SAIL Indirect enables financial institutions to realize a significant reduction in the time it takes to review loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to dealers and members.

If your credit union processes an average of 30 indirect loans per day, the steps below equate to approximately 450 minutes per day in loan processing time. Today, your lending process may look like this:

1. Receive the loan application via fax.
2. Manually check the core system to see if the applicant is a member.
3. If the applicant is not a member, enter the loan application data into your lending system.
4. Manually pull credit reports.
5. Manually look up previous loan history.
6. Perform a separate check for OFAC compliance.
7. Manually review the data and approve or deny the loan.
8. Determine Regulation Z compliance with an external application.
9. Manually send approval, denial or correction letter to the dealer.
10. If the loan is approved, manually enter the data into your core system.

With SAIL Indirect, you can reduce the amount of time it takes to process and review a loan by 60% or more, and that means big labor savings and faster service to your dealers and borrowers. In indirect lending, faster response to the dealers can translate directly into more loans. Plus, SAIL reduces data-entry and contracting errors by automating the loan application, processing and pre-funding steps. SAIL Indirect allows generation of:

• Automatic, integrated credit reports from one or more bureaus.
• Bi-directional integration with DealerTrack, RouteOne and CUDL taps the lender into higher loan application volumes and access to more dealers.
• Automatic loan approvals (at your option) using a sophisticated, but easy to set up and modify, auto-approval engine.
• Automatic calculation of financial ratios.
• Automatic rate selection.
• Member accounts and loans are directly boarded onto your core system.

• Faster application processing time and 24X7 approvals
• Maintain loan quality and increase revenue with fewer resources
• Substantial return on investment through higher loan volumes and lower labor costs per loan

• Core system integration
  • Resides within the institution – own and control data
  • A hosted option of SAIL is also available
  • Easily customizable to change settings or run reports
• Intuitive dashboard – with up to the minute updates for indirect lending queue
  • Easy search and find loans on several variables
  • Administrator function to define or change user groups, loan criteria, user security levels, loan officer approval levels, closing documents and checklists
• Roles-based security
  • Control which individuals and groups have access to specific information or authority levels.
  • Define your own groups to fit your loan process.
• Electronic origination interfaces
  • Loan applications can be sent directly to your credit union using the SAIL Portal, an interface to DealerTrack, RouteOne or CUDL’s finance platform for automobile dealers Receive the latest car value information from NADA or Kelley Blue Book.
• Automated credit checking
  • Securely pull credit reports automatically via the internet from Equifax, Experian and TransUnion.
  • Use Scorex's Fast StartSM scoring models (requires license from Scorex).
• Business Intelligence
  • Comprehensive reporting
  • Microsoft SQL database for flexible data mining