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Monetrics Releases New Collateral Evaluation Module

February 14, 2003

Monetrics, Inc., a decision technology company, on Feb. 12 announced the launch of its Collateral Valuation Module™ (CVM). This new product is part of a roll-out of new "modular” solutions. These modules have been bundled by Monetrics to provide complete risk solutions. The CVM has been made available as either a Monetrics-hosted service or as a fully-licensed, client-hosted module.

About The Collateral Valuation Module

According to the company, the Collateral Valuation Module is a fully-automated product that will provide vehicle values on 100 percent of all credit applications, collections segmentations and portfolio reviews using the major vehicle valuation sources. “No hits” are eliminated when looking up vehicle values, because the CVM estimates bracket values with as little information as year, make and model, with the additional ability to update final values at closing for comparative analysis.

“We are pleased to provide our Collateral Valuation Module as a stand-alone product.” said Monetrics’ President and CEO, David Larson. “With the CVM, lenders can now automatically decision significantly higher numbers of applications without having to repeatedly contact the dealer for additional information based upon lender defined parameters.” As a result, automated productivity is increased across the board from originations to funding and collections, according to the company.

The company says the Monetrics Collateral Valuation Module provides a complete set of features distinguishing it from other valuation tools on the market. Values are provided using the latest information from every major source of published vehicle values. The CVM updates value data as new issues are released from each publisher, eliminating the need for clients to maintain publications in-house. Valuations may be refined to include region as well as vehicle and dealer group. Mr. Larson went on to say; “Our new product offers a one-of-a-kind functionality, reducing both labor and processing costs dramatically.” Valuations may be stored and downloaded for future analysis to measure the effectiveness of valuation methodologies over time.

About Monetrics Decision Engine™ Technology

Monetrics says it continues to offer clients a suite of products powered by the Monetrics Decision Engine technology. Two total solutions; the Credit Decisioning Solution and Collections Solution, address both origination and loss exposure instantly and automatically. The breakthrough software configures entire loan or lease transactions, including assigning rates, caps, advances and stipulations. The Credit Decisioning System replicates human decisions involved in underwriting prime to sub-prime automobile loans and leases. Driven by the Monetrics Decision Engine technology, it evaluates customer risk profiles, while completely replicating the credit underwriting process using patent pending relational technology in ways never done before. The Collections Solution gathers large amounts of data about delinquent accounts and enables clients to optimize account management by correctly identifying high-risk accounts.

About Monetrics

Headquartered in Beverly, MA, Monetrics, Inc. ( is a developer of decision technology and decision support systems for the automotive finance industry. Using its Monetrics Decision Engine technology, the suite of products permits clients to evaluate and analyze multiple risk factors in all decision making instances, helping to better evaluate the borrower’s total default risk.

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