Fair Isaac Corporation
Now you can automatically score and decision credit applications using LeaseTeam's front-end system and Fair Isaac's LiquidCredit® Decision Engine.
Applications are entered once and pertinent data is passed seamlessly to LiquidCredit for scoring and decisioning. LiquidCredit pulls personal and business credit bureau information and returns with the scoring and decisioning results in just seconds!
About Fair Isaac
Fair Isaac Corporation is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year.
Founded in 1956, Fair Isaac helps thousands of companies in more than 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably.
Visit the Fair Isaac Web site to learn more
Fair Isaac & LeaseTeam:
How it Works
The process is simple. You interact with Fair Isaac for the LiquidCredit Service and each of the respective credit bureaus exactly as you have in the past. The scoring request is transmitted from LeaseTeam's Sales Origination system to the LiquidCredit Service via the Internet, then your reports and the scoring results can be viewed online.
The reports and the scoring results are saved in the database and can easily be retrieved and viewed by everyone in the organization.
Benefits
Requests are transmitted in real time over the Internet. Users can immediately resolve commercial customer similar names and access bureaus any time.
Improved Credit Quality
With the importance of securitization in the leasing industry, credit scoring provides a standard that enables portfolios to be compared and valued. The most widely accepted scoring models in the industry are Fair Isaac's SBSS (Small Business Scoring Service). Twenty-two of the top 25 small business credit grantors rely on Fair Isaac to make lending and leasing decisions.
Eliminates the need to re-key data and transactions are scored automatically without human intervention, allowing you to process deals faster.
Reduced Costs
LiquidCredit takes care of keeping up to date with new credit bureau releases and the maintenance of the communication software. In addition, past reports and scoring results are stored electronically and may be easily retrieved for repeat customers.
Seamless Access to Credit Scoring and Decisioning
Since Fair Isaac introduced automated credit decisioning solutions and models from their Small Business Scoring Service in the early 1990s, commercial credit grantors have used the same powerful risk assessment tools that consumer credit grantors have relied on since the 1950s. These Fair Isaac solutions, which have evolved into today's LiquidCredit offerings, are the first to pair software and predictive models specifically for commercial lending. Fair Isaac is the industry standard with 90 percent of small business credit grantors in the U.S. using Fair Isaac analytics to support their credit decisions.
LeaseTeam and Fair Isaac utilize secure 128-bit SSL encryption technology for the transmission of data.