Abrigo leverages trusted technology partners to generate even greater functionality within our market-leading lending, credit, portfolio risk and financial crime solutions. Integrating with these leading technology partners and solutions provides you a better user experience, a faster process, and a more comprehensive solution.
Charm Solutions
Abrigo has partnered with Charm Solutions to offer a seamless AI powered SMB lending decision engine that is embedded into the Abrigo loan origination platform and provides real-time scorecards which include a loan risk rating score, probability of default, and details of how the score was calculated.
Overview
Abrigo has partnered with Charm Solutions to offer a seamless AI powered SMB lending decision engine that is embedded into the Abrigo loan origination platform and provides real-time scorecards which include a loan risk rating score, probability of default, and details of how the score was calculated. Using Charm’s dynamic models along with existing processes, institutions can improve their decision-making by incorporating an array of data sources and leveraging analytics to gain actionable insights.
Features
Credit Underwriting Audit
The credit underwriting audit will evaluate your current portfolio using Charm Scores to identify small and medium-sized business (SMB) loans that have higher risks. The scores will then be used to set minimum thresholds (‘floor’ cutoffs) that help spot risky loans when they are acquired. At the same time, loans will be categorized for exceptional performance and cross-selling opportunities.
Charm Score
Identifying additional loans for approval from the pool of declined applications by leveraging the Charm score.
Portfolio Audit
Improving the bank’s portfolio health and future growth through a detailed analysis of the portfolio and acquisition assessments. The audit will identify strategic adjustments to the credit policy, with a primary goal of mitigating losses and increasing the potential for loan approvals.
