Automated Loan Decisioning Advancements
Pushing artificial intelligence one step further in the lending world.
SAN JUAN CAPISTRANO, Calif. - Dec. 12, 2017 - PRLog -- LOAN SERVICING SOFT Inc. is happy to announce our partnership integration with DecisionLogic for our mutual client ProtaPay.
ProtaPay provides quick patient funding for medical practices and their patents all over the U.S. The LOAN SERVICING SOFT with AutoLOS™/DecisionLogic solution allows patents to acquire loan funding without a traditional credit pull. Instead, the solution uses DecisionLogics real-time bank account link technology with over 21,000 financial institutions. The team at LOAN SERVICING SOFT then configured the decisioning matrix (AutoLOS™) to match ProtaPays lending requirements. "This is a very exciting partnership integration for us. It will give our clients yet another set of decision analytics for real-time application processing", said John Balas, Sr. Software Engineer with LOAN SERVICING SOFT.
About LOAN SERVICING SOFT:
LOAN SERVICING SOFT Inc., is a privately held company based in San Juan Capistrano, CA. Since 1983 the makers of LOAN SERVICING SOFT have provided lenders and loan servicers with high-quality lending and loan servicing software solutions for managing their loan portfolios. LOAN SERVICING SOFT is used by a growing number of financial organizations all around the world.
AutoLOS™ by LOAN SERVICING SOFT Inc is a fully automated, web-based, wholesale/retail, pipeline manager & Loan Origination System. A borrower enters information on the client's web application. The software then pulls credit and renders a credit decision in seconds. Lenders can also go paperless with DocuSign eSignature®. Approved loans can then automatically feed into the LOAN SERVICING SOFT loan servicing module.
DecisionLogic provides lenders the ability to verify a borrower's identity, account number, and balance in real-time. It also provides access to up to 365 days of the borrowers account transaction history. This automated real-time process removes many of the problems encountered with traditional methods of loan decision making.
LOAN SERVICING SOFT Inc.