ANSWERS ETC
 
    ISSUE  NINE Q4  2024
 A N S W E R S
OUT LOUD  
 
FINANCIAL SERVICES NEWSLETTER
 
 
INNOVATION
STOREFRONT
ONLINE LENDING
 
Tier3 LMS – Transforming Online Lending
By Scott Merritt

The short-term consumer loan industry has undergone a remarkable transformation. Previously, a consumer would have to stand in line, fill out a paper loan application, and wait for it to be hand-typed by a teller before it could be reviewed for approval.

 

Our leading-edge development of Tier3 LMS and vast partner integrations has pushed the envelope of advancement in loan management solutions bringing online lenders the most sophisticated solutions available today.

 

With Tier3 LMS online lending, leads and applications are submitted online, processed through unattended underwriting, and queued for further review by customer service representatives, or even automatically funded. Automation of previously manual tasks offers lower overhead, quicker decisions, better loan performance, and more efficient customer service.

 

In today’s digital world, security is paramount. Tier3 LMS safeguards sensitive information while facilitating real-time credit checks, instant bank verifications, and electronic signatures. Compliance is the top priority, whether for state-licensed, tribal, or other lending models.

 

Tier3 LMS is reshaping the landscape of online lending. We empower lenders with the cutting-edge tools needed to compete in today’s digital landscape, while greatly improving the customer experience. Revolutionize your business today with Tier3 LMS.

 

 
 

TIER3 LMS - THE FUTURE'S CLEAR


 
PARTNER SPOTLIGHT
 
 
Automate & accelerate lending decisions.

Increase your profits, reduce risk and boost borrower satisfaction with Lokyata's automated analytics, validation and processing tools for lenders.

 

Minimize time-consuming manual processes and automatially qualify leads, complete assessments and make disbursements in minutes.

 

Use Lokyata's data-driven tools on their own or as a comprehensive platform to automate lending workflows and process more loans, without needing more people.

 

Learn More
 

 
 
 
Immediate loan funding with less friction, less fraud, less expense, provided by a trusted partner.

Real-time payments are instant payments that are processed immediately and continuously, 24/7. Unlike traditional payment systems, which can take hours or even days to complete transactions, The RTP Network and the newly created FedNow Service immediately transfer funds into a consumer’s bank account.  

 

This can occur within seconds of the transaction initiating, and the funds are immediately available to the recipient.

 


Learn More
 
 
Trusted Financial Verifications.

Chirp is the ultimate tool for accessing your financial data. Whether you’re making big financial decisions or just looking for peace of mind, Chirp empowers you with the information you need to make smart, confident choices. It’s all about making your life easier.

Trusted Financial Verifications. Improve you and your customers overall financial relationship with our tokenized open banking connections.

 

Learn More

 
Trust the Experts to Keep You in Compliance.

Preferred by Banks, Fintechs and MSBs Worldwide. Compliance can be painful, complicated and expensive. It doesn’t have to be! It is our mission to make compliance simple, transparent and affordable.


Our BSA/AML/OFAC Programs are prepared by CAMS certified consultants, tailored to your business and designed to meet or exceed FinCEN and banking regulations.

Learn More
 
UPCOMING EVENTS

InFin MoneyTrends - JW Marriott | Tampa Florida | October 28-30

For those attending, we look forward to seeing you there.

 

https://www.infinmoneytrends.org/

 

 
TECH TIPS
By Nick Filar

Reporing in Tier3 

Upon logging into Tier3, you will be confronted with a navigational panel on your left. One of the modules you will see is labeled “Reporting.” Click into that option to delve further into the Reporting options in the software. Here you will find a number of categories of reports you can explore. “Products” contains product-specific reports (check cashing, loans, etc.) “Multi Products” will contain reports that compile information from multiple products. “Store Reports” will help you get information on sales, customer retention, vault and drawer activity, and store performance. “Collection Reports” will provide you with information on your store’s collection activity. Don’t be afraid to poke around and see what we have to offer!  

 

My Reports 

Since we offer a large library of reports spanning multiple products, we have developed as a core feature of the Tier3 Reporting module, the ability to compile your most-used reports into an easily accessible section labeled “My Reports” for quick access. If this is already enabled, you will find this on the top navigational bar of your Tier3 environment. If you do not have this function, please contact Answers Technical Support for assistance. 

 

 

How to Add to 'My Reports' 

Users have the ability to curate their own list of “favorited” reports here for easy access. When viewing any report in Tier3, you will find a button on the left-hand side “Add to My Reports.” This will also give users the ability to create and categorize reports, as needed.

 

 

Click “Add to My Reports.” Here you can name the shortcut to the reports anything you’d like! You can also select a category it will be placed in, or, create a “New Category” to organize your reports however you’d prefer! 

 

Now, you have your very own organized short-list of reports that you can access at any time from the “My Reports” button in the toolbar of Tier3:

 


It is our goal to provide you with industry leading solutions. If your team requires any assistance in setting up or using reporting or the “My Reports” features in Tier3, please contact Answers Technical Support!

 
  Checked Out   by Tim Mackin
 
 
     Tidbits
  A skunk's scent can be detected by a human a mile away.
  Australian $5 to $100 bills are made of plastic.
  The sound of E.T. walking was made by squishing hands in jelly.
  Todd Pebles, Director of Business Development, is known as Peebs.
  The plastic things on the end of shoelaces are called aglets.
  The word NERD was coined by Dr. Seuss in, If I Ran the Zoo.
 
     Meme Stream
 
 
 
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