Banks like $1B Planters Bank
are looking ways to grow home improvement loans and HELOCs. MinuteLender® can complete an application, approval and loan documents of an
unsecured home improvement loan in five minutes. Others are leveraging our online HELOC full pre-approvals in a minute. All can be done on a mobile smart device or
computer, inside the branch or out. This
speed and simplicity drives more loan
volume from new customers and current mortgage referrals, both for secured
HELOCs and unsecured loans in minutes.
MinuteLender® can provide a pre-approved offer with an automated credit application and approval
or disposition including adverse action all automated in a minute. Reg B and Reg C allow for changes or
adjustment based on collateral documentation and verification. It uses a hard pull credit information and debts on a
customer. and their interest. The loan
is considered an obligation of the FI unless collateral on further analysis
identifies collateral or title deficiencies not reported by the customer. Loan closing, any final property valuation,
title search, other underwriting and document closing execution occurs through
the FI.
For an unsecured home improvement loan, MinuteLender® provides a completed loan decision or disposition including adverse action in a
minute. Further, it presents loan
documents and fully completes the loan with e-sign in five minutes.
For
more information on leveraging MinuteLender for HELOCs and home improvement
loans visit www.rcgiltner.com
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