Below is the press release ECI generated to announce the integration relationship with Fair Isaac scorecard technologies.
FAIR, ISAAC'S SMALL BUSINESS SOLUTION
GETS EMBEDDED INTO ECI's BROWSER-BASED FINANCIAL ANALYSIS
SYSTEM
Released: July 19, 2002
GLENWOOD,
IA – ECI,
the market leader for agricultural financial analysis software,
today announced an agreement with Fair,
Isaac and Company, Incorporated (NYSE: FIC) to embed the
Fair,
Isaac LiquidCredit® analytic and decisioning service for
small business lending, including the industry-leading Small
Business Scoring ModelsSM (SBSSSM)
into ECI’s current Web
Equity Manager® browser-based financial analysis software.
This integration empowers credit grantors with a faster, more
cost-effective method of processing better quality credit
decisions that reduce loan losses, and increase loan volumes
in medium to large agricultural and related small business
credit portfolios.
Web Equity Manager® calculates a complete financial analysis on any loan type, from the simplest loan requests to the most complex agricultural and related small business credits utilizing the Farm Financial Standards Ratios and RMA Industry Comparisons. Credit bureau reports can be pulled from within the Web Equity Manager® system and lenders can include that information in their scoring and rating parameters. Web Equity Manager® also provides the Fair, Isaac LiquidCredit® analytic and decisioning service for small business lending, including the industry-leading Small Business Scoring ModelsSM (SBSSSM) functionality so lenders can quickly and confidently process loans up to $250,000 with little or no financial data.
The Fair, Isaac LiquidCredit service is a multi-product credit decisioning solution that drives predictive loan performance with trust, speed and accuracy. Included in the LiquidCredit service, the SBSS model suite, now in its fifth release, is utilized by over 90% of the top small business lenders in the United States. Lenders can approve more loans without adversely affecting risk across all customer channels by using the LiquidCredit analytic and decisioning capabilities to quickly assess risk and determine the proper credit offer.
This is done based on product-matching technology and the credit grantor's own underwriting strategy. LiquidCredit has been specifically designed to include multiple business bureau
and consumer credit reporting agency interfaces and associated transaction management tools.
“We are pleased to be working with a market leader in the agricultural
industry like ECI and to integrate our LiquidCredit decision technology for small business lending into their Web-based
solution,” said Raffi Kassarjian, vice president of the LiquidCredit business unit at Fair, Isaac.
“With the LiquidCredit service embedded into our already robust
Web Equity Manager analysis environment, we will be the clear leader in the agricultural marketplace that provides this
level of analysis and decisioning power, for a variety of loan types, in a browser-based format that our customers can
either house themselves or have us house for them in a secure, reliable environment that is accessible 24/7,” said Gary
L. Kruse, ECI president and CEO.
About Fair Isaac
Fair, Isaac is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The
company’s predictive modeling, decision analysis, intelligence management and decision engine systems power more than 14
billion decisions a year. Founded in 1956, Fair, Isaac helps thousands of companies in over 60 countries acquire customers
more efficiently, retain customers and drive customer value, reduce risk and credit losses, lower operating expenses and
enter new markets more profitably. Most leading banks and credit card issuers rely on Fair, Isaac’s analytic solutions,
as do insurers, retailers, telecommunications providers and other customer-centric companies. Through the www.myfico.com
Web site, consumers use the company’s FICO® scores, the standard measure of credit risk, to manage their financial health.
Fair, Isaac, FICO, LiquidCredit, Small Business Scoring Service and SBSS are trademarks or registered trademarks of Fair,
Isaac and Company, Inc., in the United States and/or in other countries. Other product and company names herein may be trademarks
of their respective owners.
About Web Equity Manager
Web Equity Manager® calculates a complete financial analysis on any loan type, from the simplest loan requests to the most complex agricultural and related small business credits utilizing the Farm Financial Standards Ratios and RMA Industry Comparisons. Credit bureau reports can be pulled from within the Web Equity Manager® system and lenders can include that information in their scoring and rating parameters. Web Equity Manager® also provides the Fair, Isaac LiquidCredit® analytic and decisioning service for small business lending, including the industry-leading Small Business Scoring ModelsSM (SBSSSM) functionality so lenders can quickly and confidently process loans up to $250,000 with little or no financial data.
Click on the link below (or call ECI) to schedule a live online demonstration of Web Equity Manager® financial analysis capabilities today.
FREE Online Demo Form Here...
1-800-264-0787 ext. 200 | ECI Home Page Here
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