A new report from industry analyst firm Aite Group recognizes for its flexibility and ease of use
- FICO’s Loan Origination Solution was named a Best in Class Leader for Retail Loan Origination Solutions (RLOS) by Aite Group
- FICO was also recognized as a category leader in Client Strength, Client Service, and Product Features
- In all, 32 solution vendors were invited to participate in the process
Aite Group has named FICO’s Loan Origination Solution as a Best in Class Leader for Retail Loan Origination Solutions (RLOS) and the overall rankings leader against 13 other scored vendors.
In its comprehensive vendor analysis report, “Aite Matrix: Transforming Consumer Lending Through Loan Origination Systems,” Aite Group explains how FICO’s robust, flexible modular-based approach to loan origination can fill the individual needs of a wide range of lenders and service providers globally. Larger businesses can quickly deploy FICO’s Loan Origination Solution using one of the platform’s many out-of-the-box configuration templates, which can be easily customized to suit each company’s individual needs. For smaller lenders and service providers, FICO offers scorecards and modeling built on its decades of scoring and analytics experience. In both cases, FICO’s loan origination solution is tailored for businesses that do not have in-house resources to perform these tasks or do not want to use up precious IT resources to do so.
In all, 32 vendors offering RLOS solutions were invited to participate in the process, which evaluated participants using the Aite Matrix, a proprietary Aite Group vendor assessment framework, on vendor stability, client strength, product features, and client services.
In addition to being named a Best in Class Leader for Retail Loan Origination Solutions, Loan Origination Solution was recognized as a category leader in Client Strength, Client Service, and Product Features.
Source: FICO Press Release