lending risk

BUSINESS PROCESS AUTOMATION FOR BANKING LOAN ORIGINATION

The defi Team Automation, defi INSIGHT

Business process automation has helped the banking industry bring efficiency to high-volume processes. It brings speed and accuracy to account openings and closures, credit card applications, and loan originations. Recent fintech innovations are transforming the loan origination process with lower processing costs, better quality, and consistency in lending decisions—and lower risk.

lending risk

THE BENEFITS OF CREDIT RISK MANAGEMENT AUTOMATION FOR LENDERS

The defi Team Automation, defi INSIGHT, defi LOS

For many lenders, credit risk management depends on years of experience. Their credit risk expertise is a mix of shrewd loan portfolio analysis and an innate intuition about borrower risk. While that may have worked in the past, credit risk management is shifting from human judgment to automated, data-driven lending decisions that assess credit risk far more accurately.

down payment fraud detection

FOUR WAYS DECISION RULES DRIVE LOAN ORIGINATION AUTOMATION

The defi Team Automation, defi INSIGHT, defi LOS

Decision rules are a big reason why modern, cloud-based loan origination solutions are so efficient. Decision rules may be used in nearly every step of the process. They are the foundation for loan origination automation. Unlike legacy lending software, decision rules don’t need in-house programming skills or outside consultants to make loan origination process modifications. Instead, they are created and managed by using configuration menus.