Equifax Consulting Services, Equifax Enabling Technologies’ professional services and training division, focuses on the business drivers that enable cost reduction, operational flexibility, and customer-focused lending strategies. We provide professional services for Enabling Technologies’ clients from strategic planning through the implementation of business, technology, and organizational change. Our resources draw best practices from Enabling Technologies’ experience and deep knowledge of the lending industry.
The 1-Day Needs Assessment is designed to help you quickly understand the capabilities available in APPRO and prioritize improvement projects within your lending institution. Our consultants walk you through each capability and explore the value those capabilities can provide. The end result is a report of prioritized improvement initiatives.
VALUE: An understanding of the capabilities available in latest release and a plan to implement those capabilities based on the best practices use of APPRO.
Gap Analysis serves as the cornerstone for process improvement. The Gap Analysis identifies opportunities to improve lending processes, policies, technology, and the organization. The scope of the analysis may vary depending on the specific needs of your lending institution, but typically includes an in-depth evaluation of current loan processing and underwriting activities. The outcome is a detailed assessment of current capabilities with specific recommendations to implement world-class lending operations.
VALUE: An Action Plan to improve lending capabilities based on a detailed evaluation of your organization in comparison to industry best practices.
The LoanCenter Strategic Configuration focuses specifically on ensuring all settings within your LoanCenter system are aligned with your lending activities. Workflow, products, users, credit policy, notifications, and other configurations are compared to business needs. The result is specific recommendations to configure your LoanCenter system.
VALUE: An Action Plan to improve business lending capabilities based on a detailed evaluation of your organization in comparison to industry best practices.
The APPRO Strategic Configuration delivers an end-to-end configuration of the APPRO system. Designed to assist lending institutions that are new users of APPRO or those that want to ensure all APPRO capabilities are being utilized, this service delivers a best practices configuration of your APPRO system.
Recommendations are based Equifax exposure to world-class business lending environments and the specific needs of your lending business.
VALUE: An APPRO system that is configured based on best practices use of the system.
One of the primary benefits of LoanCenter is its ability to automate credit policy and underwrite decisions, reducing the need for human review of loan applications. An accurately configured credit policy within LoanCenter delivers significant value:
The Automated Decision Optimization (ADO) analysis identifies a list of changes that will increase automated decision rates. The analysis is based on an analysis of your historical loan decisions in comparison to industry best practices, your lending institution’s credit policy, and your LoanCenter configuration. The process examines the current state of the existing automated decisioning environment and then identifies the system settings which require addition, deletion, changes, or adjustment to improve overall automated decision rates.
This standard service is offered at $10,000 and is completed in approximately 3 – 4 weeks.
In addition to the ADO analysis, a reports package is available providing your financial institution with the tools and expertise to continually monitor and manage your automated decision rates. Training on the reports package will educate your analysts on how to use the reports package and how it is used to pinpoint configurations in the system that may require adjustments to continuously improve your automated decision rates.
The standard reports package and user training are offered at $8,000. Training on the reports package is usually completed in one day.
The LoanCenter Business (LCB) Strategic Configuration delivers an end-to-end configuration of the LCB system. Designed to assist lending institutions that are new users of LCB or those that want to ensure all LCB capabilities are being utilized, this service delivers a best practices configuration of your LCB system.
Recommendations are based on our exposure to world-class business lending environments and the specific needs of your lending business.
VALUE: A LoanCenter Business system that is configured based on best practices use of the system.
Gap Analysis serves as the cornerstone for process improvement. The Gap Analysis identifies opportunities to improve lending processes, policies, technology, and the organization. The scope of the analysis may vary depending on the specific needs of your lending institution, but typically includes an in-depth evaluation of current loan processing and underwriting activities. The outcome is a detailed assessment of current capabilities with specific recommendations to implement world-class lending operations.
VALUE: An Action Plan to improve business lending capabilities based on a detailed evaluation of your organization in comparison to industry best practices.
To learn more about how IntelliTrust services can improve your lending capabilities, contact your Team Delivery Director.
Equifax Enabling Technologies
7173 Florida Blvd.
Suite 100
Baton Rouge, LA 70806
Phone:
+1 866-277-7612