By implementing a risk decisioning solution for your loan originations, you can streamline the entire loan origination process – from application to underwriting to disbursement. With real-time data access, customizable decisioning processes, and advanced analytics you’ll be better equipped to manage your loan pipeline and customer portfolios more efficiently and effectively.

Loan origination software on its own can’t usually handle a variety of data sources and more sophisticated loan servicing processes.. Most loan origination software has a predeveloped list of data integrations that go hand in hand with pre-built decisioning logic. But with more advanced loan decisioning software in the way of a robust, credit risk analytics and data platform, the sky’s the limit in adding, testing and iterating new data sources.

In-house loan origination systems often contain your LOS screens and your decisioning logic, all in one. Which sounds great but isn’t actually effective in practice – it limits flexibility and agility, and increases development and implementation time, leading to frustrated business users, impatient loan applicants, and stilted growth.

While it may seem counterintuitive to implement MORE technology, it’s rare that the same technology for your loan origination is effective in powering end-to-end application processing. Simple decisioning found in most loan servicing software can’t handle more sophisticated risk strategies – which is why financial institutions need more sophisticated risk decisioning solutions that can handle real-time data integration, automated decisioning, and advanced analytics.