United Companies Financial Corp., a major national subprime lender, is spending heavily on computer technology in the hope that it will enable the company to fatten profits by snaring better credits more consistently.

Its new software is designed to drive down costs and drive up profits by allowing United Companies to be as paperless as possible when underwriting and servicing home equity loans to borrowers with blemished credit records.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.