Web Finance Direct

Alternative lending options give your customers and your organization more space to pivot through a variety of scenarios. Flexible lending is one way to make your financial institution a place customers trust and recommend – explore our blog to read the rest of our customer retention recommendations! https://lnkd.in/d42pzgs7

Early and frequent member assessments may feel tedious, but they pay off quickly and create success for your company and your members. Swipe through for the top benefits of assessing a borrower's creditworthiness!

The best way to manage member credit risk? Develop a great process you can count on time and time again. Have questions? Drop them below! ⬇️

Spontaneity can be fun…but not in financing. At Web Finance Direct, we’re more interested in things like predictability and security. We keep things predictable by prioritizing credit union risk management through borrower assessments, indirect lending, and digital transformation. Read more about our top tips here: https://lnkd.in/eGDAamSs

Looking to connect with the right loan applicants at the right time? Our indirect lending process is designed to be low-risk. So, what does that mean for our lending partners? ➡️ If you decide to approve a loan, our team completes all tasks associated with loan closing. ➡️ Once all the necessary paperwork is completed, we will deliver the final package to you electronically for funding. ➡️ You pay no additional fees to Web Finance Direct outside of the standard reserve fees that are paid to the dealership. ➡️ And that’s it! Connect with our team to learn more about the benefits of joining our qualified lender network: https://lnkd.in/gjtWxzum

Enhance Your Member Retention Strategy with Indirect #Lending. Keeping your members satisfied is crucial to the success of any business. One effective way to achieve this is by providing a valuable service that caters to their needs. If you're looking to take your #memberretention strategy to the next level, consider the power of indirect lending. Learn more: https://lnkd.in/g4WPMvgU

Happy Fourth of July to all of our customers, partners, family and friends!

Are you at the NIADA Convention & Expo? If so, connect with our VP of Lender Relations, Andrea Silvers, to learn how partnering with Web Finance Direct provides your customers with a seamless way to access top-tier financial services.

How do lenders assess the creditworthiness of a borrower? It starts with loan processing. Lenders gather and review necessary documentation such as credit reports, proof of employment, and income verification to see if a borrower will be an asset or risk. There are eight steps to loan processing—from ordering a credit report to delivering final files to underwriters. Check out our blog to read about the rest: https://lnkd.in/ghhNKXuz

Will we see you at the Michigan Credit Union League and Affiliates Annual Convention? 👀 Our team is excited to learn from industry experts and connect with new lenders. Be sure to reach out to Andrea Silvers if you’d like to learn more about our indirect lending process!