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MBA's Kittle calls for balance in efforts to improve mortgage regulation

National Mortgage Professional
Apr 23, 2009

Zoot enhances credit evaluation decisioning engine MortgagePress.comZoot, credit decisioning, loan origination solutions Zoot, a provider of advanced instant credit decisioning and loan origination solutions, announced a new release of its industry leading decision. Zoot's robust suite of decisioning solutions provide a flexible business rules engine designed for high performance, high transaction volumes and ease of integration with clients' existing legacy systems. "It is critical for banks to focus on improving decision-making capabilities. With bank profitability under the microscope, retail bankers can no longer afford to make sub-optimal decisions," said Kathleen Khirallah, managing director of banking practice at TowerGroup. "Stakeholders are insisting on greater transparency and improved performance. Creating a decision management infrastructure that is flexible and can change with minimal IT support along with embracing a more integrated, enterprise-wide approach to consumer lending are key elements financial institutions must employ to thrive in the coming years." Decision engines and scorecards must quickly adapt to accommodate ever-changing consumer behavior patterns, especially during economic turbulence. Zoot's most recent performance enhancement updates include: faster processing times, improved usability for clients and a change to the decision engine that allows configuration of custom program modules through the graphical interface, providing greater flexibility and making it easier to implement changes. "Zoot's solutions give business users the flexibility to make changes to credit policy as often as the market demands and to react quickly," said Dennis Dixon, president of Zoot. "Our latest updates are designed to support our clients credit risk management processes in an increasingly challenging market. We give clients access to multiple data sources, allowing them to make smarter decisions while improving their ability to respond rapidly to any situation and take advantage of new opportunities." Zoot has been processing credit decisions for top card issuers for more than 18 years. These recent enhancements are designed to help clients keep pace with industry changes from legislation to credit risk to consumer preferences. "In today's dynamic market, having a vendor partner that understands the financial service industry and the importance of your financial institution staying current is imperative," said Dixon. For more information, visit
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