The Hindu Business Line : Yasu platform for higher automation in loan processing

Hyderabad, Aug. 20 Yasu Technologies, a provider of Business Rules Management Systems (BRMS), on Monday released a white paper on how mortgage lending companies can achieve 95 per cent plus automation levels in processing loan applications.

The paper says over 25 per cent of the mortgage industry is looking to upgrade their existing loan origination systems.

Changing loan origination systems to include functionality for processing the current loan products is simply a way to address the symptom of decreasing automation levels, increased operational costs, lower sales revenues, and decreasing customer satisfaction. Such companies should look at the emerging BRMS space. The BRMS technology is built to absorb change, allowing mortgage companies to be flexible in pricing and eligibility rules in loan products and commissions’ contracts.

The Head of Mortgage Practice, Yasu Technologies, Mr Srinivas Reddy, in a statement said, “Using QuickRules BRMS, customers have achieved high levels of automation in the mortgage industry helping them cut their processing costs significantly.” The QuickRules BRMS platform provides tools for business analysts and developers enabling business rule modelling, analysis, implementation and management with advanced tools for analysis and simulation of business rules.