Consumer Credit Analysis
Consumer credit analysis in WebEquity is specifically designed to enable lenders to realize more productivity through easier, more reliable financial analysis computing, lower technology and maintenance costs, and the ability to quickly and confidently process consumer credit applications.
Consumer credit analysis can be performed with minimal customer information, a credit bureau score and your own risk rating parameters. The WebEquity consumer credit analysis process will help you confidently accept or decline "no-brainer" consumer credit requests in minutes instead of hours or days.
Consumer credit analysis can be decisioned using "Credit Action" forms that are totally customized by you. Examples include...
- Application For Credit
- Credit Presentation
- Work Flow Checklist
- Scoring & Rating Model
- Credit Approval
Consumer Credit Analysis Action Form Customization...
- You determine the information you want gathered for your consumer credit analysis to decision a particular loan amount and loan type... Boat or Vehicle Loan
- Recreational Vehicle Loan
- Home Equity Line of Credit
- Whatever your customer needs, when they need it!
- You determine the appropriate level of consumer credit analysis No more over-analyzing credit decisions
- No more wasting precious time
- You dictate the way the consumer credit analysis action forms look on the screen, how you enter information into the consumer credit analysis action forms and how the consumer credit analysis action forms look when you print them.
- Do you have a consumer credit analysis spreadsheet you just can't live without? Much of what your favorite spreadsheet can do can be mimicked by customizing the consumer credit analysis action forms.
- The advantage of using WebEquity's consumer credit analysis over spreadsheets is that all your customer information is maintained in a single system so you can streamline fragmented lending processes and eliminate redundant data entry chores.
Consumer Credit Analysis Credit Scoring & Risk Rating...
WebEquity consumer credit analysis provides connectivity to industry credit bureaus including credit reports and other products these vendors provide. Additional features include...
- Enhanced validation and re-validation schemas for determinants and weightings in your consumer credit analysis.
- Changes to determinants and/or weightings can be easily facilitated in your consumer credit analysis.
- Decisions are easily retained and serviced year after year.
- Reduces the time & expense associated with regulatory compliance in consumer credit analysis.
The scoring and rating models for your consumer credit analysis can be totally customized by you to approve more consumer credit applicants and increase profitability with risk-based pricing strategies for all your consumer credit analysis requests.
Consumer Credit Analysis Reporting & Tracking...
Consumer credit analysis in Web Equity Manager provides access to the output of decisions and reasons that support each loan decision. Consumer credit analysis decisions can include:
- A listing of the individual criteria the applicant was scored on.
- The performance of the applicant on each criteria.
- The weight of each criteria.
- Any lender comments regarding the decision.
Consumer credit analysis decision outputs can be as simple as using just an overall score or can include multiple parameters for approval and pricing recommendations depending upon how you configure the system. Additional features include...
- Instant results (approve, deny, review)
- Pre-Score Validation / Review
- Loan Status Tracking
- E-signature Functionality
- Tiered Interest Rate Matrix
- Monitoring Loan Status
- Characteristics Analysis
- Scoring & Rating Performance Score
- Criteria
- Model
- Staff Performance
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: Consumer Credit Analysis
