Approvalware Has Been Called:: "Lending Tree On Steroids."

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Approvalware Has Been Called:: "Lending Tree On Steroids."

Uploaded by

aravindanjagannathan

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Download as PPT, PDF, TXT or read online on Scribd

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ApprovalWare has been called:

“Lending Tree® on steroids.”

–Equifax executive, 2003

But it’s much more.

It’s a consumer, business
and direct marketing
breakthrough.
© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.
ApprovalWare is:
• a credit authorization application suite
that enables any business to find the best
and most profitable funding (and/or sales-
enabling) solutions for its customers,
• from multiple lenders, in real time, and
• with the added efficiencies of seamless
and full automation
• across all media platforms,
simultaneously
© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.
ApprovalWare Credit Process:
Realtors, auto dealers, Lenders,
hi-ticket retail, credit/debit
Merchants, healthcare, business card issuers,
Services
Service leases, etc. Credit independent
Providers,
etc.
Grantors loan co’s,
credit unions,
etc.
Approval
Ware
Equifax,
Experian,
The most efficient Credit Trans Union,
Consumers way available to Data D & B, etc.
facilitate the greatest Providers
number of real-time
Credit rating from “A” to purchases via all
“E”; prime, to subprime, to media.
ACH/payday loans.
© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.
ApprovalWare Lead Mgmt.:

TIME = $
• Sorting, qualifying and responding to leads takes time
and costs money.
• ApprovalWare's lead management solution allows
users to sort leads by creditworthiness in real time.
• Fully-qualified leads are routed into your business to
optimize immediate sales (1x1 or 100’s at a time).
• Lower-quality leads may be processed automatically,
routed to letter shops for legal fulfillment, forwarded
to outbound predictive dialers or sent to call center
operator queues for follow-up.
© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.
ApprovalWare Provides New Efficiencies
at the Very First Point of Contact:
Process Step #1–
Customers and leads are driven by
businesses to –
1.) Call centers, 2.) Points-of-sale,
3.) Internet sites.
ApprovalWare Benefit #1–
It’s the first (and only) multimedia,
multi-lender, automated, real time,
credit approval solution.
© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.
ApprovalWare Provides New Efficiencies
at the Very First Point of Contact:
Process Step #2–
Customer provides information at –
1.) Call centers, 2.) Points-of-sale,
3.) Internet sites.
ApprovalWare Benefit #2–
It’s the first (and only) multimedia, multi-
lender, automated, real time, credit
approval solution authorized under
Fair Credit Reporting Act
(“FCRA”) guidelines.
© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.
ApprovalWare Provides New Efficiencies
at the Very First Point of Contact:
Process Step #3–
Customer’s credit application is
processed against multiple lending/
credit-granting solutions.
ApprovalWare Benefit #3–
Multiple lending solutions =
more credit for more customers.
(i.e.: real-time prime, sub-prime, credit card approvals,
as well as debit card, ACH and
payday lending options)

© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.

ApprovalWare Provides New Efficiencies
at the Very First Point of Contact:
Process Step #4–
Approvalware may provide choice of
sources, or best-available source to
optimize transaction.
ApprovalWare Benefit #4–
Businesses may optimize credit
transaction for profitability.
Or, consumers may optimize credit
transaction for savings.
© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.
ApprovalWare Provides New Efficiencies
at the Very First Point of Contact:
Process Step #5–
Merchant and/or consumer is notified via
ApprovalWare of sources which will
approve transaction for the consumer.
ApprovalWare Benefit #5–
Entire multi-lender process may occur in
as little as 45-60 seconds; or as “much”
as 3-4 minutes, depending upon
lender/business needs.
© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.
ApprovalWare Provides New Efficiencies
at the Very First Point of Contact:
ApprovalWare Benefit #6–
Customer gets access to cash needed to facilitate
purchase in real time.
ApprovalWare Benefit #7–
Lenders sell-through credit products and receive
borrower leads.
ApprovalWare Benefit #8–
Merchants get real-time funding, greater cashflow and
incremental sales growth, since a greater universe
of merchant's potential customers are credit-enabled.

© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.

ApprovalWare Provides New Efficiencies
at the Very First Point of Contact:
ApprovalWare Benefit #9–
Merchants and consumers use ApprovalWare

FREE.*
(*nominal click fees of less than $1.00 per transaction
may apply for merchant, depending upon how the
software is distributed to them)

© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.

ApprovalWare Revenue Streams (I of II):

• lender referral and success fees

• I.P. licensing fees
• credit grantor first rights of refusal fees
• credit card acquisition/app. fees;
• loan app/credit app submission fees
• cross sell/upsells enabled in real-time (into insurance
products and various other services)
• lead sales and filtering fees
• data sales and data sales upsells (single vs. “tri-
merged” credit reports, etc.)

© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.

ApprovalWare Revenue Streams (II of II):

• lending securitization/loan "pooling" income

• teleservices fees
• print/information fulfillment fees (regulatory/credit
compliance letters/calls)
• data processing services (i.e.: "pooled automated
underwriting" technology/data sales)
• forms customization and printing
• CRM follow-up services (direct mail service
reminders, etc.)
• data mining where/when allowed

Barriers to entry overcome:
• Compliance.
• Cooperation of credit data providers.
• Cross-platform deployment/successful
integration initiatives.
• Regulatory approval of first-time-ever
automated processes.

Barriers to entry created:
• Company's intellectual property initiatives are
creating even greater barriers to entry for
competition.

• Pre-emptive strategy regarding lending technology

and acquisition of critical, related patent rights. Head-
to-head comparison with Lending Tree and other
automated services BEFORE filings occur.

• 5 key patents either filed/pending, granted or to be

filed shortly.
© COPYRIGHT 2003. APPROVALWARE, LLC. ALL RIGHTS RESERVED.
Personnel:
• Partners maintain over 80 years
combined experience in marketing,
technology, financials services and
human resources with leading national
companies.
• Comprised of industry-recognized
leaders.

Exit Strategy:

ApprovalWare is growing its existing business,

expanding across multiple sectors, while penetrating
targeted core verticals, and likely will be acquired by one
of the many financial and credit institutions that are both
its suppliers and clients.