Real-Time Loan Decisions with 6 Click Lending

The emergence of digital disruptors such as Apple, Google, Amazon and PayPal have led consumers to demand simpler financial solutions, fast responses, access anytime, anywhere and service across all...

Snehal Fulzele 2nd September 2015

The emergence of digital disruptors such as Apple, Google, Amazon and PayPal have led consumers to demand simpler financial solutions, fast responses, access anytime, anywhere and service across all channels. Consumers, especially millennials, seeking student, medical and travel loans prefer online lenders for fast, convenient, and low rate consumer credit solutions over traditional banks.



loans-onlineIn order to satisfy the demand for quick loans, launch new loan products and scale-up quickly, online lenders need a completely configurable auto-decisioning engine for origination and underwriting, not a manual, labor intensive and long origination process. A simplified process is needed that takes as little as 6-clicks from application to funding. 6-Click Lending represents how easy it is to collect social, banking and credit data to score and price an application, submit an offer and complete the contract. When the borrower enters their application data online, our origination and underwriting platform, CL Originate, processes the application in real-time, creates the scorecard, generates pricing and enables the lender to make an immediate offer if approved. CL Originate provides a world class user experience with real-time third party data aggregation that feeds a completely configurable workflow within minutes.



Lenders with proprietary algorithms and unique underwriting criteria can easily leverage CL Originate’s powerful auto decisioning process builder and data aggregation capability to transform their long online loan origination process into a simplified 6-Click lending process from application to funding. This results in improved efficiency, better consumer experience and high revenue growth. Online lenders offering unsecured, personal and small ticket loans can greatly benefit from our 6-Click Lending process, providing the “wow” experience to consumers by making loans as simple to get as placing an order on Amazon. Now you can get a loan at the click of a button, quite literally!



real-time-loans

6-Click Lending


Resources

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EVENTS

DLAI FinTech Conference – 2018

India's Largest Fintech Conference Keynote Sessions 1. Consumer Lending - The Emerging Frontiers 2. SME ...

NEFA Finance Summit 2018 (Conference)

The National Equipment Finance Association (NEFA) is a national association serving small- to mid-size independent ...