BATON ROUGE, L.A. -- Bank of America has installed risk processing software in its indirect lending operations to support a multistate automobile dealer network in the Southwest.
Provided by Appro Systems Inc., the MP 100 system will process loan applications, evaluate risk, and ensure the bank's credit scoring policy is applied uniformly throughout the institution.
This is ahighly volatile and competitive niche withinthe industry. Those banks that can get the dealer an answer back first are the banks that get the loan," said Craig Uffman, Appro's vice president.
