Delta Funding Corp., a unit of Delta Financial Corp., has finished beta-testing the latest version of Fiserv Inc.'s Unifi Pro origination system, and will begin using it to make loans this month.
By October, Delta plans to have its new system rolled out to its 1,200 employees, 1,400 brokers, and 15 retail branches.
The latest version of Unifi incorporates risk-based pricing and credit scoring.
It also lets users customize their screens, work flows, and event triggers.
Hugh Miller, president and chief executive officer of Delta Funding, said the company would be able to reduce its origination costs by 10% next year by using Fiserv's software.