For a modern lender – it’s time to say goodbye to entry-level origination decisioning and upgrade to the ADEPT Decisions Platform. Our Origination Decision Engine will maximise your portfolio results.
Why do lenders require a Decision Engine and a Loan Origination System?
What is a Loan Origination System?
Loan Origination Systems (LOS), also known as Application Processing Systems (APS), are complex tools that do a lot of heavy lifting. They have to manage the credit application from inception to completion, including all of the following tasks:
Gather data through application screens, internal files and third-party sources
Understandably, the decisioning capabilities within a Loan Origination System are rudimentary, and inadequate for the needs of a modern lender. A Loan Origination System should not be confused with an Origination Decision Engine!
ADEPT Decisions Platform
- Implement multiple score types for each application.
- Input traditional, regression, tree and Machine Learning models directly into the system.
- Call external scoring services for frequently redeveloped models.
- Interface directly to a local credit bureau to retrieve data.
- Conduct A/B testing of multiple credit bureaux to find the best data for your decisions.
- Save bureau costs by only calling when necessary.
- Apply policy rules for instant application knock-outs.
- Chain decisioning together to complete full assessment of all application criteria – accept/decline, exposure, affordability, pricing etc.
- Implement A/B testing to improve results.
- Bring activity and velocity data into the decisioning to identify suspicious activity.
- Calculate fraud prevention scores to quantity risk.
- Apply weighted fraud rules to maximise identification and minimise false positives.
- Implement multiple score types for each application.
- Input traditional, regression, tree and Machine Learning models directly into the system.
- Call external scoring services for frequently redeveloped models.
- Interface directly to a local credit bureau to retrieve data.
- Conduct A/B testing of multiple credit bureaux to find the best data for your decisions.
- Save bureau costs by only calling when necessary.
- Apply policy rules for instant application knock-outs.
- Chain decisioning together to complete full assessment of all application criteria – accept/decline, exposure, affordability, pricing etc.
- Implement A/B testing to improve results.
- Bring activity and velocity data into the decisioning to identify suspicious activity.
- Calculate fraud prevention scores to quantity risk.
- Apply weighted fraud rules to maximise identification and minimise false positives.
Benefits of ADEPT Origination Decision Engine over a Loan Origination System
The ADEPT Decision Engine will typically deliver these benefits which are beyond what a standard Loan Origination System can provide.
A Loan Origination System will only be able to perform some basic scoring and policy rules setting.
Only a decision engine has the true flexibility and functionality to perform complex calculations and make granular assessments. An Origination Decision Engine maximises a portfolio’s results by optimising all performance metrics.
ADEPT Decision Engine Benefits
| Originations Metrics | Improvements |
|---|---|
| Increase Acceptance Rate | + 10-15% |
| Decrease Bad Debt | – 20-25% |
| Increase Profit | + 15-20% |
| Decrease IT Costs | – 35-40% |
| Decrease Turnaround Time | – 15-25% |
| Increase Take-up Rate | + 05-10% |
Benefits of ADEPT Decisions over a Loan Origination System
The ADEPT Decision Engine will typically deliver these benefits which are beyond what a standard Loan Origination System can provide.
A Loan Origination System will be able to perform some basic scoring and policy rules setting, but only a decision engine has the true flexibility and functionality to perform complex calculations and make granular assessments which maximise the results of a portfolio by optimising all performance metrics.
ADEPT Decision Engine Benefits
| Originations Metrics | Improvements |
|---|---|
| Increase Acceptance Rate | + 10-15% |
| Decrease Bad Debt | – 20-25% |
| Increase Profit | + 15-20% |
| Decrease IT Costs | – 35-40% |
| Decrease Turnaround Time | – 15-25% |
| Increase Take-up Rate | + 05-10% |
What clients are saying
