Near-Real-Time Analysis of Credit Reports to Identify Loan Refinance Opportunities
Refi Analyzer automatically determines whether an individual meets credit union defined criteria. It makes it easy for staff to make attractive refinance offers while simultaneously benefiting your credit union.
Refi Analyzer can be launched from Account Manager or Teller Transactions in Episys®, and it is also integrated with Symitar’s Enhanced Member Application™ (EMA), Enhanced Loan Application™ (ELA), and Account Cross Sell™ products. It scans credit reports in near real time to identify loans that a member has open with other lenders. The program automatically determines whether any existing loans meet credit union defined criteria for refinance. It also determines whether the credit union’s rates are lower than the estimated rates on qualifying loans, including term and revolving loans.
Core compatibility: Episys®
What It Does
- Scans and analyzes credit reports in both near-real-time and batch mode.
- Automatically identifies loans that members have open with other lenders that meet credit union defined criteria.
- Offers an easy-to-use Scenario Calculator that creates and displays multiple loan offers, including insurance options and loan discounts.
- Tracks and reports offers.
What It Does For You
- Increases member loyalty by offering savings.
- Generates more loans and increases interest income.
- Builds staff confidence by enabling them to easily make valuable offers.
- Increases sales efficiency by quickly identifying potential loan offers.