Providing the Edge Over Your Competitors
Automated underwriting systems (AUS) have become
the tools of choice for most lenders in the residential
mortgage space. However, lenders that can easily
customize their AUS are experiencing a significant edge
over competitors and are more effectively reducing costs
associated with their underwriting processes on a regular
basis.
With the Metavante Lending Solutions Business Process
Management (BPM) system, you can create automated
underwriting processes customized specifically to your
guidelines, product and pricing rules, and conditions
and stipulations. The Metavante Lending Solutions
custom AUS solution streamlines the decisioning process
by efficiently unifying the key mortgage automation
tools.
The backbone of the solution is BPM, which provides a
user-friendly visual interface for defining and modifying
workflows as well as capturing key data for measurement purposes. Our product and pricing engine delivers multi-product, real-time, and risk-adjusted eligibility,
pricing, and qualification. Lender-specific conditions
and stipulations are automatically generated and applied
based on lender-defined business rules. Finally, the
LoanPortal platform provides automated service order
capability from industry-leading AUS, credit, and
settlement service providers.
The end result is an integrated system empowering the
business to easily automate, measure, improve, and
change its complex lending processes to maximize overall
performance without reliance upon IT staff. The decisioning rules are consistently applied, thus ensuring
compliance while eliminating human error and driving
desired results. The flexibility offered allows lenders to
quickly adapt to industry changes and new market
opportunities through the application of the lender’s
own unique decisioning process.
Business Process Management and Customized
Automated Underwriting are becoming the primary
drivers for the most successful lenders in the mortgage
industry. Following are some key benefits and features of
these services. |
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Benefits
- Provide auto-approval capability, reducing the
approval time and enhancing the borrower
experience
- Deliver the “best-fit” product selection against all
available products, and consistently apply accurately
adjusted and risk-based pricing
- Develop and display customized loan product and
transaction-specific conditions and stipulations,
providing the ability to approve even the most
complex loans
- Minimize the need for human "touches" during the lending process
- Drive just-in-time decisions based on business channel, application data, product eligibility rules, and service order data
- Automate service provider selection, and monitor service-level compliance
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