Is Your Business Prepared for LEP, Limited English Proficiency, to Satisfy Your Lending Compliance?
TAMPA, Fla., April 23, 2021 /PRNewswire/ -- CIC Credit, a Florida Corporation, has partnered with Talk'uments a leader in LEP solutions. Talk'uments is a digital tutorial that takes a loan applicant step by step through their specific loan, costs, process, and disclosures. As the first fintech of its kind, Talk'uments provides an automated way to provide transactional clarity to the mortgage loan process. The key is how simple the process is for the borrower to show their level of understanding of their specific loan.
We Complete the Digital Loan Experience
The concept of a digital loan transaction revolves around ease of use, transparency, and a more meaningful experience. Millennials, Gen X and Baby Boomers have adopted the digital world. Talkuments gives consumers what surveys say they want: interactive loan information. Talkuments strengthens confidence in the consumer's choice of lender, leading to more loan originations and more closed loans. Sent by lenders to loan applicants, Talkuments is available throughout the entire loan cycle. As loan data changes, so do Talkuments.
Technology that Addresses Changing Demographics
Success is measured by your ability to gather and provide information in a way that makes a loan applicant want to do business with ou. For mortgage companies to succeed, they must be responsive and reflective of the nation's increasingly diverse population. Providing multilingual loan information is vital.
"75 percent of household formations will be created by minorities. By 2035, 85% of household formations will be created by minorities." Harvard Joint Center for Housing
"Although Hispanics make up 18% of our population, the group accounted for more than 63% of homeownership growth over the past decade."
English | Spanish | Chinese | Tagalog | Korean | Vietnamese
"Minorities will account for approximately 75% of the new household formations by 2025, some of whom could benefit greatly from using the Talk'uments tutorials – especially in their preferred language."
*The largest homeowner association in the U.S.
Schedule a free demo you will be impressed!
Contact Mike Thomas at firstname.lastname@example.org or 615-386-2285 for more information on the partnership.
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SOURCE CIC Credit
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