BROOKFIELD, Wis. — Fiserv announced this morning that it has launched enhanced risk management capabilities in its next-generation Automotive Loan Origination System.

Basically, the enhanced program is designed to empower auto lenders to provide fast, consistent customer credit decisions.

"We have incorporated business rules management technology into the software to reduce operational risk for automotive loan and lease originations," explained Kevin Collins, president of originations and automotive solutions at Fiserv.

"Using rules-managed workflow streamlines tasks, assures credit policy enforcement and tracks exceptions throughout the life cycle of the credit application. This enables lenders to make more informed credit decision," he continued.

According to the company, the risk management component of the Automotive Loan Origination System can rapidly process electronic dealer ePortal credit requests through its integration to a number of application networks.

This capability can minimize credit portfolio risk exposure for both dealers and lending organizations, officials pointed out.

The system also provides:

—Optimized risk-to-price applicant profiles.

—Application acceptance, routing and queuing.

—Automated credit policy and process compliance.

—Comprehensive exception processing and audit controls.

—Normalized credit bureau views, reducing analyst interpretations and decision errors.

—Dynamic debt-to-income risk exposure assessment.

—High-risk assessment and workflow management.

—Total loan and lease exposure analysis.

Finally, officials said the Automotive Loan Origination System includes credit and funding components that fully automate the process from capturing credit applications and decisioning credit requests through booking contracts on the account servicing system. They said this is part of the Fiserv core competency in processing services.