CreditCore®_Business

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Overview

Business deals are the 'bread and butter' for many institutions, however they often get overlooked in most loan origination solution offerings today. But it doesn't have to be this way. That's why we've designed a solution to fill the void between consumer and commercial lending. Use CreditCore®_Business standalone or seamlessly integrated with our CreditCore®_Consumer solution to jump start your lending.

By popular demand, meet the latest addition to the CreditCore® product suite family...CreditCore®_Business.

Key Features

CreditCore®_Business Features Overview

Spreading & Financial Statements

  • Basic spreading of company financial statements along with company and individual tax returns

  • Derive a UCA Cash Flow and global debt-service-coverage ratio, amongst others

Loan Product Features & Flexibility

  • Ability to accommodate an unlimited number of unique loan products, credit policy, compliance features, acceptable collateral, users, lending authorities, etc. by state for client partners operating in multiple states

  • Configurable multi-dimensional pricing matrices available at loan product level for Interest Rate, Loan Amount and Loan Term

  • Configurable policy rule engine to automate institution credit policy

  • Ability to allow for unlimited number and type of collateral on a single loan request

  • Ability to allow for “fixed” and “variable” rate loan structures

  • Unique 'To Do' application checklists configurable by loan product

  • Ability to configure custom disclosures and associate to all or specific loan products

Integrations

  • Access to Experian, Equifax and TransUnion consumer credit reports

  • NAICS look up tables built directly into data entry workflow

  • Search and import core customer data through regular batch exports including demographic, relationship deposit and relationship debt details

  • Document preparation interfaces to Finastra LaserPro via Import Connect Basic and/or WKFS’ ComplianceOne Lending and ComplianceOne Mortgage to allow for passing of loan data from CreditCore® to these products

  • Auto valuations supporting automobiles and light trucks

  • And more... (click here to see a full list of available integrations)

Mobile & Web Facing

  • Accessible through multiple browsers including Safari on desktop and mobile devices

  • Configurable CUSTOMER FACING web application to accept online loan applications from bank customers including electronic delivery of early disclosures to customer and allowing customer to submit notes and documents along with application

Reporting & Dashboard

  • Customizable interactive, analytics-driven user dashboards with “drill-down” capabilities

  • Built-in, simple yet powerful reporting tool

  • Tactical and strategic dashboard offering administratively configurable by user roles/responsibilities

Compliance Features

  • Beneficial Owner

  • Adverse Action Letters, Custom Letters/Disclosures, FACT Disclosures (CSEN and RBPN), Privacy Notice

  • HMDA and CIP requirements

Alerts & Monitoring

  • Built in and easy to set up email and/or text alerts to the appropriate parties from the time a loan request is received up until it is ready for booking

  • Set up automated email, text and on screen notifications to make sure disclosures are generated within the time frame you specify

  • Set up additional automated email, text and on screen notifications to ensure applications are decisioned within your own institution service levels

  • Ability to configure client-defined Service Level Agreement (“SLA”) alerts by loan product with text and or email alerts to appropriate people or parties

Key Benefits

  • Reduce costs & decision time

  • Make consistent loan decisions
  • Ensure compliance with business lending standards including Fair Lending and Beneficial Ownership

  • Easily accept online business applications over mobile devices and desktops directly from your website

Product/Service details

SOLUTION OR SERVICE TYPE