Scorto Announces New Platform Designed Specifically for Online Lending

Advanced risk assessment mechanisms and business flow management capabilities establish a holistic approach to full cycle online lending.

Cupertino, CA (I-Newswire) February 4, 2013 - Scorto, a globally recognized provider of decision automation solutions and services, announces the release of Scorto eLender, a complete solution for internet lending. Scorto eLender is sufficient to facilitate the entire lending cycle: from loan origination and credit line management, to debt collection and compliance with regulatory requirements. Due to the modular architecture of the platform, it can be provided as a turn-key technology solution, or as task-specific modules.

"We’ve designed Scorto eLender to introduce a holistic approach to online application processing. The system empowers internet lenders to create scalable platforms and provide a superior experience to their clients." – Says Jonathan Clayton, Head of Risk Management Systems R&D. – "Scorto eLender enables a robust and disciplined approach to online lending. And, as with all Scorto solutions, eLender also provides industry-leading risk management capabilities through extensive use of predictive models and visual interfaces for the design and administration of decision flow management."

This simple and elegant scheme of online lending is made possible through: integrated scoring models for borrower evaluation; automated loan parameter calculation, underwriting, credit line management, risk-based delinquency management with automated notifications and charges.

eLender does not require any specific skills, while at the same time provides functionality for advanced risk
management. During deployment eLender is adjusted to perform according to customer’s vision and risk appetites.

Features of Scorto eLender include:
• Credit scoring module
• Decision and workflow management interface
• Loan monitoring and early warning system for loan portfolio
• Protection from various types of fraud
• Automatic approvals and rejections
• Automatic payment distribution
• Automatic report generation
• Conversion of e-docs and disclosures
• Portfolio and subscriber base monitoring as well as regulatory requirement reporting.

For further information, please visit http://www.scorto.com/lenders/online-lending-system.htm.