Shopping Around for Retail Lending Expertise with FNI Blueprint™ 5 Oct 2023, 5:23 pm

The retail jewelry industry is one of the most competitive in all markets, and providing a positive experience and a unique selection of dazzling pieces helps to set the tone for new potential customers as they window-shop, whether through actual windows or online. But, how do we retain sales when our customers aren’t quite ready to make a purchase today? Retailers of all kinds are shifting toward various financing models that help break down this barrier in the checkout process and turn a “maybe” into a “how could I not?” Working with a lending platform with retail lending expertise under their belt can make this transition run smoothly.

For high-end jewelry retail lenders, this model should shine bright like a diamond in speed-to-market, configurability, automated decisioning, and built-in features that are already trusted by some of the nation’s largest jewelry retailers. Just as you may have a security guard standing at the front door, your lending platform and process should be focused on protecting your assets in fraud prevention and risk mitigation.

Rolling Out the Red Carpet

Speed-to-Market in Jewelry Retail Lending

Working with a partner like FNI who brings years of retail and jewelry lending expertise, and experience with leading retailers, means that some of the questions you have in mind have already been answered. This allows for an end-product that feels unique to you, without the sometimes lengthy launch schedule and massive technical overload that you might be concerned with when seeking out a new lending platform to onboard. When you’re ready to adopt or transition to a new high-end retail lending platform, it’s likely that you’re looking to launch as soon as possible in order to optimize your customer experience and with that, raise top-line revenue while adding efficiencies to your organization across the board.

Since high-end retail institutions come in all shapes and sizes, this speed-to-market in launching a new platform should be just as efficient for one brick-and-mortar or one hundred. And with an out-of-the-box SaaS application like FNI Blueprint, this speed can come with the flexibility to support your unique requirements.

A Shiny Custom Piece

Full Configurable Loan Origination Software for Retailers

Being able to configure a lending platform doesn’t just mean back-office efficiency, it can be the difference between a repeat purchase or no purchase at all. A recent MicKinsey study finds that 

“Consumers don’t just want personalization, they demand it. With store and product loyalty more elusive, getting it right matters. Roughly 75 percent of consumers tried a new shopping behavior in the last 18 months, and more than 80 percent of those intend to continue with new behaviors.”

Configurability is critical for lenders and high-end retailers, particularly those with a strong focus on customer experience and scalability. Configurable loan origination platforms enable these retailers to offer bespoke financing solutions, whether it’s loyalty programs, or unique interest rates, which can significantly enhance the overall shopping experience. Moreover, scalability ensures that as your business expands, your loan origination platform can adapt seamlessly to accommodate the increasing demand while still providing that personalized touch that the most discerning customers seek.

Security at Your Digital Front Door

Fraud Prevention and Risk Mitigation in High-End Jewelry Retail Lending Expertise

In the world of jewelry and high-end retail, security is non-negotiable. Your lending platform should be your impenetrable security team, safeguarding your customers’ data and your reputation. It’s like having the most robust security system to protect your precious shiny inventory. To put this importance into perspective, IBM released a study this year stating that:

the global average cost of a data breach in 2023 was 4.45 million, a 15% increase over 3 years. 

And sure, maybe your retail organization doesn’t stand to suffer from an event quite that large, but when organizations are proactive in utilizing tools that feature fraud prevention and information security at their core are taking an important step in avoiding risk to begin with.

While we keep an eye on what’s coming next, and continue to stay educated and prepared to push the high-end and retail industry forward with jewelry retail lending expertise, the loan origination software experts at FNI will keep providing insights and, of course, providing hands-on and high-level service to our loan origination platform partners. If you’re ready for direct access to decision strategy management and more, talk to a loan origination expert.

The post Shopping Around for Retail Lending Expertise with FNI Blueprint™ appeared first on Financial Network, Inc.

Lending Data Integration: Collaborating for Smarter Credit Decisions 21 Jul 2023, 6:25 pm

Lending is a world in which you will seldom hear the word improvisation. After all, everything is calculated. And for good reason. There are consumer and business risks involved that can be critical if mishandled. But, maybe improvisation isn’t so bad? Jazz (hear me out), is a style of music and performance that relies heavily on improvisation, but when you pay close attention, you may notice that, though seemingly, “off the cuff,” there is an underlayment of precision, intention, and rigidity. Using all the right players with their own specialty (piano, upright bass, percussion, for example) with an experienced band director can bring a beautiful balance of calculation and improvisation. In the world of loan origination, a similar symphony unfolds when credit scoring, identity verification, fraud prevention, and more harmonize seamlessly, when backed by, say, the FNI Blueprint LOS platform.

