The 2009 SIFMA-IBM Technology Survey Results
Download these survey results and find out what SIFMA members revealed about new technologies and computing models and how they are managing major industry challenges.
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Freddie Mac & Business Rules: Overview and Best Applications in Lending
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Overview: The lending industry must overcome multiple challenges and relentless changes. Manual practices, disjointed processes, speed-to-market constraints, lack of audit trails and inefficient legacy loan origination systems (LOS) are just a few hurdles lenders must overcome. These issues continue to have a significant impact on a lender’s ability to maintain its competitive edge and reduce costs while improving profitability. With ILOG’s business rule management system (BRMS), lenders build flexible decision automation services that enhance their operational efficiency, optimize processes and improve customer retention and acquisition. ILOG BRMS goes beyond basic automation by enabling advanced decisioning capabilities to automate product guidelines and regulatory policies along with lenders’ best practices and knowledge. This case study explains how Freddie Mac uses ILOG technology throughout the lending process and across lines of products, such as prime or sub-prime mortgages, home equity lines of credit, credit cards, commercial products and auto loans.
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