Provide the best possible loan at the first borrower contact—while increasing operational efficiency
Market fluctuations and limitations on marketing activities make it more important than ever to present the right product at the right time — and to deliver that product as efficiently and profitably as possible. Major financial institutions cannot wait for borrowers to ask for the right product or determine for themselves exactly what they need. Instead, the lender must act as a trusted advisor. Whether on the web, in a branch, with a broker, or over the phone, lenders must offer the best possible solution to that customer. That solution includes the best product at the best price, within parameters that both the lender and the borrower can accept.
Intelligent systems leverage customer knowledge
A company’s knowledge of its customers and capabilities is one of its most important assets. Successful companies use their customer knowledge and current information to dramatically increase sales, improve customer relationships and anticipate market changes. With advanced intelligent systems, any size provider can combine historical data with customer information gathered during an interaction and use this complete picture to provide the right product at the right price, when and where it is most appropriate.
Simplify the application process for your borrowers
Intelligent systems simplify complex decision processes. For example, an automated, web-based loan underwriting system streamlines the loan approval process. It provides immediate, consistent and accurate answers. It ensures compliance with fast-changing regulations. As a result, CoreLogic Advanced Delivery Engines rules processing helps improve productivity, reduce bad-debt risks, and enhance customer loyalty through personalized service.
Maintain best policies in a repeatable way
Intelligent automation enables organizations to maintain policies in an automated, repeatable manner. Policies are stored and applied just as data is stored and used in an automated environment. This automation allows you to provide your solution to the borrower when and where needed. While it helps answer customer questions accurately and inspire confidence in your company, Advanced Delivery Engines tools provide a price and product specifically tailored to that individual’s requests and requirements helping to provide the best possible offer. Based on your company rules, CoreLogic technology can determine eligible products as well as those that are the most appropriate fit based on the borrower’s specific requirements and preferences. Intelligent, automated, multi-channel systems make “anytime, anywhere” sales and service possible.
Leveraging technology to increase your competitive advantage
While some firms provide rule-based technology with minimal financial services expertise, CoreLogic leverages industry leading databases, extensive domain knowledge, and a long standing history of implementing comprehensive mortgage loan best practices.
Rule-Based Systems — the foundation of automated decision making
Our PowerEditor Business Rules Management System allows your business users to maintain the rules and policies without the need to make technical changes to systems. Our teams can help your staff learn how to maintain and update the system using this editor and we can train your IT staff on the best ways to integrate and administer the system in your unique environment.
MindBox help solve the business problems of today’s financial services providers by delivering a significant competitive advantage through the use of intelligent applications.
For more information about CoreLogic Advanced Delivery Engines and MindBox, contact us today at firstname.lastname@example.org or call 866.774.3282.