Automated Decisioning
Automated decisioning a loan request is now the "holy grail" in lending. Automated decisioning helps simplify every step of loan origination -- from application and credit scoring to document preparation and funding. Automated decisioning solutions like WebEquity provide financial institution's indicators that provide risk management and inform them of the appropriate course of action. A matrix for risk-based lending enables the automatic assessment of the loan and application of the appropriate ratios and risk rating parameters combined with credit bureau scores to automatically decision your loans.
Automatic line of credit increases provide lenders the ability to evaluate all existing line of credit loan types for increased eligibility based on user selected criteria. In addition, credit grantors can evaluate the entire loan portfolio for pre-qualified customers and solicit new line of credit loan products based upon this automated decisioning environment.
In WebEquity, FI's can automatically pull the credit bureau report from within the analysis environment without pulling up another software program or waiting by the fax machine like the days of old. The WebEquity automated decisioning solution integrates the credit bureau data with your loan applications so no re-entry of data is required.
Automated decisioning in WebEquity empowers lenders to streamline the entire lending process. From application origination and data gathering to analysis, decisioning, workflow and approval via e-signature functionality.
Automated decisioning is key to enhanced customer service regardless of the loan request. What used to take weeks (or longer) can now be done in hours or minutes using automated decisioning solutions like WebEquity. One system for all your loans? Believe it...
- Commercial orequipment loans
- Agricultural revolving lines of credit or operating loans
- New or used auto loans
- Home equity loans
- Home equity lines of credit
- Unsecured lines of credit
- Credit cards or any other qualified personal loan they may have a need for
Automated decisioning in WebEquity enables lenders to make better, real-time account origination and risk decisions by automating key business processes and providing integration with data from credit bureaus, third-party solutions and internal databases. Automated decisioning solutions go a long way in allowing banks and credit unions to make consistent credit decisions across all sales channels, verify customer identity and credit history to reduce fraud, edit business rules and capture cross-sell opportunities.
Automated decisioning provides the "consistency" that is especially important for fast-growing financial institutions, which must address increasing regulatory requirements and react quickly to evolving customer demands.
Automated decisioning in WebEquity provides a flexible suite of modules for data integration, decision management, rules editing and reporting that can be deployed quickly to maximize lending institution's return-on-investment.
WebEquity calculates a complete financial analysis on any loan type, from the simplest loan requests to the most complex agricultural and related small business credits utilizing the Farm Financial Standards Ratios and RMA Industry Comparisons. Credit bureau reports can be pulled from within the WebEquity system and lenders can include that information in their scoring and rating parameters. WebEquity also provides the Fair, Isaac LiquidCredit® analytic and decisioning service for small business lending, including the industry-leading Small Business Scoring ModelsSM (SBSSSM) functionality so lenders can quickly and confidently process loans up to $250,000 with little or no financial data.
Source: Automated Decisioning
- Schedule a Demo of WebEquity and see how it provides automated decisioning solutions for lenders just like you.
