the Contact Us page for telephone numbers.

 

Support

Creditdiscovery's help desk is open every day of the year, 24-hours a day. To reach the help desk, please call (877) 789-4976.

 

 
 
 

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