Mortgage Industry
In the mortgage industry, Zementis enables precise, real-time risk assessments of non-prime applicants and provides a quantum leap for automated underwriting efficiency. The Company's predictive models present immediate, objective feedback which increases customer satisfaction, ensures quality with greater volume, and opens new market opportunities. Our solutions add value to the entire origination process, addressing Pre-Qualification, Automated Underwriting, as well as Loss Mitigation for Retail, Wholesale, or Correspondent channels.
The Zementis ADAPA® (Adaptive Decision And Predictive Analytics) framework of intelligent mortgage solutions provides the financial industry with the right tools to:
- Deliver Superior Customer Experience
- Maximize Automated Approvals
- Shorten Processing Time
- Improve Efficiency
The landscape of mortgage origination is shifting rapidly. With interest rates rising and the total number of loan applications declining, it is imperative for lenders to be able to attract as many high-quality loan applications as possible. The offering of a pre-qualification tool needs to be in the forefront of a suite of solutions designed to drive more customers to your front door.
ADAPA® PQ
The Smart PreQual
ADAPA® Pre-Qualification (ADAPA® PQ) offers state of the art technology to take the pre-qualification experience to a new level. By combining 1) blazing fast rules execution and 2) advanced predictive analytics, ADAPA® PQ allows for instant (real-time) multiproduct decisioning. In addition, a highly interactive web interface delivers a customer engaging solution that takes pre-qualification above and beyond the typical ěcomplete form and submit" approach. The result: a brand new way for lenders to interact with brokers and consumers.
ADAPA® AU
Turbo-Charging Automated Underwriting
If you have exhausted your current rule-based Automated Underwriting system, it is time to turbo-charge it by using data-driven predictive analytics.
In order to remain competitive, lenders of all sizes are being forced to leverage technology to minimize their cost of origination and to maximize the number of loan applications coming through the front door.
The ADAPA® Automated Underwriting (ADAPA® AU) solution employs state of the art predictive analytics to accept or reject a loan. ADAPA® AU expands the functionalities of your existing AU system by taking automated rule-based underwriting to a brand new level.
ADAPA® LM
Predictive Loss Mitigation Strategy
The ADAPA® Loss Mitigation (LM) solution employs a proactive approach to Quality Control for nonprime mortgage applications.
ADAPA® LM identifies high risk loans which are most likely to incur a loss upon sale in the Secondary Market and flags them for additional review by your Quality Control (QC) department. Our solution allows you to minimize unprofitable transactions by focusing your quality assurance efforts on the right loans at the right time.
Loans are flagged during the underwriting process and forwarded for additional review by senior personnel which ensures quality and the option to redraft transactions which otherwise may result in a negative return.
ADAPA® CL
Correspondent Lending Solution
ADAPA-CL approves loan applications which Correspondent Lenders may submit in small quantities or as a pool of loans. If your partners offer different products, ADAPA-CL eliminates the need to replicate Guidelines in rules before being able to automatically process such submissions. ADAPA-CL calculates a risk factor, based on generic loan characteristics and links these to the specific Secondary Market performance for your firm.
Lender Benefits:
- Automate approval and acceptance of pools.
- Measure risk across in-house and partner Programs.
- Eliminate the need to explicitly define all Guidelines