Consumer Loan Origination System
Simplify loan cycles, remove barriers in loan application process, reduce abandonment, minimise unnecessary rejections, and ensure frictionless customer journey.
Give frictionless, personalised customer service with transparency
Loans can be daunting—not for financial institutions, but for applicants themselves. Customers aren’t seeking a loan; rather, they desire a new house, a car, or a vacation for that matter. But what impedes them? A cumbersome, distant, protracted decision-making process that often feels opaque, particularly in the light of modern technological advancements.
For financial institutions to thrive in today’s digitally-driven consumer landscape, it is essential to leverage cutting-edge technology to engage customers on their terms and surpass their expectations. As a bank or lending institution responsible for expanding a lucrative loan portfolio to people, your aim is to optimise approvals from prospects aligning with your risk criteria.
Our Consumer Loan Origination System allows you to reduce application time for your customers and eliminate barriers for a smooth loan process with automated loan decision making marking a beginning to a long term, loyal and profitable relationship.
- Streamline lending process through automation & reduced operational costs.
- Get loan applications submitted in minutes instead of days.
- Maximise approvals and closed loans by providing an automated decision quickly.
- Reduce manual tasks and paperwork, and accelerate approval times.
- Enhanced customer experience.
- Adherence to regulatory compliance throughout the consumer loan lifecycle.
- Minimise the risk of penalties and legal issues.
- Better evaluation of borrowers’ creditworthiness, and reduced risk of defaults.
- Get valuable data insights enabling better decision-making and strategic planning.
From days to minutes:
streamline your loan origination process
Streamlined Applicant Screening: Simplifying Data Capture for Future Access
Capture the applicant’s personal, work, reference, and contact details with ease. The information is stored and will be accessible in the future.
Key features
- Enables the customer-facing employees
- Stores the applicant’s work details pertaining to their income
- Allows the users to save multiple addresses and reference details
Effortless Repayment Planning: Tailored Schedules for Financial Clarity
Generate Repayment Schedules with a click as per the product mechanisms in order to calculate the applicant’s Debt Burden Ratio (DBR).
Key features
- Allows users to generate tentative Repayment Schedules
- Bifurcates Equal Monthly Installment and Insurance
- Enables users to quickly calculate Debt Burden Ratio (DBR)
Efficient Dedupe Testing: Seamlessly Validate Duplicate records
Validate the applicant’s details with the existing records to find duplicate matches in the application.
Key features
- Allows users to verify manually entered data with existing records
- Reduces reliability on other applications for data validation
- Alerts users if a duplicate record is found
Streamlined Document Management: Centralized Storage and Monitoring Made Easy
Store and monitor the documents submitted by the applicant on a single window.
Key features
- Allows users to select whether a document is generic or product-specific
- Displays documents on single screen
- Restricts unauthorized users from uploading and deleting the documents
Smart Risk Assessment: Precision in Evaluating Financial Viability
Assess the applicant’s risk rating score as per the bank’s criteria with a combination of financial and non-financial factors.
Key features
- Enables configuration of qualitative and quantitative factors
- Allows users to perform risk rating based on the populated data
- Displays the final score as per the scoring grid defined
Ensuring Compliance, Empowering Decision-Making with Precision
Assess the bank’s risk acceptance criteria for each product and income segment to allow quick decision making.
Key features
- Streamlines all policy related factors and their values on a single screen
- Allows admin to configure and edit the criteria as per the bank’s policy
- Alerts the users if a policy breach occurs
Instant Insight, Informed Decisions: Simplified Application Summary
Get a summarized view of an entire case on a single screen.
Key features
- The summary populates data from crucial fields on a single document
- The executive summary is printable
- Enables quick decision-making for the approving authorities
Effortless Reporting: Tailored MIS Reports for Streamlined Auditing
Generate SBP Audit and MIS reports based on the formats defined by the bank.
Key features
- Users can download reports based on the formats defined by the approving authorities
- Reports can be generated in either Excel or CSV format
- User Profile rights can be assigned to allow only the relevant users to generating particular reports
Customize with Ease: Simplified Configuration for Enhanced Control
Configuration screens to ease the user experience
Key features
- A hassle free solution for the application admins to configure users, branches, workflows, policies, etc.
