Mortgage
The mortgage industry is a volatile space. As the market corrects itself from the days of low interest rates, adjustable rate mortgages driving up foreclosures and the inevitable regulatory guidance that will follow, lenders must be empowered with software that gives them all the tools they need to keep loan decision management efficient, safe and flexible…all while increasing ROI.
Lenders that want to realize improved long-term savings are increasingly turning to proven IT solutions. This is achievable with a risk analysis partner that gives you capabilities like:
  • Decision management and analytics that set the standard for the industry in flexibility and dependability 
  • Instantaneous quotes 
  • Real-time data from the three credit bureaus that incorporates the bureaus’ continually changing processes
  • Seamless integration with any of your own external and internal sources of data
  • Expert, affordable implementation


Compliance Ease – Staying compliant not only decreases your odds of fines and other negative outcomes, it also helps you to mitigate the risk of loan defaults and foreclosures. Compliance through a risk analysis partner you can trust offers an excellent opportunity to implement best practices for an industry with its share of landmines.

Minimize Fraud – It’s no secret that fraud and money laundering are hazards within the business and continue to escalate. And there is a strong connection between defaulted loans, foreclosed properties and mortgage fraud.

According to the Mortgage Asset Research Institute, loan origination fraud was up 30% in 2006 from the previous year. False information about claimed income and employment history were the most common types of this fraud, highlighting the urgent need for accurate, real-time data on prospective customers.

Key Magnum Benefits

  • Delivers the most accurate real-time data on borrowers from trusted sources
  • Instant loan decisions shrink the cost of the loan application process per loan
  • Applies risk-based pricing according to your scorecard preferences
  • Cross references applicants with current databases of criminals and terrorists
  • Reduces time wasted on fraudulent applications
  • Keeps organizations compliant and consistent across the board to reduce risk

MAGNUM PRODUCTS:

CreditFlow, Workflow Management

CREDICHECK, Data Acquisition

RapUP, Data Analytics

StrategyOne, Decision Engine

Dante, Scorecard Development

Magnum Test Facility, Test/Simulation Tool