Chapter 28: MyDecisionNow
IN THIS LESSON
NOTE: This software platform must always be positioned and sold outside of Equifax products, as they have had a similar platform in production. This platform was developed as a joint venture between Confluent Strategies and Syntropy Group (as of 9-5-23).
What is MyDecisionNow?
MyDecisionNow (MDN) currently offers fully automated loan approval through its decision management platform and one-off online prequalification setup.
MDN decision management platform
Many lenders have limited decision capabilities and are forced to compromise on criteria, consistency, and execution. MyDecisionNow (MDN) is a powerful, flexible decision management platform that allows lenders to make sound credit decisions and product offers instantly according to their specific credit policy, anywhere their consumers want to apply.
MyDecisionNow equips lenders to meet consumers where they are. Best of all, MyDecisionNow is easy and quick to deploy; lenders can be up and running on their automated platform in a matter of weeks with minimal up-front investment.
When: MyDecisionNow returns your decision immediately—allowing you to stay competitive and remain completely focused on closing the sale.
Where: MyDecisionNow can be accessed from anywhere you’d like your consumers to apply! Whether in a branch, on your website, mobile app, or online banking, MDN works anywhere you need it to.
How: MyDecisionNow is a robust and flexible platform allowing you to quickly and easily configure a new decision policy or leverage your existing decision policy.
MDN online prequalification
Outside of its decisioning platform, MDN also offers online prequalification as a one-off solution with easy setup that can integrates with any website platform. This is a great option for small to mid-sized FIs, especially consumer finance companies, that want to modern their front-end but don’t have the decisioning tools or IT staff to support it.
Marketing materials, presentation decks, and proposal forms are available on Sales Hub.