|
New:
Business Lending in StreamLend Velocity
We offer a
loan origination business lending module that easily
integrates with our
world-class lending system, StreamLend Velocity.
The entrepreneurial spirit drives the world’s economic engine.
Are you
prepared to meet the needs of today's entrepreneurs, whether they're big
business entities or mom-and-pop enterprises?
StreamLend Velocity’s Business
Lending module will help you build long-term client relationships, increase
client satisfaction, streamline loan processing and increase loan
offerings.
Application, financial and collateral data are captured for
individuals, businesses, guarantors and authorized users and then presented in
credit, decisioning and funding views that make it easy for institutions to
enforce loan policy guidelines.
Product Features
Business line of credit module
- Captures pertinent information about the business entity and its
principals as required for decisioning, documentation and relationship management.
New application data entry
– Look up all existing business applications as well as all consumer
applications that exist in Velocity for a particular principal and
provides the ability to copy data between the two.
Principal and business entity types
– Identifies each applicant according to his or her relationship to the
business entity and drives logic based on the principal and business
entity type.
Credit maintenance
- Captures credit bureau data for both the business and individual
credit to be pulled on each application.
Lender settings
- Allows the client to set policy settings such as the minimum “years in
business” that would be required to pull credit and to include in
underwriting.
Manual credit request
- Pull credit on the business, principals or both at any point in the
process. Also be able to resubmit a request to re-score using existing
credit bureaus.
Fraud/office alerts
- Screen of principals and business entity for fraud and OFAC.
Fair Isaac interface
– Review basic
credit summary information on the business and its principals returned from
Fair Isaac in human readable form. Critical data returned from Fair Isaac is
available as attributes for use in automated decisioning, workflow, automated
conditions, automated forms selection and policy setting. Business credit score
appears in key data.
Top ranked principals
- Determine top-ranking principals entered on an application based on
percent of ownership, with highest net worth as the tie breaker. Logic
used for display and credit pulling purpose.
New business ratio
- Calculates and displays business-specific ratios.
NAICS codes
- Captures all NAICS codes that are deemed
“unacceptable” to a financial institution and manages workflow when this type of
NAICS code is encountered.
Net worth
- Calculates and displays total assets, liabilities and net worth for
each principal.
Decision engine
– Generates decision engine rules based on selected attributes of the
business entity and its principals.
»
back to top
|