Frequently Asked Questions

Who is Lexrule?

One of the core issues faced by financial institutions in commercial loan processing is the achievement of balanced risk and margin ratios in their commercial loan portfolios. Lexrule Corporation was founded with the vision of developing a cost-effective, technically superior enterprise software solution to assist credit managers, portfolio managers, underwriters, analysts, and others in the automation of their current credit processes and enhance risk-adjusted profitability, thereby increasing profit margins and customer satisfaction. Lexrule developed RADAS™. RADAS™ is a turn-key software solution designed specifically for commercial loan decisioning and commercial real estate decisioning.
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What will RADAS™ do for me that other systems won't?

RADAS™ produces a quick ROI. In as little as 3 months based on industry standards, by increasing efficiency and volume while reducing market costs and overhead. Install RADAS™ today and use it tomorrow, guaranteed. No additional hardware or IT resources are necessary. RADAS™ allows you to select and modify your risk appetite and criteria instantly for better, more consistent decision making abilities and a consistent lending policy with instant access to reports. RADAS™ also provides bureau and spread analysis based on your loan thresholds, all in the same application. RADAS™ comes with built-in API's for real-time contact database information and scores at a fraction of the time and cost of normal processing, so borrowers receive their answers quickly and with complete explanations. RADAS™ provides better customer service because of the 6-second, one-click decisioning with consistent answers you can provide your customers, giving you an advantage over your competition. RADAS™ provides automated reports for balance sheets, operating statements, ratios, cash flow and reconciliation, debt service coverage and covenants. RADAS™ also provides automated credit risk analysis, company and individual spread and trend analysis, collateral analysis, source of usage cash flow and industry variance analysis using RMA data or your own. RADAS™ creates intelligent feedback of global credit risks and allows you to analyze customer segmentation from one central repository.
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How will RADAS™ cut costs and improve service?

Given their more complex nature and extensive data requirements, commercial loans require more human review. Since RADAS™ automates the credit approval workflow; RADAS™ reduces the amount of time your staff will typically spend on spreading and making decisions for both personal and business underwriting. You can cut labor costs, boost productivity and enhance customer service. With the RADAS™ "global" debt service coverage feature, decisions can be made and verified by committee members in a matter of hours. RADAS™ reduces waiting periods so your customers can get the funding they need when they need it.
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How does RADAS™ affect my capital expenditures?

RADAS™ helps you to decide on 100% of the loans with or without a spread. Thus, you can process more loan applications in less time with fewer analysts. Each decision comes complete with a Red Flag Report that breaks down the risks. RADAS™ allows you to perform collateral analysis and to override the system's decision. Since RADAS™ is a state-of-the-art application; it will not require any changes to current hardware, software or existing infrastructure. It can be used stand-alone or with current network environments. Administrators can set and modify credit policy, credit risk and collateral analysis as well as increase or decrease credit appetite thresholds in seconds to compare with your current portfolio.
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What role does RADAS™ play in complete Customer Relationship Management?

With "global" debt service coverage sensitivity analysis, you can increase or decrease loan amounts instantly, so you will not lose customers. RADAS™ creates one central repository that enables analysis of industry segments, customer segments, and profit segments and for customer retention and the expansion of new products. RADAS™ allows a smooth interface with existing CRM tools, or it can stand alone as its own CRM tool. And because of its ability to provide customer segmentation from a single source, you can improve marketing strategies by targeting customer needs directly and efficiently.
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Are operations reports available?

RADAS™ enables two sets of reports: administrative reports and analyst reports. Analyst reports consist of borrower financial analysis, guarantor financial analysis, global debt service coverage, individual and business combined view, red flag, collateral, and covenant. Administrators have access to analyst reports and administrative reports consisting of loan origination, loan closing, loan approved, loan denied, loan override, risk threshold, collateral threshold, analyst performance, industry variance and portfolio comparisons.
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