Monetrics, Inc., a finance decision technology company, has announced a new venture with World Omni Financial Corp. World Omni says it will be adopting Monetrics’ Credit Module, powered by Decision Engine technology. The Credit Module will automate World Omni’s underwriting process, from evaluation of customer risk profiles to assignment of rates and stipulations.
“We are pleased to provide this technology for World Omni,” said David Larson, Monetrics president and CEO. “Working with this prominent company not only increases our visibility, but is also a testament to the ease, adaptability and benefits of our product.”
“We view this alliance with Monetrics as an integral part of our future success,” said Brent Burns, World Omni president. “With the implementation of Monetrics’ Credit Module, we hope to not only substantially increase our business, but also bring in third-party business. Monetrics brings the best solution to the table, giving us the flexibility to introduce a strong, risk-based pricing strategy and automate counter offers, thereby reducing the number of rehashes we see. This will also afford us the consistency we need to compete in a marketplace that demands speed.”
Monetrics says their Credit Module provides a complete solution to automate decision and account management. By identifying key factors as positive, negative or neutral, the product allows users to apply attributes, as needed, and mirror the traditional, human decision and evaluation process.
About Monetrics, Inc.
Headquartered in Beverly, MA, Monetrics, Inc. (www.monetrics.com) is a developer of decision technology and decision support systems for the financial services industry. Using its Decision Engine technology, Monetrics’ Collections Module permits clients to evaluate and analyze multiple risk factors in the collection of delinquent accounts to evaluate the borrower’s total default risk.
Credit Module, also driven by Decision Engine technology, evaluates customer risk profiles, while replicating the credit underwriting process.
About World Omni Financial Corp.
World Omni Financial Corp. (www.worldomni.com) headquartered in Deerfield Beach, FL, is an automotive finance company. In addition to a portfolio of consumer motor vehicle sales financing and leasing, World Omni provides auto dealerships with financial services necessary to finance automotive endeavors such as vehicle inventory, and loans for capital improvements, expansion and new acquisitions.
World Omni is a subsidiary of diversified automotive company JM Family Enterprises, Inc.
