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IA SYSTEMS EARNS EXPERIAN “FAST START” CERTIFICATION
IA Systems
certified for Fast Start with Experian, Equifax and Trans Union data
Albany, NY, August 2002 -
IA Systems, a leading provider of electronic lending
solutions for the financial services industry, announced its completion of the Experian Fast Start certification program. IA System’s successful completion of
the Fast Start Certification program allows users requesting credit reports from
any of the three major credit-reporting agencies to use this data to increase
profits, decrease risk, and improve the overall success of their business.
Institutions using IA Systems’ StreamLendTM loan origination software can now
use StreamLend’s powerful workflow, risk-based pricing, and decision engines to
instantaneously provide loan decisions
using data from the Fast Start scoring system. Experian is a global information
solutions company.
“The combination of StreamLendTM and Fast Start offers our clients a unique
competitive advantage,” said Deborah Ryan, CEO, IA Systems, “Embedding the Fast
Start score card into StreamLendTM delivers fast and accurate loan decisions,
helping credit unions and banks save time and money.”
StreamLendTM is an end-to-end loan origination system designed by IA Systems
that enables lending institutions to standardize the loan origination process.
StreamLend’s unique combination of imaging, workflow, decisioning, and
electronic signature capabilities lets institutions process loan requests
quickly and easily, while avoiding the cost and inefficiencies of a traditional
paperbased lending model. By adding an industry-specific scorecard that can
analyze credit information from all three major credit-reporting agencies,
StreamLendTM becomes an even more
effective tool for staying ahead in the competitive financial services market.
“Fast Start is a proven solution that provides our clients with a solid
decisioning tool that is not only simple to maintain, but also includes a
comprehensive consulting service to help clients optimize the use of the Fast
Start model for their specific needs,”
said Martin O’Connor, Vice President of Scoring and Analytics, Experian. IA
Systems is an affiliate of Securian Financial Group (SFN) and Minnesota Life
Insurance Company.
About IA Systems
IA Systems, Inc. (IA), an affiliate of Securian Financial
Network (SFN) and Minnesota Life Insurance Company, is a leading provider of
high-quality software solutions and services that automate business processes
for the financial services industry. With its core product StreamLend™, IA
provides financial institutions with the most advanced systems for their lending
needs. IA is committed to innovating the lending process with advanced
technology, integrated custom solutions, and a knowledgeable staff of lending
experts.
About
Experian Experian enables organizations to find the best prospects and make fast,
informed decisions to improve and personalize relationships with their
customers. It does this by combining sophisticated and intelligent
decision-making software and systems with some of the world’s most comprehensive
databases of information on consumers, businesses, motor vehicles and property.
Through multi-channel delivery of its Web-based products and services, Experian
enables its clients to conduct secure and profitable e-business and develop
state-of-the-art
Customer Relationship Management (CRM) systems for communicating and building
one-to-one relationships with customers. Experian is a subsidiary of GUS plc and
has headquarters in Nottingham, UK, and Costa Mesa, Calif. Its 12,000 people
support clients in more than 50 countries. Annual sales are approximately $1.5
billion. For more information, visit the company's Web site at www.experian.com.
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