Application Processing Module Overview

In conjunction with the Origination Manager Decision Module, the Application Processing Module enables automatic and manual processing of applications for a credit product, the implementation of credit policies and guidelines for establishing customer credit worthiness, and automated decisioning. The Application Processing Module is delivered with an extensible domain model, group security, embedded version control, queue definition and management, reporting, and a customizable workflow for application processing. It also includes preconfigured workflow steps tailored to the origination of consumer credit and small business credit applications. In this release of Application Processing Module, the synchronous consumer line of business is introduced, which is similar to the consumer line of business. Additionally, synchronous workflows can be confgured for the business needs of synchronous consumer credit applications.

The Application Processing Module can be configured to obtain and use business credit reports from business bureaus.