New Products from the Retail Delivery Systems Show
CREDIT PROCESSING
Teledata Communications, Inc. (TCI, Hauppauge, N.Y.), released Decisionlender.com, an Internet-based solution that provides immediate and secure automated credit processing, approval, and notification services. Decisionlender.com was created by TCI to deliver automated decision and approval processes to small- and mid-size lenders, and works within the risk management parameters of any financial institution, the vendor says. The Web site and loan documents are branded and customized to fit the appearance and functionality of each specific financial institution. Once a loan officer logs into a secure TCI server, the user accesses the Decisionlender.com Web site to retrieve the appropriate loan application. The loan application is then downloaded, completed and submitted electronically to Decisionlender.com, which automatically connects to consumer and business credit repositories, pulls the necessary credit reports, evaluates the risk according to the specific decision model of each financial institution, and applies the appropriate decision. The data can then be either exported into an existing documentation system or used to populate a contract or a letter of declination that can be printed at a remote site.
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