Automation in the loan decision process is something that can save a lot of time and money. Some lenders like to automate all aspects of loan decisioning, keeping human interactions to an absolute minimum. However, others prefer to keep some processes out of automation. This is why FNI Blueprint and DecisionCore offer varying automation at all levels of the loan decisioning process. This is a very powerful and efficient way to work. It keeps productivity levels up and costs for man-hours down. Rote tasks can be automatically completed, leaving analysts’ more time to take care of issues that may require more investigation.
Save time by designating which parts of the loan process can be automated, freeing up your employees to focus on tasks that need intervention.
Not all processes should be handled automatically. Further investigation is sometimes needed to reach a decision. Define those processes that need a second look.
Use DecisionCore to define automated processes where it makes sense. Be more productive and process more applications in a designated time frame by using automation sensibly.
You can organize applications into separate queues and easily identify those that need manual review from the ones that can be automatically processed.
Taking the customer on a personal journey and making that journey scalable across hundreds of thousands of interactions is a very powerful way to take advantage of automation.
Vice President; Sales, FNI
Using DecisionCore strategies, your company is completely free to automate as much or as little of your loan decisioning process as you want. If you would like to see most applications that come through, simply set up DecisionCore to make this happen. You can change automation levels at any time, so proceed knowing that you can be flexible over time.
Using DecisionCore, you can automate as much or as little of your loan decisioning process as you want. If your goal is to automate all workflows, you can certainly make this happen. However, if at any time you want to bring manual reviews back into your process, you can make that change quickly and easily.
Allowing DecisionCore to automate as many processes as possible saves time and money. Keeping human interaction to a minimum allows processes to move consistently and efficiently to a quick decision. However, it is in some clients’ best interest to have some manual processes. This is something clients decide for themselves.