Credit Decisioning
Apply policies consistently and transparently for optimum business results
Corticon solutions streamline every kind of credit decisioning - from mortgages to secured loans, auto loans to credit cards. Corticon is a key enabler in managing requirements, assessing risk and even driving effective collections strategies.
- Establish Eligibility
- Assess Risk and Price
- Origination and Documentation
- Account Servicing
- Managing Collections
For virtually every distinct product there are a different set of rules for eligibility. With Corticon solutions you can automate eligibility decisions, applying your business policies and ensuring that product eligibility is determined appropriately and instantly, even for the most complex products. Employing Corticon intelligent interactions technology can make self-service a reality, even when products are being added and changed rapidly.
Pricing credit products - determining risk, calculating rates, determining fees - can be complicated. . Automating these calculations with Corticon's business rules solutions ensures they are done right every time. Corticon's solutions bring product owners into the process so the rules can be managed directly by those who understand them, and rapidly updated without an IT bottleneck. Adding advanced analytics to predict risk is easy too, thanks to Corticon's relationship with KXEN.
Many credit products have complex origination processes and need significant documentation. Federal, state and local regulations can all affect the documentation that must be gathered, stored and validated. Managing all these rules using Corticon's business rule solutions ensures that customers are only asked for the documentation that is truly required while ensuring that nothing is missed. Using Corticon's intelligent interactions technology further automates origination processes, delivering a superior self-serve front end experience.
Collecting payments, managing early pay offs, and closing out loans are all opportunities to build positive or negative customer relationships. Using Corticon's business rules solutions to manage all the decisions that occur during the life of an account helps ensure consistency and excellence through the life of an account.
Any customer portfolio contains customers who get in trouble and enter the collections process. But you need to ensure that the right approach is taken with each customer to maximize profitability - whether that means working with them on a long term plan or trying to get the best payoff you can manage. Corticon's business rules solutions lets you put the expertise of your best collections agents to work across your whole portfolio. And with Corticon's interactive Dialogs even the newest staff are guided to lead effective conversations with customers, maximizing the return from your portfolio.
Additional Corticon Banking Solutions: Front Office, Risk Management, Core Operations
Related Products:Corticon Business Rules Modeling Studio, Corticon Business Rules Server, Corticon Dialogs
To speak with someone at Corticon, please contact us here, call us at +1 888.619.2424 or email us at info@corticon.com.
