DH Corporation launches new release of CreditPath lending platform
DH Corporation has launched a new release of CreditPath, the company's integrated lending platform for commercial and industrial lending, commercial real estate lending, small business lending, consumer lending and equipment finance.
D+H has also launched CreditPath Connect, a toolkit that supports the rapid integration of third-party systems to CreditPath.
CreditPath is a loan and lease origination platform that enables financial institutions to optimise their processes across the lending lifecycle.
"Fifth Third Bank utilises CreditPath for the underwriting of commercial credit, portfolio monitoring and credit risk reporting for our commercial loan portfolio," says Rich Duggan, vice president, enterprise risk management, Fifth Third Bank. "The solution has helped us drive efficiencies in our credit process and enabled the organisation to quickly respond to changes in the financial industry while improving service levels to our customers. We are excited about the innovation delivered in this release of CreditPath as we look to continuously improve our customer experience and processes in commercial credit."
This latest release of CreditPath includes more than 100 new features and enhancements such as improvements to collateral management to support complexities of utilisation and valuation, a smarter business rules engine to simplify and centralise compliance infraction tracking, and increased speed and system flexibility to better facilitate the creation and maintenance of legal documents. In addition, CreditPath has been refreshed from top to bottom using the latest user experience conventions to provide an intuitive workspace.
"Margin compression and intense regulatory oversight are forcing institutions to find ways to reduce their operating costs while competing for growth and managing risk," says Scott Hansen, senior vice president, marketing, D+H. "These releases of CreditPath and CreditPath Connect deliver a lending platform that can integrate to or replace many internal and external systems with tools that facilitate efficient business processes, empower users and aggregate operational and risk data."
CreditPath Connect is an update to the integration toolkit used to connect third-party systems and tools to CreditPath. It allows for integration between the wide varieties of systems that financial institutions have invested in and rely on each day.
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