Loan Origination System

A Loan Origination System (LOS) automates and streamlines the loan application, approval, and processing workflow, aiming to improve efficiency, accuracy, and compliance while providing a better experience for both lenders and borrowers.

A software platform that helps to manage the entire process of loan origination, from application submission to approval and disbursement. LOS is widely used by financial institutions, banks, credit unions, and mortgage lenders to unify their lending operations and boost productivity.

Loan Management System

A Loan Management System helps organizations to automate and optimize their loan processes, reducing manual efforts, minimizing errors, and improving overall efficiency in loan servicing and administration. A software solution servicing from loan disbursement to loan closing, covering the entire loan life cycle.

Loan Management Solution (LMS) offers configurable product rule engine consisting of Limit Framework, Rules, Appropriation Policy, Interest & Changes Structure etc. LMS is utilized by financial institutions, credit unions, and other lending organizations to efficiently manage their loan portfolios.

Loan Application Processing

Customizable forms to collect essential information from Applicants. Allows borrowers to submit loan applications through a user-friendly customer mobile app.

• Application Processing
• User Friendly Interface
• Document Management

Credit Scoring and Risk Assessment

Obtain the borrower’s credit report from credit bureaus to assess their credit history and evaluate the creditworthiness. Assign a credit score based on the borrower’s financial history, which helps in decision-making. The user can assess and quantify the risk associated with each loan.

• Credit Scoring
• Automated Underwriting
• Integration With Credit Bureaus For Credit Reports
• Approval Criteria
• Credit Risk Management

Workflow Automation

The digital lending platform automates the entire loan process, covering customer onboarding, creditworthiness assessment, and automatic loan disbursement. This end-to-end automation streamlines operations and reduces manual intervention.

• Automated Workflows
• Decision Rules Engine
• Task Management
• Automated Decision

Loan Approval and Disbursement

System imparts automated loan approval processes as well as disbursement with payment system integration. Once the loan is approved and all documents are signed, release the funds to the borrower. The system facilitates the auto release of approved funds to the borrowers.

• Automated Approval
• Disbursement Processing
• Integration with Payment Systems

Loan Repayment Management

Loan Management System generates amortization repayment schedules outlining principal and interest. Here the user can manage and process loan repayments.

• Amortization Schedules
• Automated Repayment Processing
• Account Management

Integration Capabilities

Primarily focused on the system capabilities to integrate various third party APIs for seamless connectivity and automate the loan processing. With third party APIs integration, lenders can decrease decision times, improve efficiency, and make more accurate decisions without raising their risk exposure.

• Third-Party Integration
• API Support
• Credit Bureaus Integration

Security and Compliance

Implemented data encryption security measures to protect sensitive borrower information. Defined user roles and permissions to ensure data security with access controls. Our digital lending platform prioritizes security and compliance with industry regulations. This includes robust data protection measures and adherence to relevant financial and privacy standards.

• Data Encryption
• Access Controls
• Compliance Monitoring
• Data Protection and Privacy Regulations

Customer Mobile App

Designed and developed a dedicated customer mobile application for the borrowers. It allows very easy and convenient access to them to initiate and screen their loan applications.

• Mobile-Friendly Interfaces
• Mobile Applications
• Secure Portal to Track Loans

Real-time Application Tracking

• Keep applicants informed with real-time updates on the status of their applications
• Transparency is key – applicants can track their progress and receive automated notifications at each stage

Notifications and Alerts

• Sends automated notifications to borrowers at various stages of the loan process
• Alerts loan officers and relevant personnel about pending tasks or exceptions