Abstract: A system and method of expedited credit approval and lending for an applicant initially qualifies the applicant using an input device to obtain predetermined applicant identification information and transmits the applicant identification information to the credit and loan processor computer which verifies the applicant identification without pulling credit. If verified, applicant answers predetermined prescreen question to initially qualify the applicant and the applicant's answer is compared to a predetermined lender criteria for the prescreen question to determine whether to continue with the loan application if the applicant's answer meets the predetermined lender criteria or end the loan application if the predetermined lender criteria is not met, before pulling credit. The applicant is notified of the decision.