Let’s explore how this melodic blend of technology orchestrates a smooth and secure lending process, helping to ensure that lenders hit all the right notes while safeguarding against potential risks.

Employment Verification in Lending Data Integration

The Sweet Sounds of The Work Number from Experian

By leveraging additional data sources, such as employment and income verification, lenders gain a more comprehensive and accurate understanding of borrowers’ financial profiles. Among a suite of native and third-party integrations, lenders on the FNI Blueprint LOS platform have the opportunity to utilize data from The Work Number, the industry-leading employment (and more) verification platform to strengthen risk management and decrease fraud. A recent article from The Work Number, focusing on Credit Union lenders, mentions that 

“Online lenders can offer fast and convenient loans, which may be appealing to consumers who prefer the ease of fast-paced transactions.”

This is ever-so-true and like a musical performance, a little bit of variety is the ideal blend. Lenders who can offer a data-driven brick-and-mortar lending experience that matches their web-based application process may find the most efficiency in internal processes, but also in application volume. And, automating data collection is great, but how do we address challenges in the process that need a more hands-on approach?

The FNI Blueprint Loan Origination Software, paired with the intelligence of The Work Number provides an automated approach to fraud prevention and identity verification, ideal for lenders to launch at scale.

Being Vocal in Loan Orchestration 

Integrating with Text-Based Solutions for Low-Barrier Borrower Communication

Though we become more and more used to digital-first lending processes by the day, the need for direct conversation won’t be eliminated any time soon. Bridging that gap by integrating text-based messaging into the process allows for two key benefits:

One : Text messaging can also be automated to check in on documents or remind potential borrowers to follow up on a part of the process, and

Two : Text messaging can be personalized, allowing for direct conversations between a loan officer or manager, and a potential borrower, when application-specific conversations are necessary.

And, if you’re thinking, “I don’t know how messaging could be a part of my process…” Solutions by Text recently published a series surrounding this precise concern in stating: “Our two-way texting has been proven successful through many of our customers. As an introduction to two-way texting, we start our customers off with pre-written templates and individual training on how to use the tool.”

Being integrated with Solutions by Text, the FNI Blueprint LOS platform is ready to handle both types of conversations, immediately at launch.

Keeping Time and Saving (More Than) Dimes with Paperless

Lending Data Integration with Dealertrack for Auto Lenders

Though Dealertrack is an auto-specific solution, this applies to all lenders in all industries. Going paperless is an important part of an efficient and secure lending process. There are a number of paperless solutions that we walk through with new lending partners, not just in the automotive space. Going paperless streamlines the lending process, accelerating loan approvals and enabling faster funding for borrowers. And an electronic document storage and retrieval system can enhance efficiency by providing instant access to loan documents, eliminating the need to search through physical files. This saves time and improves productivity for lenders and their staff. If the scalability cost saving through efficiency isn’t striking, maybe this stat from a recent Dealertrack article will:

“Switching to digital processes can save you up to $65 per deal on average.” And $65 multiplied by hundreds or thousands (or even a few!) of applications daily starts to feel like a difficult number to ignore.

While we keep an eye on what’s coming next, and continue to stay educated and prepared to push the fintech industry forward, the loan origination software experts at FNI will keep providing insights and, of course, providing hands-on and high-level service to our loan origination platform partners. If you’re ready for direct acces

The post Lending Data Integration: Collaborating for Smarter Credit Decisions appeared first on Financial Network, Inc.

Extended eBook: Optimizing the Solar Lending Process for Wider Solar Adoption 20 Apr 2023, 6:16 pm

Overview

When pursuing a solar-optimized lending process, starting with a platform that has already answered questions specific to the industry can mean a drastic decrease in onboarding and production time. The lending software market can be difficult to navigate, but if you focus on platforms specific to your industry, things start to clear up quickly. And, if you’re reading this, that means you’ve found your way to a leading solar lending platform with an existing customer base comprised of the nation’s leading and high-volume solar lenders and installers.

Ready to build a better lending experience without the “build” part? Start with the suite of lending products and trusted team at Financial Network, Inc. Take a no-commitment product tour today to get started.

While we keep an eye on what’s coming next, and continue to stay educated and prepared to push the fintech industry forward, the loan origination software experts at FNI will keep providing insights and, of course, providing hands-on and high-level service to our loan origination platform partners. If you’re ready for direct access to decision strategy management and more, talk to a loan origination expert.

