Automated Underwriting

Make better, faster lending decisions to stay competitive and meet members’ needs.

High levels of approved-not-funded applications. Large volumes of manual reviews. Inconsistency across lending decisions. Inability to meet the real-time demands. Do these sound familiar to you? These challenges are prevalent with manual underwriting systems and process, and can negatively affect your loan portfolio profitability.

An automated underwriting strategy enables you to make consistent, accurate and quick decisions — all while providing your members with a positive application experience.

Our consulting engagement model will determine the optimal approach to implementing an automated underwriting system. The model includes:

• Project management: Collaborative strategy planning meeting with all key stakeholders
• Information gathering: Evaluate and select data assets to segment the client base, and then identify and apply the most predictive attributes to the underwriting strategy
• Strategy design: New rules for automated decisioning are created and manual underwriting procedures are redefined to create a strategy that ensures optimal results
• Strategy implementation: Leveraging Experian’s Decisioning as a Service^SM software, the new underwriting strategy is implemented in the loan origination system

Our consultants have more than 20 years of experience and understand the challenges you face. Let us help you reduce the number of manual decisions made, determine the right decision with speed and accuracy, provide cross-sell and up-sell opportunities to the right customer at the right time, and grow portfolio revenue with an automated underwriting strategy.