| Of course trying
to achieve a totally automated process, void of human involvement,
is the 'holy grail' of automated decision making but this
can be expensive and the goal sometimes elusive, as some banking
institutions have discovered!
Integrating automated credit decision making
into a loan process can deliver a variety of benefits that
are not always associated to managing transaction volume.
It is often possible to automate specific areas of the decision
making process to deliver cost efficient solutions to needs
such as exceptions management, work load balancing, completing
simple but time inefficient credit steps, automating decision
making for specific product types.
These needs will require a solution that delivers
on the following core requirements:
- A management capability
to defined rules associated to credit reports and Integration
with credit reference agencies. I.e. Baycorp
- The capacity to define and maintain
credit rules relative to specific product programs that
influence data entry options
- The ability to define income serviceability
ratios and rules
- Integration of origination channels
into the automated credit decision making process
- An ability to define actions resulting
from credit decision rule outcomes, including automated
interaction with third party service providers and transaction
re-assignment
Whether a private lender, wholesale funder
or mortgage manager, our solutions can be turnkey or integrated
into a broader lending environment - they are cost efficient
and able to be implemented within realistic time frames.
Interested?
Call now to find out more or organise an appointment, 1300
721 243.
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