Waterfall lending occurs when a customer is incorrectly matched with a bank that does not approve their lending request, and the customer is then directed to another lender. The negative customer experience is amplified by multiple waterfall tiers of lender rejection, with multiple applications and hard credit pulls. OPTIMUS eliminates the awkward waterfall of rejections and uncomfortable denial conversations with your customer by utilizing soft credit pull technology to appropriately match a customer with an approving lender at the beginning of the application process.
OPTIMUS is EGIA's financing platform. OPTIMUS utilizes soft credit pull technology to match a customer with an approving lending partner. OPTIMUS eliminates "waterfall lending" by pre-approving a customer with this soft credit pull match. After the pre-approval, the customer continues their application with their matched lender for final loan approval.
OPTIMUS is able to Pre-Approve customers by utilizing soft credit pull technology. OPTIMUS can preapprove customers in two minutes via custom URL link:
- With or without a technician
- On the contractor’s website
- By text or email correspondence
Your local OPTIMUS representative would be happy to teach your team how to walk a customer through the pre-approval process in the customer's home. After your complementary enrollment in OPTIMUS, you will be provided a unique OPTIMUS link for customers to use on your website; Customers who use your custom OPTIMUS link will have a pre-approval before a technician arrives at the home.
OPTIMUS provides a more efficient workflow for consumer financing approvals. By being connected to a soft credit pull platform (that matches a client with an approving lender), you will receive credit decisions faster and easier with higher approval ratings. This all-in-one finance platform provides a streamlined application process that greatly improves the customer experience and a financing management system that significantly improves your ability to manage multiple projects simultaneously.
OPTIMUS is currently only available within the United States, including Alaska and Hawaii. Individual finance programs may have specific state restrictions. Check with your local OPTIMUS Financing Representative for further details at optimusfinancing.com/schedule-a-consultation or call 1-833-OPT1MUS (1-833-678-1687).
OPTIMUS is designed to offer a comprehensive solution to all home improvement verticals. Please schedule a consultation to learn more.
At this time, OPTIMUS has incorporated 2 types of financing:
- OPTIMUS Prime Pathway with GreenSky®, FTL®, and a Microf™.
- OPTIMUS Revolving Credit Pathway with Wells Fargo, FTL®, and a Microf™ - COMING SOON
Using the online enrollment system, log into the secure portal and create a unique username and password. You will then be guided through a paperless enrollment process and required to attach a voided check.
Enrollment is simple and automatic for those who are already enrolled with one of our approved lenders. Using the online enrollment system, log into the secure portal and create a unique username and password. You will then be guided through a paperless enrollment process and required to attach all necessary documentation, including licensing, insurance and to attach a voided check.
While it is not required, we highly recommend utilizing all lenders in the platform for the best customer experience and highest approval rates.
An OPTIMUS representative will work with you and your team to go over the options within your chosen type of financing in OPTIMUS, to ensure that your finance plans maximize your profit. This is part of the ongoing training that EGIA offers for finance at no cost to OPTIMUS dealers.
OPTIMUS is designed to be easy to implement and flexible. There are many changes you can already make yourself, including managing users and roles. These changes can be made directly on the OPTIMUS platform through administrative functions. Please contact your local OPTIMUS representative for further details.
OPTIMUS is not integrated with management software solutions at this time. In order to utilize the OPTIMUS program, you will need to submit OPTIMUS applications through OPTIMUS directly.
Our dealers get paid daily, through ACH. We’ve collected your banking information at the time of enrollment, and that is used to pay you directly.
1-833-OPT1MUS (1-833-678-1687) and Select the Option for OPTIMUS Application Technical Support.
Yes. OPTIMUS is designed to be easy to implement and flexible. User roles can grant certain permissions to selected staff members at your discretion. These changes can be made directly on the OPTIMUS platform through administrative functions. Please contact your local OPTIMUS representative for further details.
Absolutely. As a matter of fact, your local OPTIMUS representative will require this step in the onboarding process. Dealers who have financing available on their website do an average of 27% larger tickets and have 30% more sales.
Yes. Your local OPTIMUS representative will coordinate with your team to get all the marketing materials necessary to ensure your successful financing program. Standard marketing materials will also be available on your OPTIMUS dashboard.