What’s Your Decision Manager for Business Lending
Exciting news happened this week for everyone in the lending sector. Harland Financial Solutions announced this week the release of Decision Manager, the latest addition to the CreditQuest risk and credit management software suite. With data capture and advanced automation capabilities, Decision Manager enables rapid decision turnaround to credit requests for business and individual borrowers. The solution further helps lenders make more consistent loan decisions by ensuring that credit applications are screened against detailed, pre-defined credit policies. In many cases, credit applications can be processed and approved immediately during the approval process―without the involvement of senior-level credit managers.
“The recent tough times in the credit markets have made lenders reconsider their processes and heighten their sensitivity to credit quality,” said A.O. “J.R.” Clemons, president of Risk Management and Compliance Solutions for Harland Financial Solutions. “Adding Decision Manager to the CreditQuest suite provides the added functionality lenders need to efficiently manage transactional-type loans, while still monitoring risk. Once new business is on the books, the lender can enjoy the efficiencies that CreditQuest provides for managing the ongoing customer relationship.”
CreditQuest has a solid reputation for both top-down and bottom-up risk management and control. It offers lenders the ability to view the entire portfolio and analyze data for exposure, risk and risk migration, further providing detailed financial analysis for assessing the risk of individual businesses. In addition, it enables lenders to originate and manage mid-market and commercial credit activity to evaluate individual companies and relationship groups, and to support entity and facility risk models.
