For too long…

the loan origination industry has been stuck in the Dark Ages.

For too long…

the loan origination industry has been stuck in the Dark Ages.

At a time when

people can adjust their thermostat from their smartphone, too many loan officers are still buried under faxes and tied to a desktop computer in their office.

Affordit® allows you to leave the Dark Ages behind and embrace 21st century tech.

You’ve been there, too many financial factors and not enough time to discover all the possibilities.

Time – Let Affordit leverage the speed of computing and our cutting edge algorithm to find more solutions for applicants in less time.

Increased Sales – When Affordit can consider more financial factors it can also uncover more opportunities to offer applicants products you sell.

Does this scenerio sound familiar?

A couple comes into your financial institution for a loan. They have solid incomes and credit scores, but their financial profile is complex. Between them, they have three credit cards with balances, three student loans, two car loans, and a loan for a motorcycle. You input their information into your LOS and conclude that their debt-to-income ratio is just too high. Their loan application will be denied.

You could say, “Sorry, we can’t help you,”

which is what most financial institutions do. That means losing the chance to originate a loan. There is no guidance to the applicant on how to improve their financial wellness.

Alternatively,

you could find a way to optimize their financial profile by providing individualized recommendations utilizing your product offerings, then the couple potentially could meet the loan requirements.

Know more, provide more

We created and patented the Wallet Genie. This technology utilizes applicants’ financial data and runs hundreds of thousands of simulations.

 

Instead of providing the standard black-and-white Yes/No answer, applicants see their financial picture in living color. The Affordit Solution Based Outcome report provides actionable steps the applicant can take to improve their financial profile and potentially qualify for the loan.

Know more, provide more

We created and patented the Wallet Genie. This technology utilizes applicants’ financial data and runs hundreds of thousands of simulations.

 

Instead of providing the standard black-and-white Yes/No answer, applicants see their financial picture in living color. The Affordit Solution Based Outcome report provides actionable steps the applicant can take to improve their financial profile and potentially qualify for the loan.

Worried about being left behind?

Let us show you how we can help your company evolve.
We Can Help