Chapter 28: MyDecisionNow
IN THIS LESSON
NOTE: This software platform must always be positioned and sold outside of Equifax products, as they have a similar platform in production. This platform was developed as a joint venture between Confluent Strategies and Syntropy Group (as of 9-5-23).
What is MyDecisionNow?
Many lenders have limited decision capabilities, forcing them to compromise on criteria, consistency, and execution.
MyDecisionNow (MDN) is a powerful, flexible decision management platform that allows lenders to make sound credit decisions and product offers instantly according to their specific credit policy, anywhere their consumers want to apply.
MyDecisionNow equips lenders to meet consumers where they are. Best of all, MyDecisionNow is easy and quick to deploy; lenders can be up and running on their automated platform in a matter of weeks with minimal up-front investment.
When
MyDecisionNow returns your decision immediately—allowing you to stay competitive and remain completely focused on closing the sale.
Where
MyDecisionNow can be accessed from anywhere you’d like your consumers to apply! Whether in a branch, on your website, mobile app, or online banking, MDN works anywhere you need it to.
How
MyDecisionNow is a robust and flexible platform allowing you to quickly and easily configure a new decision policy or leverage your existing decision policy.
Additional Features and Benefits
Easy and quick to deploy, requiring minimal IT resources.
Robust and flexible decision capabilities enable consistent decisions across your enterprise, no matter the business line, whether mobile, branch, online, or call center.
MyDecisionNow offers flexible fee options. From our turnkey solutions to our more advanced “core integration” solutions, our team will work with you to create a development fee structure that makes the most sense for your organization.
Detailed reporting via the MyDecisionNow dashboard gives you insight into the performance of your credit decisions and the credit quality of your applicants.
Detailed change control allows you to manage and document your policy and score changes using role-based access control.
MyDecisionNow enables you to achieve a much higher percentage of automated underwriting, which will assist in reducing application abandonment rates and loan loss.
Marketing materials, presentation decks, and proposal forms are available on Sales Hub.