AFS Consumer
AFS offers the only lending solution for consumer products that affords the opportunity to consolidate all of a lending institution's loans on a single platform-consumer, commercial, real estate, specialized assets, and capital markets. A single system solution provides the advantage of less cost (in system maintenance, programming, support staff, upgrades, training, etc.), offers consolidated information on customer exposure, and a single, accurate source of management and regulatory information.
In addition, AFS' consumer lending solution is differentiated by its straight-through process that automates and streamlines loan servicing from origination through pay-off or sale, providing vastly improved control of the lending process and faster, more accurate responsiveness to customers.
AFS Consumer Lending efficiently provides the flexibility and rich functionality to support virtually any direct or indirect lending product defined by the lender and supports all distribution channels. The system's integrated workflow management and reporting capabilities provide the information necessary to maintain credit quality and pricing integrity, including collateral and documentation management.
Benefits
Risk Management
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The ability to manage credit policy consistently across the enterprise |
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Integrated collateral and documentation management |
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Product localization to accommodate regulatory requirements by state |
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Aggregated customer exposure across all borrowing types |
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Improved data integrity |
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Consolidated, accurate information reporting |
Revenue Enhancement
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The ability to manage pricing policy consistently across the enterprise |
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The ability to identify and reduce price concessions and waivers |
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Faster time to market with new products |
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Application approval times in minutes |
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Tracking of special offers and regional campaigns |
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Unlimited fee, accrual, billing, and payment options |
Efficiency/Cost
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Automated processes with one-time data entry |
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Consolidated reconciliation, balancing, and settlement processes |
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Automation of manual tasks |
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Reduction in errors/error resolution |
Features
Consumer Product Support
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Direct and indirect, secured and un-secured product support |
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Insurance processing |
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Lines of credit (home equity, personal, executive) |
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Statement disclosures |
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Tiered and teaser rates |
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Multiple repayment types |
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Amortization options |
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Minimum payment calculations |
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Check access |
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Unlimited accrual types and billing options |
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Complete backdating |
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Completely flexible product definition capabilities |
Risk Management
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Data maintenance, notifications and reporting for regulatory compliance |
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Stops and holds |
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Minimum earnings and early line termination capabilities |
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Collateral processing (full undermargining, hypothecations, cross pledged, real estate, vehicle IDs, and CUSIPS) |
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Portfolio analytics |
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Automated payment processing |
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Automated entry offsets |
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Real-time exception identification |
Servicing
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Real-time inquiry capabilities |
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Online application status |
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Automated flood, title, and appraisal processing |
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Automated transfer of data among system components |
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Adverse action letter production |
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Extensive fee calculation capabilities |
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Complete backdating |
Associated Capabilities
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Vendor program management |
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Web-based reporting capabilities |
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Integrated collections and recovery |
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Securitization extract and pool processing capabilities |