Founded in 1999, California-based Commerce
Velocity engineers web-based applications for the mortgage banking industry
that completely automate the decisioning and underwriting process that a loan
officer, broker or underwriter would normally follow. The solution enables
lenders to analyze current, past and potential future decisioning and
underwriting rules, and to use this information as a form of business
intelligence to continuously improve lending operations.
Commerce Velocity’s core competency is in complex
nonconforming credit decisioning, pricing/product decisioning, and automated
underwriting for the non-prime wholesale and retail and lending channels.
The company’s solution increases productivity, profitability and risk management
through the automation of the lending process from intelligent lead
distribution and management, pricing and pre-qualification, application
processing, credit management, automated underwriting to fulfillment.
Commerce Velocity is privately held with 130
employees in multiple offices.
com ines three powerful decisioning modules from our CQ Decision Suite- CQ Qualifier, CQ Credit Manager, CQ Underwriter - into
our new CQ BrokerConnect portal. The result is a robust wholesale lending
solution that establishes broker loyalty, reduces costs, and facilitates steady
growth. The solution provides brokers with the necessary credit and decisioning
information to qualify prospective borrowers instantly over the phone for
"best-fit" products and pricing complete with conditions, exceptions
determination of "best-fit" products & pricing at the POS
- Dramatically reduces
loan origination costs and overhead
- Closes more loans
faster at the point-of-sale
CQRetailConnect is a seamlessly integrated, "best-of-breed"
lending solutionthat completely automates
the retail workflow process at the point-of-sale from application through
credit management, product and pricing determination, and AU decisioning to
fulfillment for retail loan officers. It empowers with the necessary
point-of-sale decisioning that enables them to instantly build an accurate
credit profile, offer "best fit" products and pricing with side-by-side
program comparisons, receive AU 'approvals,' near misses, conditions, and
- Supports inbound
& outbound lead management with automated distribution to multiple
seamlessly with 3rd party vendors such as LOS, Credit, Document Imaging,
& AVM providers
- Provides instant
determination of "best-fit" products/pricing at the POS based on
- Manages borrowers'
debt by allowing individual trade lines to be paid off or paid down
We offer a full suite of application
management services that include:
- Technology Road Mapping
- Proof of Concept and Prototyping
- Full Lifecycle Development and Deployment
- Packaged Software Implementation and Integration
- Ongoing Support and Maintenance
- Production Support.
Commerce Velocity India Pvt. Ltd.
159, 9th Main, 3rd Block,
Jayanagar, Bangalore 11,
Voice: +91 (80) 5119 0965
Data: +91 (80) 2657 5945