CRIF Lending Solutions Launches CRIF Achieve Decision Analytics

CRIF Lending Solutions today announced the launch of CRIF Achieve, a new cost-effective analytic decision management solution. CRIF Achieve gives financial institutions the power to understand and respond to changing customer behaviors and respond to regulatory demands quickly, easily and affordably.  Dollar Bank and the Credit Union Loan Source (CULS) are two of the institutions that have signed on with Achieve as pilot partners.

“Every lender has different needs for analytics and different priorities for how they measure and manage portfolio quality and profitability. We designed Achieve to be flexible in satisfying a wide range of priorities and to support changes over time,” said Larry Howell, Chairman of CRIF Lending Solutions. “CRIF Achieve transforms CRIF Lending Solutions from a decision support software and services company to a full decision management solutions provider, and we are excited about providing our clients with more solutions that can improve the way they do business each and every day.”

“Today’s regulatory demands require a solution like CRIF Achieve,” said John Park, VP of Consumer Lending at Dollar Bank. “As lenders, we’re required to deploy analytics to monitor, respond and react to changes in our risk profile and the financial performance of our products and portfolios. CRIF Achieve effectively meets this need by being an integrated, ongoing process instead of a one-time project.”

CRIF Achieve combines CRIF Lending Solutions’ innovative technologies with CRIF Decision Solutions’ 30 plus years of experience in U.S. and international risk management, credit scoring, decision management analytics and data aggregation to create a solution that transforms analytics from costly ad-hoc projects to affordable business processes. Achieve allows for rapid deployment of custom models and decision strategies through integration with Teres SAIL, APPRO LCC, CRIF ACTion and CRIF Synergy’s StrategyOne, and is scalable from full service turnkey services for smaller institutions to custom solution design and modular integration for larger clients.

“This is the first time that we have encountered a solution like Achieve, where a complete analytic solution is available in a single, affordable platform. From giving us insight into our business processes to helping us adhere to regulatory requirements through scorecard validations, static pool analysis and ongoing measurement of our underwriting policy compliance, Achieve helps our business succeed,” said Terry Meek COO and Sr. VP of Indirect Lending at CULS.

To learn more about CRIF Achieve and the other automated lending technology and services available from CRIF Lending Solutions, visit www.criflendingsolutions.com.

About CRIF Lending Solutions
By bringing together the automated lending technology and services of Aimbridge, APPRO, Cypress, FLS, Magnum and Teres, CRIF Lending Solutions provides loan and account origination, business process outsourcing, credit decisioning, data access and analytics solutions to 650 of the U.S.’s most successful financial institutions including banks, credit unions, finance companies, retailers and credit card processors. CRIF Lending Solutions is organized into four dedicated divisions: CRIF ACTion includes APPRO, Cypress and Teres products; CRIF Select includes Aimbridge and FLS services; CRIF Synergy features Magnum products; and CRIF Achieve offers cost-effective, analytic decision management solutions. With over $137 million dollars in equity, CRIF Lending Solutions is a part of CRIF, a global company specializing in the development and management of decision support systems worldwide.