Metropolitan uses Cybertek package.

Metropolitan Federal Bank of Edina, Minn., is using an automated loan underwriting system created using Cybertek-Cogensys judgment processing software.

Metropolitan is currently using the system to automatically underwrite and approve loans with equity of less than 70%. The goal is to automatically underwrite 65% to 70% of total loan volume.

The judgment processing software captures and emulates decision-making of experts and is being used in financial applications such as mortgage origination underwriting, insurance underwriting, insurance underwriting, consumer lending, credit card issuance, and life insurance underwriting. Cybertek-Cogensys Corp. is a wholly owned subsidiary of Dallas-based Cybertek Corp.

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