Help your customers conquer student loan debt.
With today’s real and overwhelming student debt challenge, you can help customers by letting them consolidate loan payments and reduce interest rates. Anovaa supports both student and parent loans. With Anovaa’s education refinancing loan products, helping your customers better manage and control their student loans puts them on the path to conquering student debt.
Simple – Personalized – Automated
45 million Americans currently have student loan debt. With Anovaa’s loan origination solution for education refinance loans, you can help them lower interest rates and see substantial savings over the life of their loans, and potentially pay off debt faster. Anovaa is flexible, so you can deliver introductory, promotional, fixed, and variable rate loans with 5- to 20-year terms. Customers can pick the loan and payment plan that best fits their life. Using our advanced credit scoring engine that uses both FICO and custom credit scores and analytics, you can personalize rate quotes matching customers with rates and terms that are risk-adjusted to their ability to pay.
Easy applications = More loans
Using advanced technologies, Anovaa has re-imagined the loan application process to make it simple, easy, and fast. Anovaa lets you prequalify offers and prefill loan data to make it easy for customers to apply and get rate quotes in seconds across any digital channel. Customers can upload screenshots or smartphone photos and electronically sign paperwork. Behind the scenes, Anovaa’s smart workflow engine collects student-loan liabilities, automates income verification, and speeds underwriting, resulting in a frictionless customer experience and increased pull through.
More channels and less risk
Anovaa is built on a modern flexible architecture that integrates seamlessly with all digital channels and fintech marketplaces like Credible, Credit Karma, and NerdWallet. To make it safe and to reduce risk, we’ve built-in fraud detection, behavior analytics, knowledge-based authentication, and one-time passcode authentication. Anovaa also has policy controls and a rules engine to help you with student loan refinance compliance and disclosure management.
Freedom of choice
Whether you want to add educational refinance loans to your existing loan product portfolio using our SaaS platform, or optimize your costs with our Originate turn-key outsourcing solution, Anovaa will help you grow your lending business.