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Mortgage Origination for the Digital Consumer
With more transparency and choice available than ever before, today’s mortgage customers expect a fast, personalized and convenient experience. The origination portion of this process is often the critical differentiator. For the lender, understanding the the optimal risk-based pricing decisions associated with each application is imperative. Being able to iterate on credit policy and work to provide mortgage credit to eligible customers while understanding how credit policy affects portfolio performance and profitability is crucial.
FICO provides a range of solutions to help with these origination decisions in partnership with your existing or new loan origination system. Whether you want to create an analytically-informed customer-level view of underwriting for all lines of real estate loan products, or if you are looking to create optimal pricing for all mortgage products within your risk appetite framework, we have the solution to fit your needs.
Acquire the most profitable mortgage customers with an origination experience that exceeds their expectations.
Automate successful point-of-sale practices by combining complex offer structuring with product and pricing policies to generate salable loan packages tailored to an individual.
Enable a rapid time to market for business users with the ability to author all business policies from pre-qualification through full underwrite in a controlled environment.
Empower loan consultants with detailed information on benefits of available offers as well as precise reasons for ineligibility (i.e., near-misses).
Ensure compliance with constantly shifting regulatory requirements, with minimal vendor or IT intervention.
Flexible Origination Framework enables lenders to:
Centralized Mortgage Intelligence Hub empowers organizations to:
Robust Decision Management Tools give business users:
Realize the promise of advanced analytics and decision management.
FICO Decision Technology Community
SunTrust customers have a user-friendly, efficient process throughout the loan application; the bank responds quickly due to improved workflow and automation; and new account bookings have increased 50%.
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Today’s home buyers expect mortgage lenders to provide an efficient lending experience with pricing transparency and customer-centric option analysis. Capitalizing on this opportunity, disruptive mortgage lenders are harnessing analytics a...