FICO® Origination Manager Essentials—Small Business

FICO® Origination Manager Essentials—Small Business

Drive profitable growth in a challenging market.

Product Details

Why use the same manual origination process for a $50,000 small business loan that you would for a $5 million loan? One size doesn’t fit all.

FICO® Origination Manager Essentials — Small Business automates lending decisions, increasing account profitability and approval rates. All without additional risk.

  • Pre-built rules and workflows are tailored for small business loans, leases, lines of credit and commercial cards.
  • Simple tools help refine the application steps and parameters for qualification.
  • Ready-made connections facilitate application, consumer bureau and commercial bureau data.
  • FICO® Small Business Scoring Service℠ (SBSS℠) provides insight into business-specific risk.
  • Information retention makes compliance and auditing easy.
FICO® Origination Manager Essentials – Small Business

Origination in line with ROI

  • Reduce the time and money spent originating loans with smaller ROI potential.
  • Access market-leading SBSS out-of-the-box. Based on application score and your own score cut-off and policy rules, skip or shorten processing steps.
  • Control when consumer and business bureau reports are pulled, saving unnecessary credit report expenses.

Scalable smart decisions

  • Grow your portfolio by increasing the number of applications you process while making careful, astute decisions.
  • Process applications based on rules reflecting industry best practices, FICO’s extensive experience with small business lenders, and your own expertise.
  • Focus on applications that need special attention, and initiate and nurture small business relationships.

Easier regulatory compliance

  • Rules-based processing improves decision consistency across channels and reduces the chances for human subjectivity and error.
  • A complete audit trail means all necessary information is captured, including rules and human intervention at each step, giving you everything you need to answer questions and prepare reports.

Propel Small Business Growth

This cloud-based loan origination system for small business lending gets mid-market lenders started with automated decisions quickly. It removes the entry barrier of installing software in-house or in a hosted environment.

Origination Manager Essentials
Harborstone Credit Union
Case Study

Harborstone Credit Union

Learn how Harborstone Credit Union slashed business loan processing time with a FICO® solution.

Ascentium
Case Study

Ascentium

Makes Better Small Business Lending Decisions Thanks to Upgraded FICO Solution.

Resources

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Making Value-Based Decisions | Grow Profitable Portfolios

Originating a new account is a critical decision affecting 80% of measurable risk throughout the life of an account, and it sets the stage for yield potential from the customer. FICO® Origination Manager delivers the power to make more pre...
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SunTrust transforms origination process and improves customer experience

SunTrust customers have a user-friendly, efficient process throughout the loan application; the bank responds quickly due to improved workflow and automation; and new account bookings have increased 50%.
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The 3 Biggest Problems with Small Business Lending — And How to Fix Them

Today, mid-market lenders are facing more competition than ever for small business loans. More than 30% of firms with revenues under $100,000 are now turning to online sources. And large banks remain the biggest competitor, taking 58% of s...
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Accelerating Small Business Lending Decisions

Decision acceleration is about using technology to assess risk and process credit applications faster. An origination system does this by following your policy rules to make automated approve, decline or send-for-review decisions. It exami...