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First Union Monthly Online Loan Application Volumes

By Jim Bruene on January 16, 1997 1:12 PM | Comments (0)

First Union (Charlotte, NC; $134 billion; 2.6 million ATM cards) disclosed the following monthly online application volumes. Without knowing approval rates, loan sizes, loss rates, and how much of the volume is incremental, it’s impossible to say whether this is a profitable operation. But it’s a promising start, especially attractive are the home equity loan volumes.

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Categories: Loans & Credit

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