News

Digital Insight Launch DeskTopLender Premium

Wednesday 13 October 2004 15:56 CET | News

Digital Insight has released DeskTopLender Premium (DTLP), a robust loan origination system that streamlines loan operations, automates loan decisioning and allows financial institutions to underwrite a loan at anytime from anywhere.

DTLP is a loan origination system that integrates the consumer-facing AnyTime Lender, in-branch DeskTop Lender, and CallCenter Lender applications. The new version streamlines front and back office lending operations and enables loan officers to focus on activities that increase adoption of additional products and services. Because DTLP is built with a powerful and flexible decision engine, financial institutions can save time and increase efficiencies by processing loan applications through the user-friendly system. In fact, DTLP presents loan officers with all the summarized information needed to make a judgmental loan decision on a single screen. DTLP is unique in the industry with its use of a proprietary decision engine based on Boolean logic. The decision engine ensures that automated lending decisions are made based on a financial institutions lending policies and consistent decisions are received regardless of the channel from which the application is initiated. This results in greater customer satisfaction, improved rates of automated decisions, and higher loan quality for the financial institution. DeskTopLender Premium key product features include: Proprietary decision engine -- executes loan decisions automatically in under 30 seconds, and supports re-decision of applications that require further review. Configurable decision rules -- change and add rules easily based on underwriting criteria for every type of consumer loan product. Loan summary -- displays the applicants credit history, comparable credit, capacity to repay the loan and the ability to payoff liabilities. Credit bureau summary -- provides credit report information including: bureau score detail, adverse actions, credit summary data, trade lines detail and payment history. Maintains a real-time connection to the latest versions of credit bureau reports. Decision recommendations -- set up base for credit policies. Adverse action reasons or loan conditions are also displayed. Automated workflow -- provides automated work flow for back office operations which is customizable by the financial institution. Automated workflow allows for work to be routed to the appropriate place at the appropriate time for efficient processing and decisioning.


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Categories: Payments & Commerce | Payments General
Countries: World
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