News Column

Central Bancompany Increases Loan Volume by Leveraging D+H's DecisionPro™ and LaserPro® Lending Solutions

September 13, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- DH Corporation (TSX: DH) (the "Company")announced that Central Bancompany, a Missouri-based bank holding company, continues to boost its loan volume by leveraging the functionality within D+H's streamlined consumer lending solution,

DecisionPro(™) and LaserPro(®) for compliant consumer loan documentation.

In 2011, Central Bancompany, a 10-year client of D+H, began an initiative to further automate the process of indirect lending. By adding the DecisionPro Indirect Lending Module, the institution was able to successfully grow the business. In addition, it began using the auto-decisioning functionality in DecisionPro to speed its approval time, making the bank more competitive in the indirect market space.

Since then, it has increased its indirect applications by over 400 percent per year.

"The addition of indirect lending has greatly increased our loan portfolio," said Steve Hughes, DecisionPro/LaserPro administrator, Central Bancompany. "DecisionPro streamlines our indirect lending process, making it easier and faster to process credit applications."

Together, LaserPro and DecisionPro provide the industry-leading compliant loan documentation, origination and underwriting system. This powerful suite addresses the key areas of consumer credit underwriting and origination workflow management.

"Automating all phases of the lending process is an integral part of the way financial institutions do business in our modern economy," said Mitch Lucas, vice president of product management and legal compliance, D+H. "We strive to help financial institutions meet this challenge with our integrated lending solutions that provide an end-to-end lending platform to handle the entire process."

Keywords for this news article include: DH Corporation, Investment and Finance.

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Source: Investment Weekly News


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