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The Cypress Professional Services (CPS) team assists financial institutions with strategic planning and the implementation of business, technology and organizational changes required to enhance overall credit origination operations. Our service solutions are tailored to meet your needs. Not only will Cypress help you get more out of our own solutions, we will identify ways to cut costs and identify opportunities to improve your entire loan origination process. As a result, you’ll see a measurable increase in the efficiency and effectiveness of your lending operations – and your ROI. DECISION PROCESS OPTIMIZATION (DPO) How can I make better loan decisions more quickly? Is my credit policy deployed correctly? How do I monitor changes? How can I spur portfolio growth without increasing staff? Are policy exceptions hurting my portfolio performance? What is my ROI if I automate some decisions? How do I measure it? For those that have already deployed Cypress products, the Cypress Decisioning Process Optimization service is designed to provide answers to these questions and more. To achieve this goal, the Professional Services team utilizes portfolio analysis techniques to provide you with a clearer picture of existing decisioning practices utilized in your consumer and small business lending operations.
With your available data, our portfolio analysis compares the historic performance of loans made within and outside of credit policy guidelines that may include score cut-off and associated key demographic criteria that assess stability, asset protection and capacity. In addition, the Professional Services team provides industry best practices recommendations on the decision process; this includes a review of your existing credit policy and how it compares to administrative settings in your Cypress products. In our conclusions from this analysis, we provide recommendations, as necessary, to improve the quality of your lending processes through the introduction of a more credit risk-based approach to underwriting. This includes a methodology and review of key reports to assess performance and adherence to policy on an ongoing basis. For more information, please click here to download our information sheet.
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Quick FactsDid you know?Cornerstone Advisers recommends a best practice goal of automating decisions on at least two-thirds of all consumer loan applications. |