The post Extended eBook: Optimizing the Solar Lending Process for Wider Solar Adoption appeared first on Financial Network, Inc.

Everything the Light Touches: Lending for Wider Solar Adoption 31 Mar 2023, 11:42 pm

This year, solar installations continue to rise in the residential space, and for great reason. Solar-minded consumers have more knowledge than ever before about the benefits of solar for their homes and the environment. On top of this, tax credits continue to be available, including an exciting new piece of legislation that looks to continue solar access. These inherent benefits help to break down barriers between home ownership and solar adoption. Paired with a customer-experience-focused lending platform, residential and commercial installers have a powerful toolkit to further increase adoption and top-line growth.

The Circle of Solar Adoption: A Residential Mindset

Residential solar consumers are considering solar at a powerful rate. Though there is a vast amount of information available regarding the benefits of solar, it is our responsibility and the responsibility of our solar lending and installation partners to ensure that key points are communicated. A recent study by the Pew Research Center found that 

“8% of U.S. homeowners said they have already installed solar panels and an additional 39% have given serious thought to it in the past year.” And these numbers came before the 30% tax credit was signed into legislation in August of 2022. 

Solar Tax Credits: What a (Continued) Wonderful Phrase

In August of 2022, the federal residential solar energy credit was extended through 2033. This allows consumers installing solar to claim a 30% credit on federal income taxes from now through the decade. Though solar adoption and consideration numbers have increased year over year, this is sure to provide opportunities for installers and lenders. 

While we don’t do much assuming in the financial tech space, it may be safe to say that this tax credit implementation would have a positive influence on the solar adoption rate among residential consumers—which, gives us a wider audience toward which to market the benefits of solar adoption. On the industry impact of the plan, Abigail Ross Harper, CEO of the Solar Energy Industry Association (SEIA) states (source):

“With long-term incentives for clean energy deployment and manufacturing, the solar and storage industry is ready to create hundreds of thousands of new jobs and get to work building out the next era of American energy leadership…”

It’s Great to Be King of Customer Experience

With little reason to not install solar for eligible residential consumers, how does an installer stand out from other leaders in the market? Many installers have a streamlined installation process, making it easy for consumers to say “yes.” The next step is to provide a powerful, upfront lending experience that continues to build this bridge between potential customers and solar adopters. Understanding that solar loans are viewed as a sizable decision made at a variety of locations, FNI Solar Blueprint revolves around the concepts of speed, mobility, and flexibility.

Onboarding a new or leveled-up lending platform, like FNI Blueprint, Powered by DecisionCore, for native or third-party lending that provides a streamlined experience for solar adopters is the first step for solar lenders and installers to becoming an industry leader in installs and customer experience.

While we keep an eye on what’s coming next to encourage forward movement in solar installation and lending, the loan origination software experts at FNI provide ongoing insights and, of course, high-level lending software and service to our loan origination platform partners. If you’re ready for direct access to decision strategy management and more, talk to a loan origination expert.

The post Everything the Light Touches: Lending for Wider Solar Adoption appeared first on Financial Network, Inc.

Student Lending Trends 2022: Informed Borrowers and Flexible Borrowing 3 Aug 2022, 7:02 pm

Student borrowers and their cosigners have more information about lending and loan types available than ever before. With private student lending maintaining a competitive sample of the market, rates are staying low while institutions begin to innovate in this ever-changing environment, including investments in native lending offerings among loan packages and products focused on breaking down barriers in student admissions. Take your seat as we discover and dictate student lending trends for years to come.

Informed Borrowers Means Strategic Borrowing

With the price of higher education increasing every day, and access to information at the fingertips of every college-aged (and younger) borrower, student loan applicants are the most knowledgeable they’ve ever been. This can mean that borrowers are taking alternative approaches to financial aid, such as mitigating loan amounts, mixing loan types, and borrowing for specific areas of education. 

Leading student lender, College Ave. encourages borrowers to think diligently about their loan amounts, stating that borrowers may “…borrow up to the total cost of attendance. However, borrowing less than the maximum can help you save money over time.” In addition, many institutions are directly partnering with lenders, or, in some cases, financing student loans in-house.

Buy Here, Pay Here at a National Scale

We’ve seen it at subprime and other auto dealerships for years. The buy-here, pay-here model is now transitioning to higher education. Institutions and partnering lenders looking to adopt this model are focused on enhancing the admissions process with a “one-stop-shop” feel, capturing the attention of college students where they already are. 

