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Lender Boosts Volume with Credit Review Technology
Key Facts:
- Lender says Funding Suite software saves 20% of applicants that would otherwise be declined
- Funding Suite software improves operating margin by more than 30%
An Arkansas lender has found that credit review technology can provide a real boost in efficiency and the marketing of mortgages. ENG Lending, based in Little Rock, AR, has been using a credit management system developed by San Diego-based Cogent Road.
The program, called Funding Suite, can find date entry errors such as failure to properly record a car payment. It can also provide information on how borrowers can use their credit cards differently to improve their scores and qualify for a mortgage.
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About Cogent Road
Cogent Road develops Internet-based applications for the mortgage industry, such as Funding Suite(R), the industry's first, true Credit Management Platform. Currently utilized by more than 30,000 mortgage professionals nationwide, Funding Suite helps clients qualify more applicants with its unique Intelligent Credit Report and protect applicant data via data suppression and computer access restrictions. For mid to large-sized clients, Funding Suite also offers robust user-level access controls and detailed cost accounting. For more information about Cogent Road, visit www.cogentroad.com. For more about Funding Suite visit www.fundingsuite.com.
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