Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
MeridianLink, FICO Partner On Lending Models
SAN JOSE, Calif. (6/24/13)--MeridianLink, developer of a multi-channel account opening and loan origination platform, and FICO, a predictive analytics and decision-management software company, have partnered to provide their credit union and mutual bank clients with access to FICO's small-business and consumer-lending models.

The solution will combine MeridianLink's loan origination platform, LoansPQ, a Web-based consumer loan management solution, with two sets of models built by FICO on pooled data representing thousands of loans: FICO Consumer Application Risk Models and the FICO Small Business Scoring Service (FICO SBSS 7.0).

Launched in October, FICO SBSS 7.0 is a scoring service for assessing the risk of U.S. small-business credit applicants. FICO ARM 3.0 helps assess risk for consumer portfolios and market segments.

The combined MeridianLink and FICO solution will help credit unions and banks generate instant loan decisions for home equity lines of credit, auto loans, credit cards, commercial loans and other loan products. By using FICO analytics, lenders can speed loan decisions while reducing delinquency and charge-off losses, approve more applicants, increase profitability, streamline operations and ensure regulatory compliance, the companies said.


RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
23 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
23 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
1 Day ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
1 Day ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
1 Day ago