LendingUSA ™ Introduces FastScreen ™, a New Loan Prequalification Tool for Funeral Home Dealers | Nation / World


SHERMAN OAKS, Calif., Jan. 4, 2022 (GLOBE NEWSWIRE) – LendingUSA, a leading tailor-made finance company, is introducing a new tool to its robust merchant portal. Called FastScreen, the tool allows funeral dealers at LendingUSA to quickly determine whether a client is likely to be approved for a loan through rapid screening.

“We’ve noticed a trend in the comments from our funeral directors: Conversations about money are almost always uncomfortable, and no one wants to be the bearer of unnecessary bad news when a loan application is turned down,” says David Rueda , executive vice president of LendingUSA. “FastScreen provides information to merchants that allows them to selectively offer financing to families who are more likely to be approved.”

With a simple interface that only requires basic customer information, a FastScreen can be completed even before the “cost conversation” begins. When a funeral director knows a client is likely to get a loan, they can confidently offer financing through LendingUSA without the fear of an uncomfortable discussion.

As of December 9, 2021, LendingUSA funeral merchants will have access to FastScreen through their online merchant portal. When completing a FastScreen application, the funeral director will be asked to provide the client’s name and address. Within seconds, FastScreen makes a screening decision. If the client is pre-qualified, they can share the good news with their client so that they can go ahead and complete the standard application form. If the client is not pre-qualified, the funeral director may choose to focus on other payment methods.

“We believe that FastScreen is going to have a positive impact on our funeral directors by facilitating the offer of financing only when appropriate,” said Rueda. “Now the whole transaction can be less stressful for everyone involved. We look forward to continuing to advance our product to provide a better experience for both merchants and customers. “

About LendingUSA

LendingUSA is an award-winning, point-of-sale fintech company that provides merchants across various industries with a seamless financing solution with access to loan decisions in seconds, promotional financing terms, and low monthly payment options for its customers. Founded in 2015, LendingUSA has enrolled more than 10,000 merchants nationwide and processed nearly $ 10 billion in loan applications from borrowers.

LendingUSA is committed to creating the best lending experience available through its proprietary point-of-sale financing solution. The company is rated 4.8 out of five stars on BirdEye. All loans are made by its lending partners.

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