Decipher Credit's Automated Loan Approval

Validis has partnered with Decipher Credit, a leading loan origination and underwriting platform, to simplify the loan approval process for small and medium-sized enterprises (SMEs). This collaboration enables commercial lenders to instantly access borrowers' real-time financial data through the Decipher Credit platform, eliminating the need for manual data collection.

By integrating Validis' technology, lenders can now obtain a comprehensive financial picture of an SME in seconds, including:

- Balance sheets

- Profit and loss (P&L) statements

- Accounts receivable and payable

- Inventory data

This partnership leverages the strengths of both companies – Validis' ability to connect to a wide range of accounting packages and standardize complex financial information, and Decipher Credit's expertise in loan origination and underwriting.

Raul Velarde, CEO of Decipher Credit, stated, "Obtaining real-time financial information is a common challenge for commercial lenders. We are excited to give lenders a better financial picture of their clients at the point of application, improving the client experience, increasing the speed of approval, and helping SMEs get faster access to capital."

Michael Turner, CEO of Validis, added, "Lenders today want more automation and efficiency. Our partnership with Decipher Credit gives commercial lenders the ability to access complex financial data analysis instantly, enabling them to make faster lending decisions."

This collaboration showcases Validis' commitment to providing innovative solutions that help lenders make better-informed decisions and improve the loan approval process for SMEs.

Our Opinion:

Validis' real-time access to standardized financial data from various accounting packages enhances decision-making. The collaboration exemplifies the power of specialized technology ecosystems. Instant access to key data points enables quicker, more informed credit decisions. The partnership effectively addresses industry challenges, improving efficiency and client experiences.

1-Minute Video: 4 Ways To Do Business Search

1 Slow and Tedious and 3 Super Fast and Automatic!

Headlines You Don’t Want to Miss

ARC Home Rebrands, Simplifies Non-QM Lending with Proprietary Tech

ARC Home has rebranded to highlight its commitment to simplifying non-QM lending through proprietary technology and exceptional service. The company's managed portfolio is expected to exceed $1 billion, and its innovative tech streamlines the mortgage process for clients and investors.

CFPB Fines Lambda School $250k, Bans ISAs for Misleading Students

The CFPB penalized Lambda School $250k and prohibited it from offering ISAs for five years due to misleading job placement rates and ISA terms. This severe punishment emphasizes the importance of educational institutions providing accurate marketing materials and transparent ISA conditions to students.

Regional U.S. Banks Fill Fossil Fuel Lending Gap, Face Risks

Regional U.S. banks have significantly increased lending to oil and gas projects in 2020, filling the void left by global banks divesting due to environmental concerns. Although financially strong, these banks may face environmental and reputational risks, while benefiting from regulatory relief under the Trump administration.