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Radian Guaranty launches new Web site to help homeowners in mortgage default

Jun 05, 2008

Zoot announces automated negotiation systemMortgagePress.compoint-of-sale, acceptance rates, interest rates Provides flexible and immediate offers to capture business at point-of-sale Zoot, a provider of advanced instant credit decisioning and loan origination solutions, announced the availability of its automated negotiation system, a fully customizable solution for lenders that provides accurate and timely loan information necessary to improve their business by increasing acceptance rates. Zoot developed a loan origination system that automatically generates a comprehensive listing of financing offers. For example, lenders in the auto space use automatic negotiation to help dealers present an offer based on what is most important to the customer—interest rates, loan length, trade-in value, payment amount, etc.—without having to go back to the lender several times. The ability to make immediate offers empowers dealers to avoid walk-away points. One strategic response that lenders will continue to undertake is to strive for increased reliance on business process automation, according to TowerGroup's top business drivers for 2008. This approach will allow for lenders to carry out their operational processes more quickly, at lower cost, and with improved quality. "With the decrease in auto sales forecasted for 2008, it is imperative to capture leads by offering the most immediate and timely information before the dealer chooses to seek a different lender," said Chris Nelson, CEO of Zoot Enterprises. "Zoot is committed to matching even the most challenging loan requests to cater to each borrower's specific requirements, dramatically accelerating the closing process." Getting the product in the hands of consumers that exactly meets each customer's needs and helping dealers provide the best financing offers to their customers is key in any market, but even more important today. Automating the lending process enhances the overall customer experience because lenders can react quickly to changes in the market. With this amount of flexibility and control over their environments, lenders' systems never get in the way of doing what works best for their customers. For more information, visit
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