DecisionLender4 Features

DecisionLender4

Loan origination system

4.86/5 (7 reviews)

DecisionLender4 Feature Summary

  • SSAE 16 SOC 1 & SOC 2 auditing standards
  • Application notification
  • Password security
  • Email notifications
  • Data storage
  • Optional automatic approval
  • Work queue
  • Approval status
  • Automated response
  • Archive files
  • Pre-screening rules
  • Underwriting summary
  • Relevant calculations
  • Debt-to-income
  • Loan-to-value
  • Interest rate tables
  • Automatic calculations
  • Credit report and loan ratios
  • Tradeline edit functions
  • Counter offers
  • Modify payment amounts and interest rates
  • Customized action letters
  • Letter templates with standard ECOA
  • Branding
  • Create PDF for printing
  • Automate letter generation
  • Automatically calculate dealer reserves
  • Real-time reports
  • Financial calculation analysis and verification
  • Compliance
  • Custom reports
  • Audit trail
  • Closing documents
  • Customer database
  • Loan processing
  • Loan submission control

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Competitor Feature Comparison

DecisionLender4 Feature Reviews

6 reviewers had the following to say about DecisionLender4's features:

Lacey Mack

Every interaction that we have ever had with the team at TCI has been positive. They are so helpful.

2017-05-02

We're also able to keep a good touch on every level because the reporting functionalities are so superior.

Pros

We have also found the reporting capabilities to be far beyond comparison of other products that we have used.

Cons

If I had to choose one thing that I don't like right now, I would have to say it would be the process to make changes to rules, however; we're currently looking at upgrading to Decision Lender 4, which will allow us to make the changes within minutes and really elevate our lending products.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Darlene Dolak

TCI's integration w/ Dealer Track & Route One has helped us increase applications & book loans

2016-09-19

TCI helped to facilitate a visit with one user so we could see first hand how the software works and the integration with our core system.

Pros

The integration with Symitar, Dealer Track and Route One.

Cons

Decision Lender 3.5 does not allow system counters or underwriting adjustments on the fly. To have these features we will need to upgrade to 4.0.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

10/10

Recommendations to others considering DecisionLender4

If you have the option of signing up with Decision Lender 4.0 from the beginning do it.

Source: Capterra
Helpful?   Yes   No
Read more
Lori Ernst

Indirect Software

2016-09-27

We could not have processed an average of over 1000 applications per month (in a timely manner with existing staff) if we did not have this software.

Pros

Intuitive and great workflow. Easy to use and train.

Cons

Indirect is a "time game", so it is difficult when this happens.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Joseph McGuire

TCI Decision Lender

2016-09-19

Very responsive sales and support staff. Product is intuitive to use and quick learn. Ample job aids are provided.

Pros

Easily customizable to clients needs.

Cons

Learning curve of new presentation format and navigating change of something new. Calibrating values of various fields with in software is a minor challenge.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

9/10

Recommendations to others considering DecisionLender4

Very responsive sales and support staff. Product is intuitive to use and quick learn. Ample job aids are provided. Common sense orientation. Structured fro industry specific needs of auto finance. Easily customizable to clients needs.Learning curve of new presentation format and navigating change of something new. Calibrating values of various fields with in software is a minor challenge.

Source: Capterra
Helpful?   Yes   No
Read more
Blake Cox

Good Experience

2018-11-08

We were able to automate processes we have never been able to do before from document selection, automate rate adjustments, auto counter offers and more!

Pros

The software is highly configurable and does a lot more than any other platform we have used at our Credit Union.

Cons

Highly recommend you take the administrators course so you can learn all that it can do!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Dan Picard

Great Indirect Lending Link!

2016-09-19

I have been using this software for a few years. As a small indirect lending in Boston needing occasional assistance, they are great at keeping our products live!

Pros

Easy to use and make decisions

Cons

Nothing that I have noticed!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more