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Kwik-Dealer™Web-based Dealer Loan Application Management

Overview
Industry Impact
Featured Media
Specifications

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Overview

Kwik-Dealer is a web-based dealer loan application management solution. It allows dealers to enter and securely manage loan applications. When used in conjunction with Kwik-Decision, dealers can get quick automated approvals even when offices are closed. Dealers also have the ability to securely print a loan package or utilize Kwik-Sign to E-sign documents.

Kwik-Dealer Features

Feature	Benefit
Dashboard	A dashboard feature represents a statistical summary of activity with the host company. Some of the statistical information included on the dashboard display will be the total number of applications submitted and the total contracts purchased.
Payment Calculator	The Payment Calculator will allow loan originators to provide the applicant with an estimate of monthly payments for the loan.
Print Docs	A Print Docsoption allows loan originators to manually fill in and print either a copy of a single loan document or a complete set of blank loan documents.
New Application	Includes:· Personal Section for the Primary Applicant Contact section for the Primary Applicant Military section for the Primary Applicant Employment section for the Primary Applicant Civil Service section for the Primary Applicant Financial Information for the Primary Applicant Co-applicant Pages Application Submission
Loan List	Ability to view: Parts of the Loan List Table of Loan Status Filter Tab Info Tab
Loan Actions	Loan Actions are the various tasks that can be performed to an application as it goes through the application process. The actions that are available to a loan originator will vary depending on the current status of the application is currently in.
Upload Documents	As part of the loan application process the underwriter from the host company may require documentation from the applicant as electronic files. These additional requests are often referred to as Stipulations. The action item “Upload Documents” allows the ability to upload scanned documents as part of the loan application. Note: This action is available throughout the loan application process for all loan statuses except for the VERIFIED, FUNDED and DENIED loan statuses.
Stipulations	Stipulations represent the additional documentation that the underwriter might request in order to approve a loan application. This action is available throughout the loan application process for all loan statuses except for the VERIFIED, FUNDED and DENIED loan statuses.
Supplemental Applications	The Supplemental Application asks applicants to provide information that may also be used for loan servicing once the loan is funded. Once the loan application has been approved the status of the loan will be in the APPROVED status. The next step is to provide some additional information about the applicant. This is referred to as the Supplemental Application. Note: The Supplemental Application is available for loan statuses ACCEPTED, APPROVED, SIGNCOMP, SIGNPEND and SIGNREADY.
Messages	Throughout the loan application process, regardless of loan status, messages are exchanged as a private communication between the loan originator and the host company that is providing financing. When there are pending messages where a response is needed, the screen will display the text *Unread* in the Message column of the loan listing.

Kwik-Dealer Benefits

Dashboard
Payment Calculator
Print Docs
New Application
Loan List
Loan Actions
Upload Documents
Stipulations
Supplemental Applications
Messages

Results & Industry Impact

In conjunction with the Kwik-Decision portal, the system provides a turndown letter should the loan be denied. If approved, the loan is closed and the dealer makes the sale and the branch office has a new client. (Note: Marginal deals are set aside for an underwriter to review.)