InRule^® for Banking and Financial Services

Because InRule can be called in process or as a service, decision logic can be shared across applications and platforms, ensuring consistent decision-making. And because subject matter experts like risk analsyts can author and update rules and calculations, maintenance costs are lowered and new business logic deployed more quickly.

InRule automates and manages decision logic in Banking and Financial Services applications, including:

• Anti-Money Laundering
• Compliance
• Fraud Management
• Risk Rating

• Loan Origination and Loan Processing
• Trading
• Underwriting
• Due Diligence

BASEL II and Risk Rating Scorecards

A top U.S. Bank/Brokerage firm, with assets of more than $700B had more than 50 Excel-based scorecards for rating and risk management. While the Risk Managers loved the ability to change the spreadsheets themselves, BASEL II compliance was difficult and the spreadsheets were expensive and difficult to maintain across the enterprise. The Bank decided to solve the problem by replacing the spreadsheets with centrally maintained web applications. While this solution did enable compliance and central control, all logic changes had to be made through IT. Because Risk Managers could not update the logic, a three-month almost immediately appeared.

InRule-powered applications have now replaced Excel-based scorecards, delivering the following benefits:

• Helps ensure compliance
• Reduces maintenance costs
• Improves agility

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Loan Origination

Founded in 1980, MortgageFlex Systems, Inc., USA, Jacksonville, Florida, is a leading provider of innovative software and systems solutions for the lending industry. The LoanQuest product platform includes Point of Sale access, a full-featured LOS, an advanced Secondary Marketing system, and a web-based Servicing and REO system.

MortgageFlex embeds InRule in its LoanQuest .NET to allow MortgageFlex and its customers to change business logic.

According to MortgageFlex CEO Lester Dominick, “InRule contains all the necessary elements to provide decision makers with flexible applications that can be altered to reflect changing business requirements. Our customers have complete control over the rules and logic of their products, making counter-cyclical benefits available during lean origination periods to both small and large companies.”
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Due Diligence

MDMC, a national mortgage loan analysis firm that provides due diligence and agency delivery services to companies throughout the country (acquired by OPUS Capital), used InRule to put the process of automating complex decision logic in the hands of MDMC business managers. Read More

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Try it yourself

Download the software. It's simple to install and you can try the example applications including a simple rate calculation program.