Even ivy-league colleges like Harvard are providing access to financial aid directly to their students as they apply, or throughout their time with the institution as a “need-based loan with interest paid by Harvard during enrollment, grace, and deferment period.”

This alternative format provides students with an abundance of options as they entertain universities and various degree programs, and has been a part of many online degree programs for years to increase accessibility. Self-funded lending may create increased competition in the higher education sector as universities vie for attention and existing lenders have an opportunity to partner in the early stages of adoption across the United States.

Private v. Federal Rate Competition Continues

Though many graduates have access to some level of student loan forgiveness, fees associated with federal student loans remain high in some cases, giving private lenders an opportunity to market products without origination fees, low introductory rates and more. Additionally, private lenders seem to be objectively more agile than the federal government when it comes to adopting new technologies, and pursuing market trends. While borrowers may continue to focus on federal loans due to lower interest rates (in some cases), private lenders continue to push the market forward and provide access to students that may otherwise be missing out on critical education. 

Forbes contributor Zach Friedman underlines this point in that, “Nearly seven in 10 seniors (65%) who graduated from public and private non-profit colleges in 2018 had student loan debt.” and the number of borrowers has continued to grow.

In these early stages of student loan forgiveness, the market does not seem to be heavily impacted by the measures currently in place, but private lenders will continue to look closely at borrower trends to remain competitive.

While we keep an eye on what’s coming next to encourage forward movement in student lending among lenders and institutions, the loan origination software experts at FNI provide ongoing insights and, of course, high-level lending software and service to our loan origination platform partners. If you’re ready for direct access to decision strategy management and more, talk to a loan origination expert.

The post Student Lending Trends 2022: Informed Borrowers and Flexible Borrowing appeared first on Financial Network, Inc.

Solar Lending Trends 2022: Growth through Accessibility 3 Jul 2022, 6:56 pm

As solar adoption continues to rise in the residential sector, commercial applications see a decline. We have taken the time to research industry trends and projections. Let’s shine some light on what we know and what the industry seems to be cycling toward in the coming year such as the expansion of access to solar and lending terms, a shift in consumer mindset, and what other opportunities our lending partners have to look forward to.

Expanding Access through Lending Terms and Technology

With leading solar lending providers like Sunlight Financial launching products that reflect home loan terms, the industry looks to change the way a consumer thinks about solar, and the investment being made. Positioning a system as an asset, part of the home purchasing process, leads to lower monthly payments and a potential for breaking down barriers for both consumers and lenders. As Matt Potere, CEO of Sunlight Financial states that the launch of longer term, and specifically 30-year solar loan products:

“…will reduce monthly payments, facilitating homeowners’ transition to clean and affordable renewable energy.”

This, paired with continuing advancements in solar installation processes and technology, look to bring renewable energy to as many residential and commercial properties as possible, leading to revenue opportunities, year over year.

Shifting Consumer Values Increases Adoption and Acceptance

Assuming that your consumer and borrower, whether residential or commercial, are aware of the benefits of solar, there are still prolific misconceptions that surround the industry and create barriers. Entire companies have been created, and government studies performed, in order to fight these misconceptions to a level of success. These initiatives continue to impact the increase in solar adoption overall, but in residential installs specifically. Consulting firm, Guidehouse offers an interesting strategy for continuing residential adoption:

“…one option is to have real estate developers introduce solar energy as the default and allow consumers to opt-out in favor of some alternative. Behavioral economics has established that people are much more likely to stick to the default option.”

Strength in Residential with Growth Opportunities in Commercial

Looking at the solar installation and lending market as a whole, this year has seen record-breaking numbers for both residential and commercial verticals. SEIA reports a massive uptick in residential installations:

“Residential solar had its largest quarter in history with 1.2 GWdc installed, a 30% increase over Q1 2021 and a 5% increase over Q4 2021, demonstrating the robust strength of the residential segment.”

On the other hand, with the same reporting criteria, supply chain issues and other market blockers seem to have impacted the commercial sector in the opposite direction:

“Commercial solar installed 317 MWdc, down 11% year-over-year and down 28% quarter-over-quarter.”

These numbers lead us toward opportunities in both areas; to capitalize on the energy in the residential market, and to keep innovating in the lending space to increase adoption in the commercial sector.

While we keep an eye on what’s coming next to encourage forward movement in solar installation and lending, the loan origination software experts at FNI provide ongoing insights and, of course, high-level lending software and service to our loan origination platform partners. If you’re ready for direct access to decision strategy management and more, talk to a loan origination expert.

