Post-apocalyptic lending

Luke Taylor
Author: Luke Taylor CCO & Deputy CEO
Date: 14th August 2014
Categories: Technology

In the wake of the sub-prime mortgage crisis at the end of the last decade, the loan and mortgage markets have changed drastically.  Lenders are required to adhere to a complex set of regulations such as the Dodd-Frank legislation amongst others.  These new restrictions combined with a general drop in demand for loans across the board can make it really tricky for lenders to be competitive.

However this needn’t be the case!  The application risk market is changing, but if lenders change with it, then opportunities to attract valuable customers with low levels of risk won’t become a thing of the past.  By automating a large percentage of applications, lenders can allocate resources more responsibly and efficiently to take care of more complicated cases.

Neural Technologies Application Risk Management system uses real-time, rule-based analytics to take care of simple lending decisions without increasing risk.  Also, by incorporating regulation into our customizable policy rules, lenders can continue to work fluently to enhance profitability without being bogged down by the newly complicated originations market.

By integrating risk-management and fraud prevention systems into a credit originations programme, it becomes much easier to identify risks and seek out the best customers.  As Neural Technologies’ system is quick to implement and web-based lenders can enjoy all the perks of a hosted solution, at a fraction of the cost.
Tom DiMaio

Commercial Business Analyst, Neural Technologies