- Any change in real-time will be catered via Admin ID
- Anyone with configuration rights can be restricted via Maker Checker function
Streamlined Applicant Screening: Simplifying Data Capture for Future Access
Capture the applicant’s personal, work, reference, and contact details with ease. The information is stored and will be accessible in the future.
Key features
- Enables the customer-facing employees
- Stores the applicant’s work details pertaining to their income
- Allows the users to save multiple addresses and reference details
Effortless Repayment Planning: Tailored Schedules for Financial Clarity
Generate Repayment Schedules with a click as per the product mechanisms in order to calculate the applicant’s Debt Burden Ratio (DBR).
Key features
- Allows users to generate tentative Repayment Schedules
- Bifurcates Equal Monthly Installment and Insurance
- Enables users to quickly calculate Debt Burden Ratio (DBR)
Efficient Dedupe Testing: Seamlessly Validate Duplicate records
Validate the applicant’s details with the existing records to find duplicate matches in the application.
Key features
- Allows users to verify manually entered data with existing records
- Reduces reliability on other applications for data validation
- Alerts users if a duplicate record is found
Streamlined Document Management: Centralized Storage and Monitoring Made Easy
Store and monitor the documents submitted by the applicant on a single window.
Key features
- Allows users to select whether a document is generic or product-specific
- Displays documents on single screen
- Restricts unauthorized users from uploading and deleting the documents
Smart Risk Assessment: Precision in Evaluating Financial Viability
Assess the applicant’s risk rating score as per the bank’s criteria with a combination of financial and non-financial factors.
Key features
- Enables configuration of qualitative and quantitative factors
- Allows users to perform risk rating based on the populated data
- Displays the final score as per the scoring grid defined
Ensuring Compliance, Empowering Decision-Making with Precision
Assess the bank’s risk acceptance criteria for each product and income segment to allow quick decision making.
Key features
- Streamlines all policy related factors and their values on a single screen
- Allows admin to configure and edit the criteria as per the bank’s policy
- Alerts the users if a policy breach occurs
Instant Insight, Informed Decisions: Simplified Application Summary
Get a summarized view of an entire case on a single screen.
Key features
- The summary populates data from crucial fields on a single document
- The executive summary is printable
- Enables quick decision-making for the approving authorities
Effortless Reporting: Tailored MIS Reports for Streamlined Auditing
Generate SBP Audit and MIS reports based on the formats defined by the bank.
Key features
- Users can download reports based on the formats defined by the approving authorities
- Reports can be generated in either Excel or CSV format
- User Profile rights can be assigned to allow only the relevant users to generating particular reports
Customize with Ease: Simplified Configuration for Enhanced Control
Configuration screens to ease the user experience
Key features
- A hassle free solution for the application admins to configure users, branches, workflows, policies, etc.
- Any change in real-time will be catered via Admin ID
- Anyone with configuration rights can be restricted via Maker Checker function
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Global industry expertise
With 14+ years of experience in providing tech solutions & services to financial institutions around the world, we understand all possible the complexities and challenges.Seamless integration
We understand the importance of ensuring your tools and processes work smoothly together. Our top-notch solutions seamlessly integrate your existing core systems, making work more efficient.Cutting-edge technology
We leverage advanced technologies to help you stay ahead in the world of finance by empowering you to take control of operations, risks & compliance at all levels.Scalable solutions
Ranging from small & medium sized enterprises to expansive global enterprises, our solution's adaptability and scalability enable us to mould them your way.Dedicated support
From implementation to ongoing assistance, we provide exceptional support throughout your journey through a dedicated customer success manager for you.Flexible deployment
We ensure you get the solution that is the right fit for your organisation. From on-premises deployment to cloud deployment, we are your partner in success.Reach out to us
We’re happy to answer any questions you may have and help you determine which of our services best fit your needs.
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- 14 Years of Experience
- 100+ Clients
- 16 Countries
- 5 Regions
What happens next?
We schedule an introductory call
We do a
discovery meeting
We share a tailored proposal