FI’s will soon be inundated with refinance requests. FINOFR® can eliminate that back-office work with their digital loan modification tool. This automated program is available to both consumer and mortgage loan products. By leveraging core data FINOFR® is able to create personalized offers for consumers and the financial institutions riskbased pricing stays in place.
FINOFR's newest solution is a digital offer that increases product penetration in a post close environment. VPR is a digital user experience that allows the consumer to see a personalized real time vehicle warranty quote and gives them the option to roll it into their existing loan and lower their payment. No need for separate financing or a new loan. The entire process can be automated from end to end. This set and forget solution boost non-interest income growth without any human interaction.
FINOFR’s prequalification and prescreen feature is not a “one size fits all” lending solution. This entire process is custom built to the financial institutions credit underwriting, banking products and brand. This solution is leveraged by some of the leading financial institutions in the country because it met their specific lending needs.
FINOFR has a fully digital auto origination tool where consumers can see what they qualify for whether it’s a new auto loan or a refinance. With our direct integration into the LOS, ready to fund applications with lien data, registration, owner PII, collateral and value data will be sent directly into an application que.
Our UX will show the potential savings that a member could obtain if they bring their auto loan over to your credit union or bank.