Loan Types
There are no limits to the types of loans you can originate using DecisionLender 4. Whether you need direct loans, indirect loans or online/mobile loans, DecisionLender 4 supports all consumer lending loan types, excluding mortgages.
When setting up DecisionLender 4 with your configurable loan types, you have a couple of options. The first is to create a uniquely developed loan type, personalized to the needs of your institution and your borrowers. The second is to use the built-in configurations for a large number of loan types and payment types, including:
- automotive
- furniture
- solar
- medical
- dental
- powersports
- marine
- credit cards
- traditional
- sales
- secured/unsecured
- installment
- balloon
- revolving
- interest-only
The only loan origination system on the market capable of truly configuring to your business, DecisionLender 4 empowers you to use your choice of consumer loan type and to meet your customers anywhere and anytime.