Superior Bank FSB to Expand Use of Capstone Decision Manager to Power Auto Loan Decisioning
19 September 2000
Superior Bank FSB to Expand Use of Capstone Decision Manager to Power Auto Loan Decisioning
SAN DIEGO--Sept. 19, 2000--Superior Bank FSB's Auto Division, a leader in the non-prime automobile lending market, will automate the decisioning for its car loan offerings with Capstone(TM) Decision Manager from HNC Financial Solutions, a division of HNC Software Inc. .Superior Bank FSB has chosen to expand its use of Capstone Decision Manager after successfully employing the system for the last two years to automate the mortgage lending decision processes in Superior's sub-prime wholesale mortgage division, Alliance Funding.
"Capstone Decision Manager has served us well in the non-conforming mortgage realm, and we look forward to continuing its use to automatically decision our auto loan products," said Craig Nazzaro, Superior Bank's senior vice president and chief credit officer. "Capstone Decision Manager will continue to be our platform of choice as we expand our loan business, increase our volumes, and explore new product delivery channels such as the Internet."
Designed with a scalable client/server architecture, Capstone Decision Manager is capable of improving the efficiency, accuracy, and consistency of the consumer lending process. The system enables lenders to incorporate user-defined rules, traditional scorecards, and predictive software models to automate the approval process for loans, provide a customized decision support platform to assist underwriters, and manage the workflow for processing loan applications.
"With Capstone Decision Manager's flexible decision logic, our credit risk management personnel can easily configure credit classifications, products, calculations, rules, and rules bases as required," said Ed Alverez, Superior Bank's senior vice president and chief operations officer. "This capability has allowed us to provide prompt service to our direct customers and our broker and banker customers."
"Superior Bank has been at the forefront of identifying consumer finance needs by employing the latest technology and innovative lending and servicing techniques," said Michelle Macartney, group vice president of Global Solutions Delivery for HNC Financial Solutions. "We're pleased that Superior Bank has elected to continue its relationship with HNC by automating its auto loan decisioning with Capstone Decision Manager. Its selection validates Capstone's abilities in the auto lending segment within consumer lending."
About Superior Bank FSB
Superior Bank FSB's Auto Division specializes in non-prime financing for new and used cars throughout the United States. The company operates nationally in over 34 states with a credit staff serving more than 2,000 independent and franchised automobile dealerships throughout five sales regions. Superior Bank FSB is a wholly-owned subsidiary of Coast-To-Coast Financial Corp.
About HNC Financial Solutions
HNC Financial Solutions is a leader in the development of intelligent customer value management software solutions for the financial services and e-commerce industries. Its powerful suite of real-time decision platforms and predictive business solutions allows firms to automate new account decisioning, optimize marketing efforts, detect fraud, predict profitability, and manage the customer lifecycle. HNC Financial Solutions supports this suite of solutions with a full range of consulting services.
About HNC Software Inc.
Headquartered in San Diego, HNC Software Inc. is a leading provider of predictive software solutions for the financial, insurance, telecommunications, and e-commerce service industries. HNC's suite of predictive software solutions can provide real-time insight into customer relationships based on transaction-level data, helping companies manage their relationships with individual customers.
By accurately predicting customer behaviors, these companies can create initiatives to mitigate risk and attrition; improve customer service; develop marketing programs to enhance profitability; and detect fraudulent customer transactions.
For more information, visit HNC's Web site at www.hnc.com or contact Melinda Bateman, HNC Software Inc., 5935 Cornerstone Court West, San Diego, CA 92121, 858/799-3880. For the investor relations hotline, call 800/396-8052.
Cautions About Forward-Looking Statements. This press release contains forward-looking statements about events and circumstances that have not yet occurred. For example, words such as "expects," "believes" or other statements in the future tense are forward-looking statements. Actual outcomes and results may significantly differ from expectations in this press release due to a number of risks and uncertainties about the future. Such risks and uncertainties include, without limitation, whether HNC will be able to successfully market their separate and combined product and service offerings to customers and the impact of competitive products and services.