![]() ![]() This enables them to say “yes” to borrowers more often and faster. Our clients across banks, credit unions, fintech, and other lenders use the platform to constantly improve the quality of underwriting decisions. Over 150 years of credit experience is embedded in Scienaptic's AI native credit decision platform. Scienaptic is on a mission to increase credit availability by transforming technology used in credit decisioning. Their mission to make home improvement easier on everyone is demonstrated in their dedicated support teams, robust digital tools, and programs to help homeowners with all types of credit. Based in Missouri, FTL works with thousands of hardworking contractors across the country to grow their businesses and increase sales. Since 1996, FTL Finance has specialized in financing for residential HVAC and other home improvement projects. We look forward to seeing FTL’s continued growth and success.” “Through our AI-powered credit decisioning platform, FTL will be able to reach more borrowers, increase average loan size while reducing losses, and grow its portfolio. "We are very pleased to help FTL Finance streamline and support the credit and financing needs of its customers for vital home repairs and improvements,” Pankaj Jain, President of Scienaptic. Interest rates depend on the term that you choose and will not change. This is a great option when you want to know exactly what your monthly payment will be and how long you’ll be paying for. The installment loan offers fixed terms and a fixed interest rate. “The AI-powered credit decisioning will not only allow us to provide better consumer financing products for our customers but also reach more qualified borrowers and underserved markets, all while effectively managing our risk.” FTL Finance offers an HVAC installment loan for air conditioners, heat pumps and more. "We’re excited to begin fully leveraging Scienaptic's platform,” Todd Grzybinski, President of FTL Finance. It also augments FTL's ability to pre-approve their lowest risk customers for larger loans than originally requested (up to 2x in many cases), providing those customers with extra purchasing power when making important home improvements. By implementing the Scienaptic platform, FTL expects to see a 10% reduction in losses at the same approval rates. The implementation will enable the company to make better, stronger credit decisioning for its borrowers through next-generation, transformative technology powered by AI to support both contractors’ and homeowners’ financing needs for repairs and remodeling.įTL Finance helps makes home improvement financing hassle-free, providing contractors the tools to grow their businesses while giving homeowners the resources they need to complete much-needed remodels and repairs. Leading AI-powered credit decisioning disruptor, Scienaptic today announced that home improvement lender, FTL Finance has completed implementation and is now live on its platform. ![]()
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