AskCredit offers banks, credit unions and other lending organizations access to a powerful online Loan Submission Management System™(LSMS), a comprehensive suite of powerful loan origination tools including Loan Tracking, Credit Pulling Capability, Pre-Qualification AU, Find Interest Rates+ Pricing Feature, Full-Application(1003) AU + Submission feature, Lock Request ability, and Loan Docs Request feature.  At the heart of the system is AskCredit's powerful and flexible NetDecision™ financial engine that can underwrite to the most complicated and difficult guideline rules. 

NetDecision™ allows you to offer Automated Rules Based Underwriting decisions on every loan program you offer. AskCredit will allow you to offer instant approvals on new first mortgages, and in seconds, within your credit guidelines. NetDecision™ offers the following Advantages right out of the box:

Sales Advantages:

  • AskCredit's private label 1003 allows you to keep your current site design, but rapidly add a complete functioning online application and Automated Underwriting approvals.

  • Runs in a branch environment so all of your personnel can approve loans on the spot. Imagine every employee in your firm being able to approve new customers while insuring a perfect, rules based underwriting decision. How many more customers would you close if, for example, your call center to offer mortgage approvals in 60 seconds.

  • Fast access to the approval information your sales people and brokers need. Simply complete one easy form and hit submit. The form even checks for accuracy and completeness to make sure no erroneous data is entered. Your site is in business, serving your customers, 24 hours a day, 7 days a week, 365 days a year. This automated ability to serve your customers could reducing staffing requirements or allow you to deploy staff where they are more valuable.

  • We allow your system to run "inside" your customer's location since AskCredit runs wherever you want it to. We will help you launch private label services that steer more approved business to company.

Quality Control:

  • Real-time credit checks with all 3 major credit bureaus

  • Evaluation per each institution's lending policies

  • Credit report used for underwriting is available to lender for quality assurance purposes without additional fee

  • Secure transaction with SSL Encryption Technology

Time Savings:

  • Credit approval (or denial) within 60 seconds
  • Ability to Import/Export to Major LOS vendors

  • Seamlessly request Automated Underwriting decisions from Major LOS vendors

  • Ability Import a 1003 completed offline

  • Ability to download a file and credit report in a FannieMae standard 2.0 or 3.0 file format AskCredit does all of the systems maintenance, which means fewer demands on your staff, and faster deployment of program changes and enhancements. There is very little, if any, training needed since our simple to use design makes the system very easy to use. Centralized maintenance of approval guidelines means fewer demand on staff, and faster deployment of program changes and enhancements.

Cost Reduction:

  • AskCredit does not require your company to spend either months of development resources or hundreds of thousands of dollars in launching your automated underwriting approvals.

  • Only work on the loans you know you can fund. Since AskCredit will approve or refer loans based upon your specific guidelines, you know that your pipeline will people and pipeline will on be working on loans that you can actually fund.

  • Centralized maintenance of approval guidelines means fewer demand on staff, and faster deployment of program changes and enhancements.

  • Easy training, simple to use design saves time and support phone calls.

  • Significant cost and time savings through automation and integration of the credit report, underwriting, and loan approval work flow processes.

  • Reducing underwriting personnel requirements can be a key benefit of our systems.

  • You can rapidly update your underwriting guidelines.

  • Nothing to install, simply point a 4.0 or higher web browser at the site and you are in business. While the system works fine on a web connection speed as slow as a dial up 28.8 modem, we do recommend a dedicated DSL or faster line for heavy usage.

Customer Service:

  • No more having to phone and fax requests. And no more having to work on someone else's schedule, information from AskCredit is available 24 hours a day, 7 days a week, 365 days a year.

  • There is nothing to install, simply point a 4.0 or higher web browser at the site and you are in business. The solution system works fine on a web connection speed as slow as a dial up 28.8 modem. Your AskCredit solution is always available, always working, always there to serve your customers.

  • Every loan request will be screened against your correct guidelines, not more having to tell a broker that their borrower can't close a loan.