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Credit Services
Assessing credit worthiness is one of the most critical tasks performed within the lending process. Applying consistent, client-approved credit policies ensures that the credit granting process maintains its integrity. Our proprietary automated credit processing platform can afford you a cost-effective method of applying consistent treatment to all applications. Our services eliminate manual processes and the risk of non-compliance with the Equal Credit Opportunity Act.
- CAPITAL's Application Processing System (CAPSTM)
CAPITAL's Application Processing System, (better known as CAPSTM), is our
proprietary, rule-based system that tracks all applications from the date of
arrival through the processing period. CAPS provides a complete audit trail of
the entire processing activity related to an application record, including the
set up of the credit card account. CAPS allows clients to select the processing
steps they want; giving them the versatility to customize the application flow
to meet their unique credit policy underwriting requirements. With CAPS, each
field in a consumer's credit bureau file can be assessed along with any other
consumer-supplied information collected from the credit application. This
enables our clients to incorporate client-defined fields or scoring models for
targeted customer selection.
- Data Entry
Applications received from our mail services area are batch
controlled and recorded for MIS tracking. Completed applications
are then entered into CAPS.
Debt-to-income ratios are computed, verification steps are taken
and potential fraud situations are investigated. Applications that
contain processing fees are balanced and reconciled for the nightly
deposit into our clients general ledger account.
- Underwriting
Using client-approved credit criteria, applications are processed
using CAPS. All correspondence,
such as declination, verification and approval letters, complies
with regulatory requirements in content and timing. All
applications are filed, which provides easy accessibility for future
regulatory examinations and assists in retention requirements. CAPITAL
can support applications through a variety of channels including hardcopy,
file transmissions or Internet.
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| Credit Services |
Points of Interest
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- Client-defined service levels
- Client based underwriting criteria
- Automated Credit decisioning platform
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