Edgeware Analytics, a provider of profitability tools for small business lenders, has announced that Signature Bank of Georgia is relying on the ScoreEdge small business loan decision model to improve origination decision accuracy.
ScoreEdge is an online, real-time decision tool that provides greater insight into the risk of loan approvals. Edgeware Analytics developed the statistical model by analyzing hundreds of thousands of SBA and conventional loans and their subsequent performance. ScoreEdge examines the same application time data available to the loan officer and returns a three digit score that helps predict the loan’s future performance.
Dan Shoham, chief executive officer of Edgeware Analytics, said: Signature Bank of Georgia has proven with its rapid growth that it is a leading small business lender. We are proud that Signature Bank has deployed ScoreEdge into their origination processes.