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Questions for Taking Loan Applications Online

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We are considering taking loan applications online. What are some key things that need to be considered as we go through this process? What questions should be asked?

There are many considerations. On-line security, gathering all information for underwriting, delivery of disclosures when necessary, limiting geographic area from which you will accept applications, cost/benefit analysis, timely processing of applications, etc. This is way too much to go into detail in a paragraph or two. You may want to hire a consultant to walk you through the process.

First published on 3/25/13

First published on 03/25/2013

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Filed under lending as: 
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