The post Solar Lending Trends 2022: Growth through Accessibility appeared first on Financial Network, Inc.

Auto Lending Trends 2022: Looking Toward Digital 3 Jun 2022, 6:48 pm

With this year halfway behind us, we shift to provide insight on auto lending trends and projections for the next year and beyond. As the auto industry continues to put digital applications at the forefront of initiatives, always competing for consumer time in the sea of brick and mortar and growing digital providers, the industry sees a challenge in new vehicle production against used vehicle purchasing and sales. This creates space for opportunities such as digital storefronts and enhancing the borrower experience. Hop in as we cruise through some trends that will drive auto lending into the next year.  

Market Overview: Where Are We?

The auto sales and auto lending industry has seen the need for rapid adoption of new technologies and new processes over the past few years. And the next few years will likely be no different. With the rising popularity of contactless auto purchasing and even car “vending machines,” dealers and lenders see the need to invest in digital experience. As we’ve seen production slow-downs due to supply chain issues, consumers holding on to their vehicle a bit longer look to products like refinancing to take advantage of interest rate fluctuations due to personal or market changes. A study from auto-focused digital lender, Upstart, finds the value in offering a refi product may be:

“…not having to target consumers who are in the market for an auto purchase, which can be difficult to detect, as well as the fact that there is less potential risk, as these applicants already have a track record of loan repayment…” [source]

These behavioral changes in the industry help us look toward what may be coming next, but keeping focused on the critical pillars of lending in areas such as security remains a high priority. 

Never Forgetting About Security

When adopting new processes and platforms in lending, it is important to understand the risks associated. Whether you’re transforming your platform from paper or an already digital-focused system, making any alterations comes with an amount of risk, both in information security and consumer fraud. 

While talking about security may feel as “trendy” as your flip-phone from 1998, lenders that continue to remain focused on shoring up systems maintain the benefit of their borrowers peace of mind, and a rigid platform, resistant to growing threats.

Moving Toward Digital as a Brick and Mortar Dealer or Lender

It likely feels like a major undertaking to pursue digital-first auto sales and lending when the market has been already growing rapidly for years, but that is where we’re headed (and it doesn’t have to be that difficult). Remaining competitive, beyond what some might call a “dealers market,” means continuing to adapt when the market is strong. Dealers from single-lot, to regional, to national are driving app-based purchases.

Our take:

Lot-based auto dealers and lending partners may feel like they have a disadvantage to sellers that are entirely digital-focused, but the relationship aspect of the auto purchasing process has not gone away (and may never). Dealers and lenders that invest in digital platforms may actually have an advantage over the rest, as they are able to utilize existing sales teams and processes to inject personality into a platform that may feel entirely robotic, otherwise. 

While we keep an eye on what’s coming next to encourage forward movement in auto and auto lending, the loan origination software experts at FNI provide ongoing insights and, of course, high-level lending software and service to our loan origination platform partners. If you’re ready for direct access to decision strategy management and more, talk to a loan origination expert.

The post Auto Lending Trends 2022: Looking Toward Digital appeared first on Financial Network, Inc.

Case Study: Flexibility and Rapid Growth in Retail Point of Sale Financing 29 Mar 2022, 3:40 pm

Overview

Great American Finance Company (GAFCO) is a flexible financing provider for a network of retail partners across the United States. Prior to working with Financial Network, Inc. (FNI), they were operating on a home-grown lending platform that required continuous development forcing large IT investment.

FNI was selected as the partner to achieve GAFCO’s goals: to increase system performance, reduce costs, and to focus internal resources on core competencies rather than software development. Their lending team asked FNI to build a scalable lending platform with an emphasis on borrower experience able to support the predicted significant growth from GAFCO’s significant existing major retail partners.

Through the powerful backbone of the FNI Blueprint LOS, paired with platform flexibility and customization, GAFCO is able to implement their ever-evolving lending software ecosystem across multiple customers and has even strategically expanded beyond furniture point-of-sale to other markets, with the capability of additional expansion when opportunity arises.

“FNI has exposed their API functionality enabling us to connect with new data sources as they emerge, configuring credit models ourselves to take advantage of new data which creates the ability for incredible flexibility across our products and geographies.”

Tom A., CEO

Great American Finance Company

Ready to build a better lending experience without the “build” part? Start with the suite of lending products and trusted team at Financial Network, Inc. Take a no-commitment product tour today to get started.

