About Megasys
We provide customizable software platforms for finance companies of every size, from startup businesses to major corporations. Our clients service 2 million active accounts and have processed over 1 million applications, with $8 billion in transactions.
Make Your Loan Process Easier With An Auto Loan Software
Increasing the speed of credit decisions helps automotive lenders and retailers stay competitive. By automating the complex underwriting process, auto lenders can issue instant decisions at the point of sale. These decisions can help lenders better serve customers. With online credit applications becoming more common, these real-time decisions can be a huge benefit for auto lenders and retailers. These solutions are designed to make the entire customer experience easier and faster for both the auto dealership and the lender.
Auto loan servicing software helps auto lenders manage thousands of loans. The software automatically contacts borrowers when they miss a payment and helps them get back on track. The software also helps auto lenders develop relationships with their customers. If a customer misses a payment, it can send an automated follow-up email or message with options to help them get back on track.
Automate As Many Manual Loan Processing Steps As Possible
Auto finance software should automate as many manual steps as possible. Using APIs powered by SaaS helps financial institutions receive credit, employment, and income data without requiring a human touch. It should also offer a self-service option for consumers. Depending on the application process, this can include website or text messages.
The auto finance software should support advanced risk models and allow lenders to access data whenever necessary so that they can make changes as quickly as possible. It should also support real-time decision-making for auto lending businesses of all sizes and advanced automation and data integration, as well as machine learning capabilities.
Auto finance software should also be customizable to reflect the lender’s loan application process and brand identity. Ideally, it should have lender-developed FAQs, integrate with a chat provider, which can make loan applications faster, and support quick capturing of required documents. With so many functions of an auto loan software, you should integrate your system as soon as possible. Speak to an expert today!
INDUSTRY SOLUTIONS
The Omega system works well with many industries. If your business type is not listed, please contact us to inquire about how Omega may work for your specific needs!