|
Performance Throughout the Lending Process
Shorten your loan processing cycle, reduce costs and improve customer acquisition and retention. Leading lenders worldwide rely on ILOG's Business Rule Management System (BRMS) throughout the lending process, from loan origination to underwriting to servicing.
More-efficient processes keep you ahead of increased competition, changing regulations and fluctuating loan volumes. Mortgage lenders, credit reporting companies, mortgage insurance companies and mortgage investors all achieve higher ROI with ILOG BRMS.
|
Accomplish key objectives
Lenders achieve essential goals with ILOG-based solutions:
- Deliver loan decisions in seconds
- Shorten loan-processing cycle
- Implement rule changes in real-time
- Enforce risk-based pricing
- Make optimal counter-offers
- Improve up-sell and cross-sell
- Achieve transparency and audit trails
- Align IT with business objectives
|
|
Automate every stage of the lending process
Mortgage credit evaluation, underwriting and loan pricing require thousands of internal and external policies. ILOG's Business Rule Management System (BRMS) replaces these hard-coded, scattered policies with automated, centralized business rules.
You do away with manual practices and rigid systems that are costly to maintain and integrate. With ILOG BRMS, lenders achieve:
- Greater efficiency
- Lower underwriting costs and risks
- Enhanced process transparency
- Shorter loan processing cycles
According to leading research firm Tower Group, "A business rule management system is essential in mortgage lending."
Advanced solutions for leading lenders
Global 500 financial institutions worldwide rely on ILOG BRMS for consumer lending and credit solutions. Leading institution go beyond basic automation by adding intelligent decisioning capabilities:
- Engage in effective risk-based pricing with advanced functionality like decision tables, central rule management, modeling and loan configuration capabilities
- Support your business strategies by creating customized rules around product, rating, scoring and eligibility determination
- Meet customer needs by optimizing debts, loan amounts and making product recommendations -- while adhering to underwriting guidelines
- Gain efficiency throughout the lending process, and across loan products: mortgage, home equity, auto, credit cards
Maximize returns with ILOG's Lending Practice
Let ILOG consultants show you how to achieve better results while reducing development time, costs and risks. ILOG offers a complete array of consulting services, including education and customer support.
Backed by industry experts, ILOG's Lending Practice delivers:
- Best practices
- Proven methodology
- Implementation roadmaps
- Modeling tools
Templates address lending-specific functions like eligibility determination, rating, score cards, credit scoring, pricing, risk assessment and compliance. For more information, contact ILOG Professional Services.
Next steps
Learn more about how ILOG can help you improve consumer lending and credit operations:
|
