Automate and Streamline Your Consumer and Small Business Lending. Jamie Williams, Business Development Laurie Otero, NAL Consumer Product Manager

Transcription

1 Automate and Streamline Your Consumer and Small Business Lending Jamie Williams, Business Development Laurie Otero, NAL Consumer Product Manager April 12, 2017

2 Holistic lending strategy Loan Origination Consumer loan solutions Commercial loan solutions Loan Management Portfolio management ALLL Stress testing Compliance Services Full suite of services Monitor lending compliance Fair Lending lookbacks FIS LENDING STRATEGY Loan Servicing Core banking solutions Third-party solutions Sub-servicers Front/Back Office Virtual Back Office Loan Origination Call Center Servicing Collections

3 Consumer Loan Lifecycle Business Development Application Review Credit Fulfillment Servicing Portfolio Management FIS Solutions: Drive leads Increase client satisfaction Omni-channel Application Entry Status updates Credit Policy evaluation Automated Decisions Manual Review State and federal compliance Compliant documents Lien perfection e-signature Service loans Core processing Default management Payment management Review portfolio Regulatory compliance Loan and borrower health Metrics Exception & Covenant monitoring Book loan to servicing.

4 Consumer Lending Products Supported Auto/Truck Marine RV Retail Finance & Leasing Power Sports Outdoor Equipment Revolving / Overdraft Protection Credit Card Merchant Credit Energy Home Improvement Real Estate Home Equity/HELOC Second Mortgage Non-Conforming Purchase Money Bridge Loans 4

5 Take applications anywhere, anytime Origenate Anywhere Branch Portal Other Channels (DealerTrack, RouteOne, Other third party website) Duplicate Check LexisNexis Riskwise LexisNexis Instant ID Fraud Check OFAC Check Completion Check Customer Information System Interface

6 The Integrated Solution Origenate Anywhere Frictionless direct to consumer solution Applicant Portal Self-service portal for consumer Origenate Automates and streamlines loan origination for consumer lending and indirect lending Branch and Call Center Portal Built-in decision engine for automated decisions Tools for underwriter reviews and judgmental decisions Enforces credit policies; tracks exceptions Self-documenting audit trails Robust loan processing functions Origenate Fulfillment Compliant document generation e-signature Interface to loan servicing system 6

7 Origenate Anywhere Mobile consumer application entry Reduces friction through use of HTML vs. App Store Responsive design Merchant branding and product level branding Multiple products: Consumer Unsecured and Credit Card Auto, Marine, RV and Other Secured Home Equity and HELOC Multi-lingual support Easy for a consumer to apply for a loan, receive an instant answer and complete purchase 7

8 Applicant Portal Integration to Origenate Anywhere Invitation to set up account when application submitted User account is created Welcome Portal Messages Login & Authentication User can log in at any time Automated Decision and Closing s with login links Integrated with FIS mobile for single signon Pre-populates applicant data from FIS mobile Optional IDA/IDV Authentication Integrated with Origenate Real-time loan status Displays Decision details Customer Checklist Stipulations generated by Origenate display as checklist items Documents and disclosures for customer review Upload supporting documents to Origenate Integration with esignature Customer receives with link Configurable branding Configurable colors and logos

9 Branch Portal Bank Branding Preloads customer data for streamlined data entry Can return instant decisions Receives real-time status updates Attach supporting documents Real-time comments with central office Print application, early disclosure and closing documents

10 Credit Processing Workflow Score Applicants Decision Application Pricing Application Workflow Auto, RV, Marine, Home Equity Up-sell/ Down-sell Cross-sell Product Options Analyst Review Automated Approval or Decline Underwriting Concurrence Analyst Decision Decision Notification Fax, , Electronic Back to Portal

11 Loan processing workflow Branch Portal Loan Processing Digital Channel Loan Verification Closing Preparation Electronic Stipulation and Checklist Completion/Tolerance Rules Home Equity Request Title/Appraisal/Flood Compliant Document Preparation TAF Vendor Network Funding Integration to Core

