How they describe themselves: Industry canon states that every loan decision is a credit decision, but Verde recognizes that it’s much more than that. We see loan decisions as economic decisions and we’ve designed Verde Aurora™ not only to look at risk, but also a comprehensive set of customer behaviors and interactions. It arrives at the very best set of loan terms – balancing the needs of customers, shareholders, lenders, dealers, regulators, and all other stakeholders. We use state-of-the-art behavioral models, married with advanced financial analytics and cash-flow analyses, as inputs into a decision engine capable of finding the best solution of 1.2e19 possibilities, instantly.
How they describe their product/innovation: 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 superprime, it more than doubles average ROA’s.
Product Distribution Strategy: Direct to Business (B2B), through financial institutions, licensed