Loan underwriting is tricky. Everyone has unique financial circumstances, and there’s no way you can be 100% certain that someone will pay back a loan. Today we are seeing a new generation of borrowers, customers with no credit history, and a large digital footprint. The traditional policy-driven rules-based manual underwriting that has worked so far… Continue reading Manual Underwriting Minimizing Your Credit Decisioning Accuracy?
Tag: automated underwriting
How can your Credit Union increase revenue through automated underwriting?
High level of approved not-funded applications. Large volumes of manual reviews. inconsistent decisions. inability to meet real time demands. Do these sound familiar to you? These challenges are familiar with manual underwriting systems and process, and can negatively affect your loan portfolio. Automated underwriting is the answer to solve many of these challenges. Automated… Continue reading How can your Credit Union increase revenue through automated underwriting?