Autobooks Capital Direct lets your customers apply online for a business or consumer loan directly from your website and get a credit decision in minutes, based on their deposit relationship with your financial institution and their credit report. The loan is yours. You set the credit rules, approve the documents, book the loan on your core and service it.
How a loan moves through the program
- Your borrower opens the dedicated loan site from a link on your website or within online banking. The loan site uses your branding and sits within your own web address.
- The borrower creates a login and verifies their email address. This login is separate from online banking login credentials.
- The system matches the borrower to your customer records using the data files you upload every business day.
- The borrower consents to e-sign and authorizes a hard credit pull.
- Your credit rules return a decision and an offer within seconds. The borrower chooses the loan amount and terms, then signs your loan compliance and disclosure documents online.
- The loan appears in the Autobooks Capital Action Center, where your team completes the booking steps and books the loan on your core.
- The completed record moves to the Activity Archive, where it is stored with every signed document and the full event log.
Responsibilities
| Your financial institution | Autobooks |
|---|---|
| Sets credit rules, pricing and loan limits | Hosts and runs the loan site and the management portal |
| Approves documents, email templates and FAQ content | Builds your site settings and templates during implementation |
| Uploads daily data files | Provides the integrations, such as the lien filing service and the identity verification partner |
| Books, funds, services and monitors each loan | Trains your staff and supports your team |
Business and consumer loans
Business and consumer loans run on separate sites with their own products, documents and credit rules. Business loans add booking steps such as the lien filing. Consumer loans usually require fewer borrower steps.
Loan and product maintenance
The product name your borrowers see on the loan site is set during implementation by the Autobooks team, working with your financial institution. Your borrowers may know the product by a different name than the one used in these articles.
Your team will also manage loan renewals within the Action Center. Loan renewals include a fresh hard credit pull using your credit vendor established during implementation.
To start using the portal, see Navigate the management portal.