Issue link: https://info.seic.com/i/1491100
Nationwide is on your side. Nationwide Smart Credit ℠ Streamlining the loan origination process Nationwide, in partnership with Supernova Technology,1 strives to ensure that you can offer liquidity to your clients quickly and efficiently. Clients can apply online and, if they're qualified, they'll receive approval within days.2 The days of paperwork and waiting weeks for approval are gone. Welcome to the Nationwide Smart Credit℠ model. Our digital process is powered by Supernova Technology and includes: • All-electronic delivery, signature and closing 2 • Online collaboration between Nationwide, Supernova, your firm, your client and the custodian • Secure, reliable document storage • Full audit trail and activity tracking STEP ACTION OWNER EST. TIME TO COMPLETE 1 Application initiated Financial professional Under 5 min 2 Application completed Client Under 15 min 3 Underwriting Lender Generally within 1 or 2 business days 4 Collateral accounts pledged Financial professional/Custodian Generally within 1 or 2 business days2 Loan booked Lender Start to finish: Generally within 1 to 4 business days POST ORIGINATION Service activities Upon firm consent, financial professional will have portal access. Financial professional • View loan details/ statements • Monitor risk • Communicate with clients Client • Request a draw • Make a payment • View loan details/ statements Ongoing