INTERACTIVE WEB-ENABLED COMPUTER APPLICATION AND METHOD FOR PROVIDING EDUCATIONAL INFORMATION TO AND VERIFYING INFORMATION FROM A LOAN APPLICANT

摘要

The present disclosure provides an interactive web-enabled computer application, and method of using the computer application, that (1) serves as a tool to educate loan applicants about relevant facts regarding their particular type of loan; (2) makes the applicants aware of their payment obligations and approximate residual income; (3) educates applicants about the consequences of missing payments; (4) requires the applicants to confirm personal information including, but not limited to, income and other debt obligations; and (5) documents that the applicants have been educated as described above, and that the applicants have verified their personal information.