Fair Issac offers underwriter for PCs.

In its latest release of CreditDesk application processing software, Fair, Isaac & Co. has added capabilities enabling the system to make credit decisions on PCbased systems. CreditDesk 2.1 adds riskbased pricing, verification and supervisory review queues, and table-driven scorecard implementation.

The Windows-based system assesses credit application rise retrieves and analyzes credit bureau reports, perform accept/decline letter generation and other processing functions, and produces a series of management reports.

Fair Isaac has als updated each of the industry-specific credit application scorecards, which were developed based on a data base of pooled creditor informarion. It added several summary credit bureau chararacteristics, in addition to a score component to make the scorecards more accurate predicters of an applicant's performance.

Fair Isaac is based in San Rafael, Ca.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER