Business Process Tool
The updates to Zoot’s loan origination solution allow us to directly manage the path and flow of the application from beginning to end, where previously our level of control was over the decisioning portion. The ability to make changes on our own across the entire origination process allows us to control our own destiny.
—Sherry Hartwig,
vice president credit risk for World’s Foremost Bank
Manual reviews are often necessary for your institution to fulfill internal and external compliance requirements, for example, investigating fraud indicators, but they do not need to halt the automated process. The business process tool manages and integrates automated and manual steps in the origination process.
The Human Touch within Automation
After an application has been reviewed manually, it is then returned to the automated workflow. You can perform manual reviews when necessary, stay within compliance guidelines, and quickly return to the automated process. This ensures that your customers experience a speedy approval process.
It’s All about Control
The business process tool allows you to manage the overall decisioning flow of each unique client platform. Business users can access Zoot’s powerful workflow engine allowing you to define, configure, and implement a unique origination process flow for any type of credit application. This editor can continue to manipulate the automated processes to decrease the cost of evaluating an application or to seamlessly integrate manual steps as necessary.
Zoot’s business process tool integrates easily with Zoot’s instant rules tool and vendor management tool , giving your institution an unprecedented level of control over your origination process.
Learn More:
White Paper, “Adapting To Change: A Need for Speed”
