Enhanced security and the ability to change lending rules without vendor intervention are two significant features the Islandia, N.Y.-based Teledata Communications Inc.'s new loan origination and decisioning technology platform offers to credit union clients.
DecisionLender 4.0 enables credit unions and other financial institutions to configure lending parameters, rule results, permission and authority-based workflows, exception detection and tracking, reports and other functions to suit their specific business practices, the company said. In addition, DecisionLender 4.0 offers security and compliance features.
TCI's technology automates loan origination processes for both direct and indirect lenders, and supports loans for a variety of consumer products, including autos, power sports equipment, furniture, appliances and other lifestyle-enhancing goods.
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