KCN FICO to help smaller financial firms make faster loan decisions
Channel: KCN News
Date: 2017-04-06

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FICO presents product for faster lending decisions for small firms. Analytics software company FICO launched Origination Manager Essentials, which works as a cloud service. The product is easy-to-use loan origination system that automates the decision process and gives smaller institutions access to the same powerful analytics in risk assessment for which FICO is known. Lenders who use this service can process small business loan applications in 60 seconds. Origination Manager Essentials has been developed to provide an end-to-end application processing solution for small business loans in order to get mid-market lenders started with automated decisioning quickly.  Rules-based processing improves decision consistency across channels, reducing opportunities for human subjectivity.
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