CMSI Introduces its Powerful New Automated Analysis Solution For Consumer and Small Business Credit Evaluation
CreditRevue(R) Maestro Gives Users Complete Control Over Risk Management
ATLANTA, March 15 /PRNewswire/ -- At the Consumer Banker's Association Automobile Finance Conference and Expo, Credit Management Solutions, Inc. (Nasdaq: CMSS) today introduced the newest in its suite of credit automation products -- CreditRevue Maestro, a robust, state-of-the-art, automated analysis engine for evaluating and decisioning consumer and small business credit applications. Using CreditRevue Maestro, financial institutions and other credit providers, such as telecommunications and utility companies, can have in their hands the tools they need to control risk and improve the profitability of their credit portfolios.
CreditRevue Maestro gives lenders the flexibility to react quickly to market changes and trends and adjust their programs, policies, and procedures accordingly. The system provides a host of user-friendly, graphical online administration screens that are used to design the decisioning process. Users select from the system's large library of pre-defined rules to construct their own institution-specific rules, pricing matrices and policies for use in decisioning their applications. Users may also manage changes in scorecards and characteristics that they create themselves or license from third-party providers. The system supports all types of consumer and small business loan types; a wide variety of sophisticated processing models can be implemented to support various business lines, products, and pricing schemes.
"CMSI recognizes that the ability to rapidly manage changes in scoring, policies, and pricing is absolutely critical to lenders in today's market," said Joseph Carella, senior vice president and chief technology officer of CMSI. He added, "With its three-tiered architecture, CreditRevue Maestro can deliver this flexibility to any institution, using either our CreditRevue solution, or another origination application. Our corporate mission of satisfying our client's credit processing requirements is supported by our technology team's development and integration of scalable, open systems like CreditRevue Maestro."
Implemented as a stand-alone credit analysis engine in conjunction with any front-end processing system, CreditRevue Maestro allows a lender to keep its existing origination system. Rather than upgrading its entire processing system, a lender may take advantage of adding CreditRevue Maestro's rapid decisioning capabilities and quality of credit analysis to improve overall application turnaround time and provide policy consistency throughout the entire credit decisioning process. In addition, CreditRevue Maestro can also be integrated as a component of CMSI's standard CreditRevue application processing system. Several major financial institutions are in the process of implementing CreditRevue Maestro in concert with their installation of the CreditRevue system.
The CreditRevue Maestro engine consists of five processing modules, each of which performs a unique set of routines users can configure to meet their specific business requirements. For example, CreditRevue Maestro's bureau processing module obtains and evaluates the applicant's credit bureau data; the scoring module compares application and credit bureau information against scoring criteria to determine the applicant's willingness and ability to repay the requested loan; and the pricing module suggests possible credit terms, including rate, payment amount, credit limit, or deposit requirement (an important risk management feature for the telecommunications industry). |
