TecBanc ®
 
 
Loan Systems


TecBanc® LoanSearch enables Subscribers to enter specific loan requirements, identifying full details of amount, security, term, purpose, repayment preference, loan structure required, and a host of other specifications. The system identifies all TecBanc ® qualifying products, makes full calculations of Average Rate, Establishment and Recurring Costs, and Effective Rate, and sorts the results by the TecBanc® Effective Rate. Subscribers are then able to print a Tec Banc® LoanSearch Report.

A TecBanc® LoanSearch Report provides up to 4 different lenders, sorted by the TecBanc® Effective Rate, and detailing interest rates, repayments, establishment costs, annual charges, penalty details and other information, with specific contact details on the selected lenders.

Master Licensees to TecBanc® LoanData maintain a database of lenders and loan products on behalf of their Networks. This system eliminates the need for Subscribers to receive and analyse volumes of marketing literature from various lending institutions, and greatly reduces the risk of information being misinterpreted, or inaccurate quotations being made. It also simplifies the marketing process for lenders, facilitating a broad distribution of specific product information via a single source, namely TecBanc®.

TecBanc® offers a unique opportunity for Lenders and Advisers to operate in a coordinated and efficient environment. TecBanc® promotes the development of business relationships between Lenders and Subscribers using the TecBanc® Network Systems.

TecBanc® LoanApp enables the recording of loan or credit applications.

A permanent file may be established for valuers, solicitors, mortgage insurers, funders, trustees and introducers, with the relevant professional readily linked to each application.

Each Loan Application may incorporate multiple facilities (part fixed, part variable for example) multiple personal or corporate borrowers and guarantors, and multiple securities each with multiple valuation records.

From the appropriate screen, operators may automatically print letters of approval, loan submissions, valuation instructions, legal instructions etc.
 
 
 
 
 
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