The lender can decide what data fields you want to require or remove. To customize your borrower profile field, go to Admin > Dashboard > Administrative Functions > Customer Profile Fields Setup. Customer Profile Field Setup Field Name Field Label Active Required FIRST NAME LAST NAME MIDDLE INITIAL SSN DATE […]
Lead Providers / Aggregators
The following lead provides are integrated with Intro XL. Arrow Shade Dot 818 EPC VIP Intimate Interactive IT Media Lead Toro Lead Zoom Lead Economy Lead Flash Leads Market Round Sky Leap Theory Zero Parallel Avenue Link Acquire Interactive Discover Nimbus Fix Media
How to reset or resend an ACH
When you make a mistake and have to resend an ACH funding, your Admin can go to Admin > Dashboard > Administrative Functions. Your Admin can reset the ACH. The most common reason for resetting the ACH funding is when the borrower’s banking information is incorrect. This Typically returns as […]
GMI Veritec Database
For the GMI calculation, we use the following multiples. Allegedly, the state of Illinois DFI provided this information. Weekly – 4.333 Biweekly – 2.1666 Semi-Monthly – 2 Monthly – 1
What is an early payment adjustment
An EPA (early payment adjustment) is an internal number that we use to calculate interest allocations when payments are made. This transaction occurs anytime principal is paid down.
File Uploads / Attachments
You can upload file attachments to the borrower. Please note, the file size limit is 20 mb.
How To Setup Up Business Rules / Notifications
The Intro XL system can automate text messages and emails (Admin > Notification Maint) for the following scenarios, like payment reminders and more. Please note, this works for our online lending solution only at this time. Please submit a support ticket to set this up. Notification Types: Scheduled Payment – […]
Precomputed vs Simple Interest Loans
First and foremost, check with your regulatory body on what loan product they allow in their state. Federal law prohibits pre-computed interest using the Rule of 78’s in any loan with a term of more than 61 months. 17 states ban such loans entirely. Intro XL offers only a daily […]
Export loan agreement into Word (for E-sign Contracts)
Lenders may need to provide a sample contract in Word format to the state licensing body or as response to a legal request to provide sample loan agreement for review. For online lenders utilizing e-sign contracts in Intro XL: Identify a Loan to use as a sample. Go to : […]
How to add a debit card to a borrower or loan
Adding a debit card to an account is easy. You add the card on the loan details for borrower profile. Pro Tip: Doing a Pre-Authorization is a best practice. This will put a $0.05 hold on the account that will drop off after a few days. This is similar to […]