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APPRO® Lending
Business and Consumer Software

A Comprehensive Solution for All of Your Loan Processing Needs.

Lenders are faced with the need for end-to-end loan processing to minimize manual and redundant tasks, eliminate multiple systems for different lines of business, and reduce inconsistency in decisioning. All of this must be accomplished while enforcing adherence to credit policy and improving customer service. APPRO fulfills these needs through a scalable solution that meets these needs and allows for a phased approach to implementation and automation allowing you to adapt at your own pace.

APPRO, our next-generation solution for business and consumer lending, is built with the latest in .NET technology using a flexible Service-Oriented Architecture. Over 27 years of experience with top lenders has enabled us to create the industry’s best business lending functionality and processes for implementation and support, with the flexibility to leverage the knowledge and expertise accumulated from a vast array of industry leaders.

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Key Benefits

• Simplify loan processing through the use of one system for all loan origination needs—from a simple line of credit to complex commercial real estate loans, including complicated applications that have multiple products, companies, individuals, and collateral.
• Empower people to better serve their customers by providing a comprehensive view of application and credit data through a highly-intuitive interface that includes an Application Summary, Financial Statements and Ratios, Debt and Credit History Analyzer as well as standard reports (e.g. the Credit Approval Memo).
• Increase credit portfolio quality and risk management capabilities through extensive analytics to support judgmental or fully automated decisioning.
• Accurately model policy and processes, and quickly implement change through client-configurable intuitive maintenance programs.
• Tailor product offerings for each customer through relationshipbased pricing and credit limit assignment.
• Improve customer service and management of exposure by recording and tracking key relationships over time between individuals, companies, guarantors, and collateral. Take advantage of our state-of-the-art data storage method called “The Party Model”.
• Minimize time and cost to implement the system and incorporate new lending capabilities through the use of intuitive client-configurable administrative programs, as well as multimedia training and online documentation.

End-to-End Loan Processing Workflow

1. Data Acquisition Perform “what-if” loan calculations Match product and terms of the loan to that borrower’s needs, credit worthiness and collateral Capture data for multiple entities, products & collateral on a single application Capture data using client defined fields for each application, applicant, product & collateral record Perform validation on required or missing information fields Record compliance data Structure loan terms & assign collateral Import existing customer data or applications from external systems Re-use & copy applicant data (including credit history & financials) Produce early disclosures 2. Decisioning Order credit history, scoring & fraud products from any major data source (Equifax, Experian, TransUnion, D&B, FICO) Implement custom scorecards & FICO’s LiquidCredit scores Assign risk processing levels Calculate ratios Price credit products Assign or recommend decision & credit limit Provide summary & analysis of application data Identify insurance and cross-sell opportunities & provide sales scripting Support faxing and emailing of notifications and settlement service requests Perform HOEPA & HMDA tests 3. Loan Processing Order & record settlement services items Satisfy checklists & stipulations Validate loan terms & create contract Generate and track disbursements Support for indirect lending (Calculate Buy Rate, Calculate Dealer Reserve) 4. Booking & Fulfillment Generate & print closing documents Interface to third party systems including servicing & document systems 5. System Display a personalized application list Search for applications, applicants & collateral Attach supporting documentation Manage security (Roles, Teams, & Users) Preserve audit trail for internal & external regulatory requirements Enforce policy & processes through client configurable maintenance programs Utilize multimedia online training

Implementation and Support

Best practices exist for the implementation and support for APPRO. These include:

• Customer-Focused Teams—Dedicated team comprised of experts in all areas of the system, assigned to each customer
• Custom implementation plan
• 1-week hands-on system training and configuration
• Free Test System for the life of the service

Global Customer Training Tools

Real-time access to online multimedia training and documentation including:

• Computer-based Training modules (CBTs) for end-users and administrators
• Online help files and documentation—ShowMe Help Videos, Configuration and Quick Reference Guides and an End-User Manual.

Equifax Consulting Services

Professional services and consulting to help you reach your implementation and loan origination goals and objectives.

• Lending Best Practices Gap Analysis
• Automated Decision Optimization (ADO)
• Strategic Configuration Design

APPRO Customer Exchange

Become a member of an exclusive group in order to share knowledge and help shape the future of APPRO.

• APPRO User Groups (AUGs)
• Enhancement Requests
• Market Maker Calls
• MyAPPRO (Secure Intranet Portal)
• User Conference
• Web Seminars and Newsletters

APPRO equips your employees with an integrated system that can elevate them out of the mode of “order taker” by providing them with information and automation that allows them to focus their time on more productive interactions with customers, thereby empowering them to become a “trusted advisor” for financial transactions.

APPRO is part of a suite of technology solutions that can help you make better decisions and improve profitability. For more information, contact your Equifax sales representative, or call +1 866-277-7612, or visit www.enable.equifax.com.