Glossary entry
Straight-through processing (STP)
Applications that move from submission to decision without any human touchpoint.
Category
Lending technology
Definition
What counts as true STP
- Complete data capture and validation
- Automated verification (IDV, income, bureau, etc.)
- Rules-based decision rendered by the system
- No human review, validation, or approval click
Why it matters
Higher STP rates reduce cost-to-serve and dramatically improve time-to-decision.
Related terms
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