Better Risk Underwriting for cost effective and more intelligent lead buying. We now use the IP, email, social media and cell phone data to generate a lead score. Using exposed variables to accurately predict if a lead is more or less likely to convert due to fraud. We can identify […]
Bankruptcy Best Practices
It’s common for BK. Wallet Hub does a nice job explaining “How to File for Chapter 7 Bankruptcy: A Step-by-Step Guide“. From the lender standpoint, you want to monitor the situation, while stopping your collection efforts, which is called an automatic stay. Filing BK is not an easy task, so […]
Customer Profile Fields Setup
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
Integrated Lead Providers in Intro XL The following lead providers are integrated with Intro XL. Click any name below to visit the provider’s website. Lead Provider Website Acquire Interactive acquireinteractive.com Arrow Shade arrowshade.com Avenue Link avenuelink.com Discover Nimbus discovernimbus.com Dot 818 dot818.com EPC VIP epcvip.com Fix Media fixmediagroup.com High Winds […]
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
Loan Product Types in Intro XL First and foremost: Always confirm with your state’s regulatory body which loan products are permitted. Federal law prohibits pre-computed interest using the Rule of 78s for loans longer than 61 months, and 17 states ban such loans entirely. Intro XL supports two primary interest […]