Achieve offers industry-trusted consulting to drive growth, reduce risk and get the most out of financial operations. Analytics can be leveraged to deliver increased performance in areas such as score validation, decision strategies, pricing optimization, risk management and disparate impact. Need help getting the most out of the functionality and capabilities of your loan origination system or perhaps your operations in general? Business consulting will help institutions avoid a number of the basic missteps that even the most seasoned organizations continue to make with their platforms and operations.
Achieve Analytics is an agile predictive analytics solution that features configurable performance analytics; validation, tracking and monitoring of scorecards and lending policies; tailored analytic packages; underwriting and portfolio analytics; intelligent decision optimization; expert synthesis; and custom consulting.
Achieve Advanced builds on analytics with a complete service offering that helps you better understand and grow your business, including custom score targeting for acquisitions; underwriting and transaction fraud; score redevelopment and validation; stress testing; loss forecasting; risk-based pricing; loan pool valuation; prepayment models; and peer/market analysis.
Achieve Data & Reporting uses business intelligence to improve performance, policies and your bottom line. It delves into lending strategies and portfolio performance. It also investigates credit and risk management, compliance efforts, and credit process efficiency. Utilizing those findings provides the reporting and consulting guidance you need to see immediate and long-term results.
The CFPB expects all lenders to regularly monitor for disparate impact. Achieve Fair Lending Disparate Impact Analysis provides an in-depth analytical report that supports the regulatory requirements for testing potential disparity across ECOA protected classes. Achieve uses the CFPB gender, race, and ethnicity proxy identification methodologies, including the Bayesian Improved Surname Geocoding (BISG) process. With this approach, we can simulate a regulatory audit for partnering lenders so they can take appropriate corrective steps before an actual examination.
Achieve’s experts work with clients to optimize their loan origination systems for maximum efficiency regarding procedures and policies – for both implementations and existing clients. Over time as policies and markets evolve (and with staff turnover at the financial institution), the LOS rules engine, matrices and other functionality can lose effectiveness regarding policy and strategy execution. The Achieve team steps in, evaluates operations and recommends courses of action to increase and sustain ROI.
Leveraging analytics is a financial institution’s secret weapon to unlock the true potential of its loan origination and deposit account opening technology to drive growth and further your brand. Are you targeting the right applications with your direct, indirect and business lending? Analytics is a proven method to expose reality.
Automation is the key to meeting consumer demands for speed and accuracy – especially for compliance purposes. With fewer staff members required to underwrite of manually review applications, they are free to find more ways to expand and improve your business.
Risk is not always a bad thing. Most financial institutions concentrate on avoiding unnecessary risk, but far too often find themselves operating too conservatively. Finding the right balance by using analytics is often what separates the most profitable lenders. Analytics is the answer.