CNN Money Fortune Magazines Top 100 Fastest Growing Companies in the
This list is released once a year and while going through the names on that list, I noticed one that is related to credit and lending. First Advantage comes in at number 90, last year they didn’t make the list.
First Advantage has many services and their clients include the mortgage industry beset by sub prime woes. Looking through their website I noticed they offer many different business services, one being Credit Automation Services. Being involved in the credit industry, I clicked on that link on their website. It brought me to a new website called CMSI, a First Advantage Company. I mention this company because when I visited the website they claim that CMSI’s products and services allow customers to automate the entire credit granting process, expediting analysis and decisioning, and facilitating compliance with federal and state regulatory requirements. They say their systems are designed to help credit originators, or business owners to improve operating efficiencies by increasing productivity, enhance customer satisfaction by reducing turnaround time on credit decisions, and decrease portfolio risk by applying consistent underwriting standards.
This eliminates the need for an in-house credit policy, since they would “be” your credit policy. I have never used a service like this and would like to hear any feedback from any of you who have. Please leave a comment on your experiences with credit automation.
Comment Preview