While we keep an eye on what’s coming next, and continue to stay educated and prepared to push the fintech industry forward, the loan origination software experts at FNI will keep providing insights and, of course, providing hands-on and high-level service to our loan origination platform partners. If you’re ready for direct access to decision strategy management and more, talk to a loan origination expert.

The post Case Study: Flexibility and Rapid Growth in Retail Point of Sale Financing appeared first on Financial Network, Inc.

Whitepaper: Solar Installers Discover Untapped Lending Revenue 11 Feb 2022, 8:31 pm

A Well-Lit Path to Growth

The renewable energy market is continuing to grow, year-over-year, generating opportunities for solar installers and dealers. But, are installers taking full advantage of every revenue source? Of the over 100gW of solar capacity in the United States, less than half (source: SEIA) of the installations were underwritten by captive financing directly through a dealer or installer . This may be due to the perception that building a financing arm requires major upfront investment, infrastructure, and a large team. This really just doesn’t have to be true.

While three of the top five largest solar finance and installation companies in the market operate on FNI software for decisioning, strategy, testing, and end-to-end loan origination, this same technology and infrastructure can be just as accessible for smaller installers and dealers to implement. But, beyond full native lending implementation, there are even more simple options for installers to manage the entire solar process, from the first panel install through to the loan servicing. And with a phased approach, many installers could change the way solar is bought and paid for by consumers and add a brand new revenue stream, within just weeks.

Working With Specialty Renewable Lenders

For the shortest path to managing installation through to financing, working with an existing lending organization may be the right fit for dealers and installers looking to dip into the finance world of renewable energy. These specialty lenders may have self-service platforms allowing installers to be up-and-running on a new financing platform in just a day or so (and some of these self-service platforms may even be FNI-built).

This path with the lowest barrier to entry has benefits, but may not yield the most revenue of all. But, for installers looking to dip a toe into the lending market, the team at Financial Network, Inc. connects solar installers and dealers with lenders on a regular basis.

Ready to build a better lending experience without the “build” part? Start with the suite of lending products and trusted team at Financial Network, Inc. Take a no-commitment product tour today to get started.

While we keep an eye on what’s coming next, and continue to stay educated and prepared to push the fintech industry forward, the loan origination software experts at FNI will keep providing insights and, of course, providing hands-on and high-level service to our loan origination platform partners. If you’re ready for direct access to decision strategy management and more, talk to a loan origination expert.

The post Whitepaper: Solar Installers Discover Untapped Lending Revenue appeared first on Financial Network, Inc.

Whitepaper: Lenders Discover Untapped Lending Revenue in Solar 11 Feb 2022, 7:52 pm

Finding the Right Partner

Adding a new lending product (LOB) is a typical activity for most lenders. But adding a lending product in a fast developing market sector in which new variables are in the mix such as home value, tax credits, and even dealer/installer relationships, is a complex new landscape. This doesn’t mean that your new solar loan product has to be costly or take even months to develop. Instead, it might be an opportunity to move even faster. Three of the top five renewable lenders in the market are utilizing the hosted loan platform(LOS), strategies, and consulting work from the team at Financial Network, Inc. As the leader in Solar Lending, FNI has deployment strategies, relationships, and automation designed to reduce time to market and ensure success.

We have recognized many simple, but extremely important steps to take in onboarding a new solar lending product and our customers benefit from our experience. And since we believe in sharing what we know, you can benefit too.

Building Dealer and Installer Relationships

If you build it, they will come. Well, maybe that’s true in baseball fantasy, but in reality—in the solar market—gaining access to the consumers moves through building relationships with the installers. What makes you easier to work with than other options the dealer has at their fingertips is critical.

It’s not just the lending terms, it means providing a self-serve portal environment, easy onboarding into your program and quick, automated credit decisions that allow them to close their deal while in that single meeting setting with the consumer. With native integration with application process verification tools, know that every aspect of the lending workflow is covered; property data, identity verification, and more.

Ready to build a better lending experience without the “build” part? Start with the suite of lending products and trusted team at Financial Network, Inc. Take a no-commitment product tour today to get started.

While we keep an eye on what’s coming next, and continue to stay educated and prepared to push the fintech industry forward, the loan origination software experts at FNI will keep providing insights and, of course, providing hands-on and high-level service to our loan origination platform partners. If you’re ready for direct access to decision strategy management and more, talk to a loan origination expert.

The post Whitepaper: Lenders Discover Untapped Lending Revenue in Solar appeared first on Financial Network, Inc.