1st National Bank of Arizona pilots customized assetwise.

Position:Tech Newz

GMAC RESIDENTIAL FUNDING CORPORATION (GMAC-RFC), Minneapolis, has announced results of a pilot program involving a customized version of its Assetwise[SM] decision engine. According to the report, the 1st National Bank of Arizona, an alternative-A lender, used the Web-based solution to increase its monthly loan volume from $200 million to $300 million between March 2002 and August 2002. According to both companies, the customized Assetwise solution, which has been named AVENUE[TM] by the bank, was a key driver in the fast, sustained growth.

"Our client crafted a smart and aggressive growth strategy that included a forward-thinking e-business plan and leveraged a customized version of Assetwise," said Dan Bettenburg, executive vice president of e-commerce and business technology for GMAC-RFC. "The results were even better than we hoped. We're extremely pleased to see our Assetwise decisioning technology contribute to such a great success story"

"The implementation was quick and smooth, and the results have been terrific," said Jeff Walton, president of...

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