FOR IMMEDIATE RELEASE
SAN DIEGO, California -- July 25, 2005 --
Edgeware Analytics, an innovative provider of decision tools
for small business lenders, has announced the release of ScoreEdge small
business loan decision model.
ScoreEdge is an on-line, real-time decision tool which
delivers lenders more accurate approvals of small business loans. Edgeware Analytics developed the
statistical model by analyzing thousands of small business loan applications and
their subsequent performance. The
loans came from across the United States and a wide spectrum of industries. ScoreEdge has been proven effective on
conventional and government guaranteed loans alike.
“Small business lending is an increasingly competitive market
and lenders are constantly seeking ways for more accurate risk measurement,”
said Dan Shoham, Chief Executive Officer of Edgeware Analytics. “In developing ScoreEdge, we let the
data do the talking. By analyzing
thousands of actual small business
loan applications and their subsequent performance, we identified the most
predictive elements. ScoreEdge
summarizes this learning in an easy to understand score. Lenders are then better armed to make
more informed decision when it matters most: application time.”
Users access ScoreEdge through a secure website and pay on a
per-score-basis - - avoiding the need for expensive software and annual
maintenance fees. When combined
with a lender’s current underwriting procedures, ScoreEdge, an empirical model,
measurably improves the accuracy of small business credit approvals.
ScoreEdge
is now available through Edgeware Analytics and its partners. For more information visit: http://www.edgewareanalytics.com/
or 888-672-6730.
About Edgeware Analytics, Inc.
Edgeware Analytics is an innovative provider of generic and customized decision tools to lenders. Edgeware combines expertise in statistical modeling and credit evaluation to create profit-enhancing predictive models. Used by national lenders and community banks alike, Edgeware’s ScoreEdge product, works in conjunction with a lender’s established underwriting procedures to measurably improve the accuracy of small business credit approvals. Additional information can be found at: http://www.edgewareanalytics.com/.