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
For more information, visit www.zootweb.com.