wpewaf.com
Industry
Banking
Healthcare
1 more industry(es)Decisioning Optimization Through a Custom Scorecard
Summary
A large financial institution partnered with Achieve Analytics & Business Consulting (part of MeridianLink Consulting) to develop a custom origination scorecard and optimize their credit underwriting ...
Products
Software
Custom Origination Scorecard
A statistical model tailored to the institution's portfolio and population, designed to assess credit risk more accurately and automate lending decisions.
Sample Category
Sample Product 2
Sample product description for demonstration purposes.
Sample Category
Sample Product 3
Sample product description for demonstration purposes.
2 more products available
Challenges
- Low level of auto-decisioning and over-reliance on manual underwriting due to strict and outdated policy rules.
- Lack of real-time visibility into operations
- Difficulty in scaling current infrastructure
- High operational costs due to legacy systems
3 more challenges available
Solutions
- Development and implementation of a custom origination scorecard tailored to the institution's auto loan portfolio.
- Deployed real-time monitoring and analytics platform
- Migrated to cloud-based scalable infrastructure
2 more solutions available
Outcomes
- Automation in decisioning increased from 11% to 66%, representing over a 50% improvement.
- Achieved 24/7 real-time visibility and monitoring
- Successfully scaled operations to support 3x growth
- Decreased operational costs by 40% annually
- Improved data accuracy and accessibility by 85%
- Automated 70% of manual processes
- Enhanced decision-making with unified analytics
- Strengthened security posture and reduced vulnerabilities
7 more outcomes available
Target Organization
unknown
Description: A large financial institution seeking to improve credit decisioning, automation, and risk management in its auto loan portfolio.
Industry:Banking, Financial Services