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Modules & Functions

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AutoFaith Modules are completely integrated with each other, along with other tools and services like credit checking & reporting, document management, work-flow management tools, etc. AutoFaith will work with you to ensure all your business needs are met.



                               Origination Module

                               Servicing Module
                               Collection & Recovery Module
                               Accounting Module
                               Reporting & Analysis Module
                               Tools & Integrations
                               Web Portals



Origination Module:
Application Review:
  • Customer, Collateral, Financial Data
  • Multiple Offer and Counter Offer
  • Automatic Decision Engine

Funding  Review:
  • Data Verification
  • Funding Stipulations
  • Funding Controls
  • Funding Decision Management

Funding  Management:
  • Ancillary Contracts Offset
  • Discount/Fees Offset
  • Shortfund Payments Offset
  • Multi-payee Capability

Servicing Module:
Payment Management:
  • Payment Log & Search
  • Payment History
  • Payment Processing & Batch Processing
  • Teller Session Management (To ensure all logged cash and check payments are counted.)

Fee Management:
  • Automatic/Manual Fee Assessment
  • Fee Waiver/Reversal
  • Fee Due Date Management (For scheduled fee payments)

Statement Management:
  • Statements are automatically generated and archived in pdf format.
  • Individual/Batch Printing

Form Letter Management:
  • Hello Letter, Payoff Quotation, Insurance Requesting Letter, etc.
  • Delinquency Notification Letters

Collection & Recovery Module:
Collection & Recovery Management:
  • Collection & Recovery Call Management
  • Recovery Payment Management
  • Collateral Workflow (Repo, Impound/Seizure/Lien Sale, Insurance, Field Chase, Other) Management

Accounting Module:
Regular Accounting Functions:
  • Accounts Payable Integrated with Fee Assessment
  • Accounts Receivable
  • Bank Recon
  • Journal Entry

Loan Accounting Functions:
  • Deposit Management
  • Loan Transaction Journal Entry Management
  • Chargeoff Management
  • Payoff Management and Refund Management
  • Dealer Buyback Management

Reporting Module:
Executive Summary:
  • Delinquency Performance
  • Application Progress/Loan Status/Collateral Status/Recovery Summary
  • Historical Comparison

Regular Reports:
  • AutoFaith Canned Reports
  • Custom-built Reports (Do It Yourself)
  • Report Scheduler (Run as scheduled with pre-defined parameters, and automatically archived)

Report Scheduler:
  • Scheduled with pre-defined parameters (Dynamic Date Range Available)
  • Reports Automatically Archived
  • Report Links Can be Emailed to Pre-set Recipients

Business Intelligence Reports (Slice and Dice Data as You Want):
  • Powered by Microsoft’s Analysis Service
  • Multiple Cubes
  • Hundreds of Dimensions and Measures
  • Data Drill Through
  • Dozens of Useful Pre-defined Templates
  • Build Your Own Templates
  • Export to Excel to Email and Share

Tools & Integrations:
Credit Checking:
  1. Experian
  2. TransUnion
  3. 700Credit (With All 3 Bureaus)

Credit Reporting:
     All 3 Bureaus (EXP, TU, EQ)

Leads:
  1. Dealertrack
  2. RouteOne

AutoFaith Fax:  Through modem or e fax (Documo)

AutoFaith SMS:

Vehicle VIN Verification/Decoder:
     NHTSA (National Highway Traffic Safety Admin)

Address Verification:
    
Google

GPS Tracking:
    
Spireon (GoldStar)

Insurance Trackers:
  1. Verifacto
  2. SWBC

E-Signing:
     Docusign

Payment Processors:
  1. USAePay
  2. ACH Federal
  3. Repay
  4. PayNearMe
  5. MoneyGram
  6. Check Processors

Phone System (IVR):
     RingCentral

Web Portals:
Customer Portal:
  • For Customers to View Basic Loan Info. including Balance and Estimated Payoff amount
  • To Make Payments Online
  • To View Loan Statements Online
  • To Update Contact Info. & Preferences

Dealer Portal:
  • For Dealers to Submit Applications Online
  • For Dealers to Check Application Status and to View Stipulations
  • For Dealers to Communicate with the Lender with Notes
  • For Field Sales Reps to View Missing Title Loan List for Particular Dealer
  • For Field Sales Reps to View Pending Buyback Loan List for Particular Dealer

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