Software that evaluates residential appraisals according to the acceptance criteria of the secondary market is available from Cybertek-Cogensys Corp., Dallas, and Cuffaro Consulting Services Inc., San Diego.

The system will be incorporated into existing automated underwriting systems that do not yet have appraisal components.

Operating in a DOS or Windows platform, the software costs $100,000 and up.

Cybertek-Cogensys also released a new version of its judgment processing system, which automates lending and insurance underwriting. Emulating human thought processes, the Judgment Processor makes decisions based on intuitive experience as well as logic.

The judgment processing system uses a learning process to capture and replicate decision-making. Release 19.0 reduces the times taken for customizing the system by 30% to 40%, according to the vendor.

The system costs $150,000 and up.

FSIC Marketing

Multipurpose Tool

FSIC Associates Inc., North Andover, Mass., released a multifaceted PC-based system, called Profit Finder, to handle such tasks as cost accounting, profit planning, and organizational restructuring. In addition to acting as an on-line financial information data base for ad hoc cost estimates, the system helps with financial planning and restructuring. Future scenarios, such as pricing, product mix, and cost-reduction strategies, can be tested.

The software breaks up the bank into products or business units.

The software highlights each cost and revenue component as a function of its gross operating margin to find where the key sources of strength and weakness are at each level. It also provides numerous performance indexes such as return on assets/capital/revenue, breakeven revenue, employee productivity, and can assign any type of transfer pricing (matched funding, marginal cost of funds).

All information can be downloaded from any host computer with a menu-driven interface. Depending on the size of the bank, the system costs $12,000 to $22,000.

New Processor

Speeds Imaging

Recognition International Inc. released an image document processing system and a companion upgrade kit. The Trace 2000 system processes up to 2,400 check-sized documents per minute. It can read documents both optically and magnetically and then compare the results.

Dallas-based Recognition International is a supplier of document recognition systems, image and workflow software, and related services.

The company also enhanced its check encoding system, with increasing maximum processing speed to 1,000 documents per minute.

The system's encoding capacity has also been increased from 450 to 600 documents per minute.

Pathways Retools

Loan Software

Pathways Software Inc. introduced a new version of its LoanPlus software designed to speed up credit analysis. Using neural network technology, the software identifies aspects of the loan application that either need further clarification or seem inconsistent. It does this by comparing the profile of a current loan application with those of past loan customers.

The software sells for $4,995 and runs in a Windows environment.

Pathways Software is based in Colorado Springs, Colo.

CCS Package

Tracks Card Usage

CCS Technology Group, a provider of software to manage revolving credit accounts, has developed the Vision21 Bankcard Management System. The software allows users to Perform targeted segmentation of their customer bases.

By tracking individual transactions, a customer's propensity to buy is revealed, providing banks with marketing information and likely candidates for other fee-in-come products. Banks can offer different types of credit (such as standard revolving, major purchase plan, and travel and entertainment), with flexible credit terms and even varying interest rates all within the same account.

CCS Technology win release the system early next year, and it will run on an IBM mainframe.

CCS Technology is based in Maitland, Fla.

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