12 Title Appraisal and Flood Network Title Title Appraisal Flood (TAF) Network Appraisal Flood Vendors

13 Workflow Management Product Specific Queue Routing and Management Service Levels by Branch, Retailer, or other Source Automated Routing and Timeouts Alerts: Comments, Early Disclosure, Uploaded Docs, etc. Event-triggered and on-demand s

14 Loan Tracking and Compliance Warranted closing Documents Lender-defined rules & Lender Levels HOEPA, HPML, QM, HMDA Red Flag and OFAC alerts Integrated Fraud Services TRID disclosures: Loan Estimate, Closing Document REVIEW DECLINE Generation of Early Disclosure Documents and Alerts, adverse action letters, etc. User, forced, and system comments and complete audit trail 14

15 Early Disclosures Warranted Early Disclosures

16 FIS Lending: Fulfillment Closing Signing and Vaulting Booking Compliant Integrated document capabilities Supports Federal and State (+ D.C.) compliance Provides dynamic documents with terms and conditions Integrates custom language, while FIS manages noncustom language Supports Early Disclosure document packages (including TRID disclosures) Integrated electronic signing and vaulting Supports signing on remote devices Electronic vault for authoritative signed document enforcement Integration to FIS image archive for review access and workflow use Booking of loans to Core System

17 Closing Documents Compliant closing documentation Warranted compliant content and custom loan documents Dynamic document selection Paperless: e-signature and secure document vaulting 50 State Compliance and printer distribution TRID Loan Estimate and Closing Documents Origenate populates closing data Seamless integration to FIS Cores 17

18 2017 Product Roadmap Origenate Anywhere, Origenate, FLO

19 Product Roadmap Origenate Anywhere Mobile Loan Application Small business loan type support Additional loan type support for small business applications into Origenate FISMobile integration Launch OA loan application directly from FISMobile-hosted banking app Includes pre-population of applicant information Google Analytics support Associate Google Analytics account with OA application to track applicant behavior and collect metrics Pass Branch/Originator code in URL Identify branch/originator through site URL instead of requiring applicant to select a value Improved field configuration Offer additional flexibility on field configuration within OA application 2018 HMDA support Applicant support for the 2018 required HMDA regulatory changes

20 Product Roadmap Origenate Anywhere Applicant Portal FIS ID Verification & ID Authentication integration Ability to perform OFAC & IDV checks on applicant before allowing access to Portal session Ability to display out of wallet questions to applicant before allowing access to Portal session Integration with Origenate Branch Portal Applications initiated in Origenate Branch Portal to generate Applicant Portal session for applicant to view decision details, attach documents & perform esign ceremony outside of the branch Support co-applicant session Generate an Applicant Portal session for co-applicants Expanded notifications Application is withdrawn New checklist item added New message received Applicant has completed all open checklist items (lender notification)

21 Product Roadmap Origenate HMDA 2018 Support for expanded HMDA data Enhanced HMDA extract Integration with Equifax s The Work Number Real-time employment verification Real-time income verification Branch Portal enhancements Ability to record intended new loan trade payoffs Support for multiple collateral data collection Support for Hypothecators Borrower/non-borrower collateral owners InstantID Upgrade Replace Fraud Defender with Fraud Point Expanded verification data set 21

22 Product Roadmap Origenate Enhanced Small Business Support Commercial credit bureau integration Experian Premier Profile Dun & Bradstreet Systematic evaluation of commercial credit Calculations Underwriting rules Rule override and credit limit authority levels User Interface Display of summarized commercial bureau data Display of standardized commercial bureau data Ability for user to interact with commercial bureau data based on security permissions FinCEN Customer Due Diligence Rules Enhanced support for business identification information

23 Product Roadmap FLO Small Business SBA 7A document support HMDA 2018 Support for expanded HMDA data Additional HMDA data defaults Boarding Notification integration To Origenate Anywhere Applicant Portal to support notification to consumer To Origenate to support end-to-end Origenate Fulfillment workflow Support for new URLA Real-time integration to Base2000 Integration to Simplicity for custom document creation Expanded support for high-cost mortgage loan validations

24 Thank You Jamie Williams Laurie Otero