LOANSource

Comprehensive Loan Management Suite

Effective consolidation of all the loan processes and communication workflow to operate a profitable business has long been the online lender’s dilemma.

LOANSource’s application provides an integrated enterprise marketing and loan management software system to meet the demands of progressive online lenders.

LOANSource, formerly known as eCash, is unique in that it is designed specifically for the short-term online loan industry. It provides a single platform in a complete online Application Service Provider — or ASP — solution model for end-to-end loan processing and management with no overhead or support costs to lenders.

In addition, data is housed in Selling Source’s own SAS 70 compliant disaster recovery data center in Las Vegas with software development and support provided by internal teams. As a Web-based system, LOANSource allows agents to access and process loans from anywhere.

At the front-end of the process, LOANSource is integrated with an online lender’s enterprise and marketing Web sites. Consumers apply for loans via the Web by accessing the “marketing sites” that have been designed to drive traffic and generate completed loan applications to a site interface called an “enterprise site.”

The online infrastructure responds in real time, even to after-hours and weekend customers. This means lenders can process and queue loan applications for funding 24 hours a day.

On the back-end, LOANSource provides a comprehensive solution for managing in-house or third-party collections. LOANSource has seamless integration to ACH processors for funding and loan payment requests, customer service, collections, returns and credits, as well as third-party credit reporting services.

LOANSource has a broad product offering proving online fraud monitoring solutions to banks that specialize in the sub-prime card markets.

Selling Source also works directly with the major credit reporting agencies building better models for the sub-prime consumer, and has access to the largest proprietary sub-prime customer database in the industry.

Currently processing more than 80,000 loan applications a day, LOANSource has the expertise to provide a unique competitive advantage to Selling Source business partners and customers.

With LOANSource forming the core of the business management solution, online lenders can focus on the core competencies of their business and significantly improve their cycle time and profitability.