Contract with Confidence—at the Speed of your Business
by
Lendbuzz Knowledge Bee
November 1, 2024
The fastest way to fund thin and no-file borrowers just got even faster. Introducing Lendbuzz Express Contract—a feature that makes eligible loans even faster to process than normal. Express Contract moves at the speed of your business, shrinking the time it takes to contract an approved loan (under 2 minutes, in most cases,) even outside of normal business hours.
You can increase the number of Express Contracts you receive by:
Having the customer connect their bank account, and ensuring they have enough bank history (10 weeks to 3 months, depending on dealership type)
Uploading customer ID immediately after bank connection (make sure customer’s full name and date of birth on the ID match exactly with the information on their application)
Reviewing and adjusting the deal based on out-of-policy indicators (look for red indicators, and watch the “Net Financed” amount)