May 12, 2003


Comments

 
 
 
  • To the reader looking for vendors to automate business lending, I would recommend fair isaac (www.fairisaac.com) , a leader in consumer lending analytics, also offers business lending analytics, they offer a web-based solution and one that is installed centrally at the business unit. Each use Fair Isaac's expert analytic knowledge to help predict the risk/return involved to maximize portfolio performance. Located in San Rafeal, CA I am not sure who is in charge on their business unit, two product names are LiquidCredit and a new product called SBSS that hasn't been announced yet.
    Anonymous
     
     
     
  • After 20 years of commercial lending, common sense still works when doing any type or size loan.
    Anonymous
     
     
     
  • To the reader who is looking for vendors that can help automate business lending, the most important new development to come out in the past several years is software from Covarity Inc.(www.covarity.com). It was developed jointly with commercial lending experts at Credit Union Central of Ontario (the league for the province's 200 credit unions) and Mennonite Savings & Credit Union, a $400M-asset credit union in Waterloo, ON that is active in commercial and agricultural lending. It's designed primarily for credit unions and their small business accounts, and helps both by automating much of the periodic reporting that is essential to good crdit granting but interferes with productivity on both sides of the relationship. Some minor customization may be necessary for the U.S. market but that shouldn't be a big problem. Contact Steve Thomson, who is a former exec with Credit Union Central of Canada and now head of business development for Covarity.
    Anonymous
     
     
     
  • I have not found any software/internet turnkey systems for business lending. Can you provide the name(s) of the vendors you referred to?
    Anonymous