San Diego, CA (PRWEB) December 19, 2005
Zementis Inc., a software provider based here, announced today that it has teamed with Accredited Home Lenders Holding Co. (Nasdaq:LEND), a national non-prime residential mortgage lender also based in San Diego, to provide a risk management solution that is designed to improve the service and quality of its automated underwriting.
“The non-prime mortgage industry is dependent on speed and customer service” said Larry Murphy, Accredited’s Chief Information Officer. “The software solution developed by Zementis is designed to reduce manual intervention, while improving feedback to brokers.”
Accredited’s new risk management platform, which automates non-prime mortgage applications beyond a rules-based system, employs advanced analytics, predictive models, and an enterprise delivery framework to assess the risk of a loan application in real-time. Dr. Michael Zeller, CEO of Zementis, said. “Utilizing Accredited’s customer-focused information technology, Zementis was able to integrate its next-generation risk management framework with minimal impact to the existing business process and leverage it for process optimization across the entire value chain.”
About Zementis, Inc.
Zementis, Inc. provides state-of-the-art statistical and analytical solutions for the financial industry. Powered by advanced neural network technology, the Company's unique Adaptive Decision Engine automates complex decision processes. Zementis’ predictive models offer immediate and objective feedback for credit applications, which increases customer satisfaction, ensures quality with greater volume, and opens new market opportunities. Additional information may be found at http://www.zementis.com.
About Accredited Home Lenders
Accredited Home Lenders Holding Co. is a nationwide mortgage banking company that originates, finances, securitizes, services, and sells non-prime mortgage loans secured by residential real estate. Founded in 1990, the company is headquartered in San Diego, CA. Additional information may be found at http://www.accredhome.com.