Industries

Compass Technologies’ suite of applications supports any combination of business and consumer credit, as well as other non-traditional data sources to streamline the loan process.  The platform services most every type of lending model on the market today.

A Few Markets We Serve

• Traditional Consumer Finance
• Payday/Deferred Presentment
• Mortgage Lending
• Title/Pawn
• Medical Finance (equipment and services)
• Educational Finance
• Military Lending

Auto Financing
The new Kwik-Dealer portal from Compass makes lending to auto dealers a breeze.  Prospects can apply online from the dealer’s showroom for the purchase of their choice. Kwik-Dealer pulls the credit bureau info and populates the app and gives the dealer a fast approval or denial. Dealers can close loans for qualified buyers nights and weekends, even when your office is closed.

Education Financing
Take applications for Education Loans over the internet or in your office.  The Compass Kwik-Decision portal filters all the credit information and gives you a quick answer for qualified borrowers…or prints a turndown letter if the loan is not approved.  With more parents opting for private schools and supplements for college tuition, you can compete in the growing education finance market.

Furniture and Appliance Financing
With the Compass Kwik-Dealer portal, you can reach out to furniture and appliance dealers who may be missing big deals they can’t finance.  You can even help dealers setup an internet loan application system so prospective buyer can get qualified for certain credit limits, even before they visit the dealer’s showroom.

Medical Financing
With the cost of medical services and equipment rising each year (and insurance coverage failing to meet some of these costs), you can work with doctors, dentists and medical equipment suppliers to finance needed procedures and equipment.   Patients can apply over the internet and review their credit limits or fill out an application in the physician’s office.

Retail Financing
With the price of merchandise increasing and many folks maxed out on their credit cards, many retailers are looking for new areas for retail installment lending.  The Kwik-Dealer portal from Compass allows you to work with all types of businesses to finance purchases for their customers.


Small Loans
For over twelve years now, Compass has been a leader in innovative financing for small personal loans.  We help you build a decisioning model that allows you to qualify potential borrowers in a matter of minutes.  You can take applications in a store or over the internet and quickly disburse funds by ACH, check or with  a branded debit card.  And the Compass collection system helps you promptly and efficiently address any past due accounts.

Easy Internet Lending
The Compass Kwik-Sign portal can easily be added to all our platforms. You can use a Topaz signature pad in a dealer’s showroom or physician’s office…or have borrowers sign over the internet with our online signature verification service.  Once the loan is closed, you can disburse funds via ACH, check or with a branded debit card.
 

Industry Organizations
Consumer Financial Protection Bureau (CFPB) - http://www.consumerfinance.gov/
American Financial Services Association (AFSA) - http://www.afsaonline.org/