Compassway Student Lending Solution
This student loans solution has been developed with perfectly understanding all needs from both sides -lenders and students.
It is ideal solution empowers your entity for launching educational lending system
Reasons to choose Compassway
1. Ready to use fully functional digital lending solution
2. Automate all of your student loan processing with a platform that helps convert applicants into graduates.
3. Flexible loan applications give you the power to customize easily application form and manage steps of user journeys. Change loan workflows, credit policies, user documentation, and business rules all without needing to engage your technical team.
4. End to end automated intelligent lending platform includes a risk-based pricing decision engine for underwriting with personalized student loan and payment options .
5. Easy-to-use loan calculator that lets students create the loan and payment plan that best fits their life.
We know pain points you face when providing student loans
1. Slow and complicated application procedures result in a lower conversion.
2. Paper application processing comes with human error and delay.
3. Loan processing is too slow, and credit decisions have a poor accuracy rate.
A smart loan automation system that is simple.
A user-friendly and well-thought-out interface that has every tool necessary to efficiently manage student loans.
Our lending-as-a-service solution provides a fully compliant, Compassway platform so you can start lending online in as little as four weeks, at the risk level that’s right for you.
Easy Debt Collection
Proprietary built-in functionality and seamless integrations enable a fully automated debt collection process.
Databases & Logs
Store all data in your own records using a safe and well-structured solution. The data can be used in the future to create user-friendly reports.
Payment alerts for upcoming, due, and past-due payments that are easy to enable, monitor, and modify.
A customizable and adjustable solution
Optimize even the operations specific to your business using intelligent automation.
Our most competent specialists will provide remote & on-site training sessions.
The top lending technology specialists can further decrease your credit risks.
Fight fraud and reduce risk
We deliver fraud detection through behavior analytics and model-based rules. to prevent fraudulent activity.
Excellent 24/7 tech support from our dedicated team.
WHAT CUSTOMERS SAY
We used to have an older system that required more than a day to update or deploy a new risk model. In addition, credit decisions were slow. We estimated we were losing 15% of customers due to abandoned applications. For millennials, who are now a majority of our clients, responsiveness and convenience are key for lending services.
We implemented an end-to-end digital lending platform offered by CompassWay and it allowed to significantly improve customer retention. Up-to-date risk models also mean lower defaults rate and improved profitability. The system is easy to work with in case we need to add new clients or product types. We also received excellent customer support from CompassWay team. Overall very satisfied with the upgrade decision.
Denis Bobrov, CFO of CreditUP