You know how important it is to have the right tools in place to manage your loans effectively. Tier3 online loan servicing software can be a game changer for your business. Tier3 makes it easier to track loans, communicate with borrowers, and automate tedious tasks. Answers, etc., offers top-of-the-line loan origination software designed specifically for online lenders.
Online Loan Software
If you run an online lending business
COST EFFECTIVE
The Tier3 Online Loan Software – LMS provides advanced financial services solutions that lower the overall cost of doing business. These include a fully integrated lead management system and improved automation. Also enabling native functionality to make the most out of investment dollars, thus increasing the conversion rate of high-performing loans.
FULLY CUSTOMIZABLE
Whether installment, payday, state, tribal, or a combination, Tier3 can accommodate any online or storefront loan manager business. Tier3 features a configurable rules engine, robust lead management module, customer call center scripts and multiple workflows. Tier3 online loan software is unmatched in flexibility.
CONSUMER FOCUSED
Tier3 allows the customer to experience a unique digital experience, low-friction boarding process. This includes ID and bank accounts verification, E-Signature, two-way text, and email communication. All of this can be done without ever having to speak to a CSR. Post-funding functionality includes a fully integrated, robust customer portal and automated collection process.
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Flexible Loan Types
Tier3 online loan software supports an unlimited number of loan types. With our Loan Design Engine, virtually any variety of single pay, installment loan, title loan, line of credit, or internet loan can be configured. Customer data is shared throughout the enterprise – across multiple product types, states, internet, and brick and mortar.
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Compliance
Compliance is a core component throughout the Tier3 system. With longevity and durability in mind, the system was designed to be configurable to allow for operation in any jurisdiction and accommodate multiple layers of regulation – federal, state, local and any other that may be applicable. A built-in compliance portal and reporting tools will allow for streamlined audits, as well.
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Payment Processing
In today’s difficult regulatory environment, it’s more important than ever to have multiple payment processing types. Tier3 handles ACH, Debit, Credit, RCC, RCPO and other types out of the box. Additionally, new payment processors can be easily added with Tier3’s Payment Framework™ for virtually any API.
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Reporting
Tier3 includes wide variety of built-in reports to support all loan types, as well as a report creation tool that allows the design of user-defined, fully-customized forms for any location, region, or user-defined group of stores.
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Underwriting
With the integrated Tier3 ScoreMaster™ decisioning matrix, an infinite number of criteria can be measured to determine an applicant’s creditworthiness. Credit score, lead provider performance, ability to repay, and other data points are utilized in creating a custom scorecard that will become the secret sauce.
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Collections
Recovering delinquent capital is as much a part of the lending business as is originating the loan. The Tier3 collection tools manage the complete life cycle or the debt from delinquency to disposition. Leverage the collection module to maximize profitability while ensuring compliance to applicable laws.
Features
- PRICE REJECT MODEL
- LEAD PRIORITIZATION
- LEAD BALANCE & DISTRIBUTION
- CUSTOMIZABLE EMAIL AND TEXT
- CSR TEAMS
- CSR INTERACTIVE SCRIPTS
- LOAN UNDERWRITING WIZARD
- SELF-CREATED AND MAINTAINED CONSUMER LOAN AGREEMENTS
- MULTIPLE APPROVAL FLOWS
- TRIBAL APPROVAL MODULE
- BUILT-IN CONSUMER PORTAL
Key Benefits
Tier3 is a powerful online loan tool. Tier3 empowers lenders to enhance their operational efficiency and provide borrowers with a better experience. Tier3 offers several benefits that can significantly improve the profitability and efficiency of your lending business.
One of the most significant advantages of Tier3 Online Lending Software is its ease of use. This results in a user-friendly design that makes it accessible to anyone without any technical expertise. Its intuitive interface enables quick navigation and easy access to the required features.
Moreover, Tier3 Online Lending Software is equipped with many automation capabilities. These help you save time and reduce errors associated with lending tasks such as loan application processing, underwriting, and document management. This enables you to make better loan decisions and drive increased profitability.
In addition, Tier3 Online Lending Software offers robust reporting and analytics features. This allows you to monitor your lending performance and identify areas for improvement. You can generate custom reports and dashboards to obtain a comprehensive view of your lending business. You can use these insights to make data-driven decisions.
Finally, Tier3 Online Lending Software is highly customizable. This enables you to tailor it to meet the specific needs of your lending business. Whether you are a small business or a large financial institution, Tier3 can provide a solution that meets your needs.
In conclusion, Tier3 Online Lending Software is a valuable tool for your online lending business. It will streamline lending operations, enhance the borrower’s experience, and drive profitability. Tier3 has a user-friendly interface, automation capabilities, robust reporting and analytics, and customization options. Tier3 can help take your lending business to the next level.