Credit Decisioning & Origination System (CDOS)
Corserv’s CDOS module provides real-time application decisioning (KYC, CIP, OFAC, Client Credit Policy, E-Consent), and business & consumer credit underwriting.
Credit Decisioning:
- Real-time Application Decisioning (KYC, CIP, OFAC, Client Credit Policy, E-Consent) with proprietary integration of customer relationship value factor
- Business & Consumer Credit Underwriting
- Down-sell, Risk-Based Pricing
- Access to all entered applications via Work Queue Manager
- Supports adjudication of applications, via WQM sub-functions
- Summary
- Credit Bureau
- Notes
- Letters
- Documents
- Decisioning/Re-Decisioning
- Credit Line Assignment and Increases
- Supports entry of applications via Cardholder “Self Apply” and Client Portal with Save & Return feature for partial apps
- Supports entry of applications originated via Marketing Solicitations
- Approved applications added real-time to Processor; Declined applications – automatically generates adverse actions (e.g. Equal Credit Opportunity Act (ECOA), as implemented by Regulation B, and the Fair Credit Reporting Act (FCRA) letters)
- Review Queue opportunity to override decline decision – – approve based on relationship value
- Credit Attributes automatically calculated and retained
- Credit Policy managed by Credit Risk Personnel
- Fraud Detection leveraging industry-leading fraud protection partners (Falcon and Iovation)
- Total Exposure/Credit Line Mgmt
- Apply & Buy real-time Point of Sale credit approval (e.g. financing at doctor’s office, etc)