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Free Fax
Location Resource
What's your number one problem with
your customer's applications? Getting them to fax! Here's some
free help. We have a daily updated data base of free and paid faxing
locations close to your customer. Click here for a look. We will
supply you with a url that will pop up in a new small window so the customer
can't leave your site. We also have animated buttons.
Contact Us
About Us
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We provide complete processing services for
lenders. Here's what we do:
- Provide you with a secure online application in various renditions
We have applications that can be tailored to you requirements. A
light application, a full question application or a three part
application. We can color coordinate our application pages to match
your web site.
- Secure Loan Processing has cutting edge propriety software that
will allow your customer to follow the loan processing procedure via
e-mail and live telephone. SLP takes care of all the customer
service before you approve the loans. No more customers calling you
inquiring about their loan status. You can concentrate on turning a
profit and not answering the phone.
- We have full range processing including:
- SCAN
SCAN is a sister company to Check Systems. Banks
and credit unions use Check Systems to verify
bank accounts before they are opened. If a customer's account is
closed by Bank A, then, when the customer tries to open a new
account at Bank B, Bank B will have this information via Check Systems.
Check System runs by social security number. SCAN is a bad check
reporting agency similar to Telechek. They are basically a
collection and check guaranty agency but provide bad check reporting
capabilities to the deferred deposit industry.
- Telechek
Telechek works this way: When we receive an
application, we punch the customer's driver's license number into a secure
telephone line processor. If the license has bad unpaid check
connected to it, the terminal will read CODE 4 which means that the
customer has given a bad check to a Telechek merchant (most grocery
stores, department stores, etc) and it has not been paid. This is good
information to have because it probably affects the bank account you're
ACHing money into. But the most powerful feature of Telechek and
SCAN is the bad check (draft, ACH, etc.) negative date feature. If
you have a returned ACH or bad check, you can report the NSF to Telechek .
When the customer tries to present a check to the grocery store or
department store, the register rings up CODE 4 and the merchant won't
accept the check. This is a great collection tool. Even if the
collection customer changes banks, Telechek uses the drivers' license
number to track the NSF.
- TeleTrack
TeleTrack is an NSF reporting agency with a sub prime customer base.
Deferred deposit customers, rent-to-own, buy here-pay here car dealers,
etc. They also log inquiries from deferred deposit lenders so you
can see if the customer has done business with one of your competitors in
the last ninety days.
- Merchant's Check Loan Verification
Merchant Check Loan Verification is a Utah based
company that does what TeleTrack does but live. This service is very
popular with land based deferred deposit lenders and their data base goes
back five years.
- Bank Statement Analysis
We check the bank statements for other deferred deposit
lenders, number of NSF's, crosscheck the account number, social security
number is available, verify direct deposits from employers, benefit and
pension funds, etc., check the account name and address, and verify the
net pay if possible.
- Pay Stub and L.E.S. Analysis
We check the pay stubs for net pay deposited and
anything that might affect the net pay such as garnishments, etc., time on
the job or in the service, employment verification, and social security number verification.
- Employment Verification
We verify employment through the bank statements and
pay stubs. We also call the customer at work.
- Social Security Number Verification
We use a service to verify social security numbers with
names and addresses. We catch ten applicants per week using fake
socials - the fake was also on their pay stubs and bank statements.
We also catch scrambled socials daily.
- Routing Number ACH Optimization
Paper routing and account numbers are not always the
same as electronic numbers. We use Thompson Financials' EPICWare
software to get the right routing and account numbers so the money
arrives when it's suppose to. Also, credit unions are not your
friends! They have to be just right to ACH out of the account - it's
easy to get the money into the account even with mistakes, but try to get
it back out. Thompson is the official registrant for routing
numbers.
- Account Number ACH Optimization
Another problem with ACHing is some institutions will
let you ACH into the account but not out of the account (ie: Navy
Federal Credit Union) In other words, your can credit the account
but can't debit the account. We maintain a list of these
institutions. Some banks will limit the number of out bound ACH's
per month. Thompson will tells us about these situations.
- Faxed Document Collection
We have two robust four line fax servers to capture faxed documents in
an electronic format and to send and deal with a vast variety of new and
old fax machines. We don't lose or drop faxes.
- Loan Amount
As part of our service, we find out from the customer
want amount of funding they want as opposed to the amount they will take.
We verify this with the customer by telephone also. Some lenders
also use this as an indicator.
- Initial Customer Service
We handle all contact with your customer until the customer agrees to
the loan amount and payback arrangements (also some lenders don't do
extensions) either by telephone or e-mail. We hammer the customer to
fax in the loan documents and have an very extensive data base of free and
paid faxing facilities. We have seven years of experience with
encouraging the customers to quickly fax their documents. We also
maintain an online bank data base so customers can get up-to-the-minute
statements printed online. When we confirm the customer has excepted
your loan amount offer and payback arrangements and the customer says:
"Send me the money!", we turn the customer over to you and end our contact
with the customer. If the customer calls us again, we refer them
back to you.
- ePublicEye.com
Secure Loan Processing is a member in good standing in
ePublicEye.
ePublicEye is an Internet watchdog and reporting agency. If you
retain our services, you can use the ePublicEye logo on your site in
regards to Secure Loan Processing.
- Thawte
According to Thawte, "Thawte is a global provider
of digital certificate solutions that provide Internet users with peace of
mind when sending information to web sites, sending emails,
and downloading computer code over the Internet. Thawte acts as a
trusted third party on the Internet. We issue digital certificates to
companies, and individuals, that are used as proof of identity online, and
provide for the protection of all information sent over the World Wide
Web, using the most currently available encryption technology."
Secure Loan Processing customers can use the Thawte logo on their site in
regards to Secure Loan Processing.
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