This post is part of our live coverage of FinovateSpring 2014.
Our next presenter is Verde International, an innovator in the field of loan origination.
“Verde Aurora sets itself apart from the limited decision-making capability of today’s loan origination systems. You need more than a collection of filters and screens to guide a manual decision. Verde Aurora uses advanced behavioral models and projected cash flows to automate offers with rare staff involvement. Each loan is designed to maximize the opportunity for both shareholders and customers. This solution is equally effective across the full credit spectrum and is scalable for lenders of all sizes. In subprime space, it routinely increases approval rates fourfold, and in super prime, it more than doubles average ROA’s.”
Presenting: Patrick Reily (CEO & Co-Founder) and Robert Hughes (CEO, Finance and Thrift)
Product Launch: April 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Atlanta, Georgia
Founded: June 2006
Website: verdeadvisor.com