Benefits

Within AFSVision is functionality to address the straight-through process for lending, including the data-gathering, financial analysis, underwriting, risk assessment, decisioning, monitoring and exception management, document preparation and closing, booking, and servicing phases. AFS servicing functionality enables web-based queries on customer loan status for any type of loan (consumer, commercial, specialized, capital markets) at any point in the lending process from origination through payoff, in real time. This capability can be deployed for use internally by the lending team and customer service representatives responding to customer requests for information, or can be made available to customers directly for inquiry via the Web. The benefits AFSVision brings to the origination and servicing processes include its ability to:

Manage Risks: AFSVision provides accountability by building bank policy into daily processes that are systematically monitored. Exceptions are identified and reported so that immediate attention can be focused on corrective actions, preventing losses. Timing delays in obtaining information are eliminated. Customers have access to the information they need to manage their borrowing more accurately, reducing credit risk and delinquencies. Bank staff has instant access to information to identify credits at risk and policy exceptions that can be addressed and corrected. Information on collateral and guarantors is readily available to mitigate risks that are identified. Specifically, AFSVision mitigates:

	Credit Risk, by identifying credit policy exceptions and improving compliance, including consistency in decisioning treatment of loan applications and the identification of unauthorized credit approvals or overrides. Credit indicators are available throughout the life of the loan providing the critical information to the key decision maker at the right time.
	Operational Risk, by monitoring loans from first point of origin to booking-identifying process anomalies, including pricing and collateral exceptions, fee waivers, and missing or incomplete documentation.
	Legal and Reputational Risks, by providing a rules-based workflow ensuring comprehensive data capture, collateral perfection, and adherence to policy, as well as the ability to capture and report in-depth information on customers, facilitating "know your customer" accountabilities and supporting expanding internal audit informational needs.

Cut Costs: By automating and standardizing many of the processes that have historically been manual (decisioning, document production, perfection, customer notification, and repetitive data entry) and by tracking individual performance, AFSVision's origination functionality reduces costs by up to 40%. In addition, significantly less staff time is required for manually intensive error research and resolution. Reporting focused on productivity management enhances time to market, turnaround, and staff efficiency.

Increase Customer & Line Satisfaction: Rapid access to information at all stages of the lending process improves customer responsiveness and transaction speed. Process automation results in fewer errors and exceptions, thereby enhancing customer and line relations. The ability to service accounts more efficiently reduces demands on the line's resources for account inquiry and maintenance by up to 50%. The customer is able to manage debt more effectively because of the accessibility of timely information on loan status, applicable rates, and borrowing alternatives.

Generate Revenue: AFSVision's origination capability assigns fees and reviews rates in accordance with bank policy for each lending product as a loan is booked. AFSVision clients achieve increases of three to five basis points on their portfolios attributed to the management of pricing exceptions. The system enables loans to be booked faster so revenue accrues earlier in the process. Delinquencies are monitored so losses are reduced. Time to market is dramatically shortened, enhancing a client's ability to compete favorably in the market.

Superior customer service has a direct correlation to financial services revenue, by increasing retention of existing customers and generating new business and cross sales. In an era approaching real-time banking, customers expect access to account data on demand, as a matter of convenience and necessity, to manage their debt. AFSVision's servicing functionality provides real-time browser-based access via the Web to customer loan information, enabling queries on the status of loan applications, updates on borrowing alternatives and rates, and confirmations of advances and payments. This superior level of service delivery differentiates the bank's capabilities competitively, and enhances opportunities for revenue generation.

Features

AFSVision's approach to loan origination brings processing efficiencies and risk-mitigation advantages to the tasks associated with generating any kind of loan. The solution streamlines, tracks, and controls information-gathering, underwriting, credit-scoring and analysis, risk assessment, decisioning, document preparation, and loan booking tasks. It creates dramatic efficiencies through its built-in workflow management logic and systems integration capabilities.

The origination process facilitates compliance with Basel II's advanced internal ratings-based approach for all loan types, through data capture for risk ratings, Probability of Default, Loss Given Default, and Exposure at Default, maturity, collateral, and guarantors. Automated origination functionality assists management and boards of directors in meeting expanded requirements for disclosure and transparency mandated by Basel II and Sarbanes-Oxley.

AFSVision origination functionality is applicable to all lines of business and is designed to accommodate the unique requirements of specific loan types through a variety of distribution channels. Among the lines of business AFSVision accommodates are:

	Consumer Loans AFSVision manages all data collection, disclosure, underwriting, decisioning, document preparation, compliance, and regulatory reporting, and workflow tasks associated with making consumer loans. It is designed to address, maintain, and enable the monitoring of data unique to consumer loans, including items such as marital status, occupancy, race or national origin, gender, and multiple property addresses.
	Business Banking Loans AFSVision uniformly automates the process for small business lending including application information, credit scoring, product definition, underwriting and decisioning and compliance. AFSVision's business banking loan capabilities include integration to Fair Isaac LiquidCredit® for consumer and business credit bureau reports, SBSS credit scores, and numerous summary bureau data (e.g., OFAC identifier). Workflows can also be configured to support automated decision processes
	Commercial Loans The solution automates the credit approval process. It integrates data sources to create an electronic approval document that can be routed to lending authorities and committees, incorporating financial statement information, credit analysis, and other required documentation. AFSVision combines the ability to capture risk ratings with an automated process that determines the approval authorization required. Interfaces to business credit information and statement-spreading tools become active as needed during loan processing. Streamlined workflows ensure loan requests are routed only to appropriate bank staff designated to deal with these activities, maximizing efficiency, and providing faster turnarounds to customers. The workflow not only controls the pipeline, but also enables managers to view loan status at any point in the process, permitting re-assignment of the loan if necessary.
	Commercial Real Estate Loans AFSVision streamlines the commercial real estate lending process by efficiently processing loan requests and unifying all relevant information needed about real estate under negotiation. AFSVision's commercial real estate functionality enables financial services personnel to concentrate on credit issues associated with commercial lending, while ensuring all related data are accumulated in a timely manner. AFSVision captures the characteristics of the loan and the essential real estate information (appraisals, inspection reports, environmental studies, etc.). Additional collateral, guarantor information, and underwriting memos are also held in the same file, creating a comprehensive view of the relationship.

Complementing the line of business specific functionality, AFSVision supports the straight through process for all loan types to automate the loan set-up, documentation, closing, and booking processes. It provides the ability to record note and document exceptions found in the post-approval process. The integration process is seamless, error free, and occurs on a real-time basis, making AFSVision unique among it competitors.

The AFSVision servicing capability applies to all loan types and provides real- time access to information that includes obligor indicative data, facilities, balances, loan payoff history, risk ratings, approval information, collateral information, and guarantor information.

Customer Set-up Products

AFS Paralender is the post-origination module of AFS' straight-through processing business model. Paralender automates loan setup, documentation, closing, booking, and documentation exceptions. Customized based on business rules reflecting bank policies, product definitions, user roles, and operating procedures, as well as AFS' "best practices" experience, Paralender manages loan administration workflow.

Loan Administration Products
	AFS Loan Administration provides real-time, Web-based online inquiry and maintenance capabilities to bank lending teams, credit support, and customer service staff, enabling them to respond quickly, accurately, and efficiently to customer inquiries or to process customer requests.

Exception Management Products

The AFS Exception Management system automates and controls the identification, tracking, and reporting of exceptions throughout the lending process, from origination through payoff or asset disposition. AFS Exception Management provides real-time information for proactive management of exceptions to bank policy and process, including credit policy, approval processes, collateral, covenant tracking, and documentation.

Technical Considerations
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