Loan origination software automates the end-to-end (retail) loan portfolio cycle, typically electronically, getting rid of the need to depend on a paper workflow environment. Loan origination software simplifies and improves the application and approval for loans through the system by automating the whole loan process. Loan origination software offers a holistic view of borrower transactions across all channels and products on a single platform. By centrally managing loan products, loan origination software reduces regulatory compliance risk. Loan origination software offers better insight into each transaction through real-time business activity monitoring, as well as content and resource optimization through audit trails. Some software tools include underwriting and credit analysis. Loan origination software is implemented through the cloud.
To qualify for inclusion in the Loan Origination category, a product must:
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TurnKey Lender is an award-winning provider of lending automation, risk mitigation, and decision management solutions for lenders. The functionality of this intelligent end-to-end platform covers the whole lifecycle of a loan: from decisioning and origination to servicing and reporting. Why choose TurnKey Lender: Proprietary AI-powered algorithms which are used for risk evaluation and decisioning minimize portfolio risk profile and write-offs letting business approve more of the right loans faster and safer. All-in-one automation helps lenders put loan origination, underwriting, collateral management, borrower evaluation, risk management, debt collection, loan servicing, reporting, supervision, and regulatory compliance on cruise control. Integrations with major credit bureaus and other lending-related databases, products, and services. Fully adjustable proprietary scoring models and rules based on an advanced default scorecard. Country-specific editions of the platform which reflect each jurisdiction’s regulatory laws. Improved portfolio profitability, operational efficiency, and client lifetime value. TurnKey Lender offers intelligent and easy-to-use software which will help you outperform alternative and traditional competitors at a fraction of the price. Now you can access the most innovative lending technology and risk mitigation tech without the glass ceiling of million dollar investment.
RiskOrigins software is a next-generation, credit decisioning and monitoring platform that delivers improved risk management over the credit life cycle. The software offers a robust framework for regulatory compliance while helping banks retain their competitive edge through improved efficiencies and time-to-cash for customers.
LoanSphere Empower is a state-of-the-art, enterprise loan origination system (LOS) that provides the functionality for every facet of the origination process from point-of-sale to post-closing. Offered as both an ASP and self-hosted solution, Empower supports consumer, retail and wholesale point-of sale channels; loan fulfillment and closing; pre- and post-closing audit and compliance functions; product and pricing; electronic document management; and industry-standard interfaces.
Validis provides a quick, easy, and secure way for small businesses to share their financial data with accounting firms and financial institutions. Our unique, cloud-based technology collects financial data from a business’s online or offline accounting application and automatically assembles the data into a set of standardized reports in minutes. The reports are viewable in our online portal and seamlessly integrate into your existing technologies.
ACTion’s advanced consumer and business loan origination systems provide financial institutions of any size configurable platforms to meet their consumer lending, business lending and deposit account opening needs. The suite is fully capable of industry-leading integration for frictionless and digital operations that deliver speed and convenience for your customers and members.
AI Foundry transforms banking and lending operations by integrating information, people and processes to enable increased insight and improved decision-making. Our Agile Mortgages solution helps organizations streamline and automate manual processes, seize new business opportunities and manage compliance, all while driving bottom-line performance. Take mortgage origination to the next level with a solution that provides: • Automatically classify and extract loan data accurately and easily • Streamline back office information processing, while integrating customers into the process • Significantly reduce manual data validation—no more “stare and compare" • Intelligent document checklist • Automatic folder creation • Built-in Rules Engine • Workflow for orchestration • Audit Module • Pre-trained mortgage document library • LOS integration (E.g. Encompass, Empower, Ventures, Byte…) For more information go to: http://aifoundry.com/agile-solutions/agile-mortgages/
BizRuleAnalyzer is a loan origination software that allows users to quickly search all business rules, form code and all customizations inside Encompass. It helps to find all rules, field triggers, advanced code and form code that display a specific message, or access/set a specific field.
Close Origination is designed to offer speed, efficiency and an optimal result for both the applicant and the loan provider. The solution is available 24/7 for consumers who submit applications by web or mobile applications, as well as for applications submitted by dealers, intermediaries and sales agents.