The 1^st Loan Finder Financial Data Analysis & Underwriting Engine (1^st ENGINE) is a multipurpose Financial Service Engine.

• Loan Product Analysis – The engine can contain multiple lending products (i.e., Mortgage, Auto, Equity, etc) as well as data from secondary lending institutions. These multiple lending products are expressed as the standard Risk Analysis Lending Criteria for each product type, and it provides unlimited adjustments to rate/product offerings.
  • Underwriting templates can be configured to host a myriad of lending criteria, from Beacon Scores, Loan to Value, Debt to Income, to Geographic region, and Equity type.
  • Credit bureau, customer provided, and third party provided information is analyzed and saved in easily organized database records.
  • All mathematical and logical data analysis functions are available for data comparison, insuring that every aspect of the financial picture can be analyzed in much the same manner as used by the Human Loan Underwriter.
• Loan Product Offerings – The engine can be configured to provide lists of alternate products (even from other affiliated lenders). It can automatically analyze the product criteria to insure that typical turn-down customers are captured via any available means, such as, approving the loan based on availability of products via a secondary paper purchaser, and/or reconfiguring the loan to fall within structured requirements by including alternate debt consolidation.
• Immediate Loan Analysis – 1^st Engine can provide real-time lending reporting. A number of standard reports are available, and special reporting criteria can be configured in minutes to help tune lending criteria. Whether the criteria changes due to interest rate changes, or internal policy changes, fast immediate reporting is provided, and remote access to lending criteria templates are available Twenty Four hours a day.
• Alternate Product Offerings – 1^st Engine can be configured to identify any potential product offerings. If the customer is requesting an Auto Loan, and analysis of his financial data indicates the he may benefit from a debt consolidation loan, or a lower interest rate Mortgage loan, these items can be identified and offered in concert, or in place of the current product.
• Select Credit Requests – Any one, two, or all three of the credit reporting agencies may be selected for any product offering. These reports, when more than one is desired, are merged into the database, and can be analyzed separately or combined. 1^st Engine provides the ability to analyze the credit reporting data against other credit providers for accuracy comparisons, on each individual report, or over any reporting period.
• General Reporting – The 1^st Engine allows data access to host a number of reporting possibilities. These may include,
  • Demographic reports,
  • Geographic reports,
  • Product selection trends,
  • Payment histories, and
  • Equity analysis.

In general, any and all data collected for your institution is available for reporting or analysis functions.

Once 1^st Engine receives the Credit Bureau Report(s), a decision can be reached within seconds. The decision response returned indicates;

• Loan Approved,
• Loan Declined,
• Restructured Terms, and
• Alternate Solutions.