Loan origination is the process by which a borrower applies for and obtains a loan from a lender which involves several steps. It starts with the application for loan by the borrower, submission of the required documentation, the lender’s detailed review and assessment of the loan application for determination of credit risk, and thereafter approval of the loan application and the final disbursal of funds (or declining of the loan application).
This module provides an end-to-end loan origination process on a single platform and offers a flexible, process-managed approach that supports a fully customized loan origination engine helping to enhance customer experience.
It enables financial institutions to:
The Loan Origination module covers portfolio management, risk assessment, compliance with regulatory norms, and transparent lending process to address the competitive business environment and changing regulatory requirements.
Furthermore, it provides the feature of Facility Management by capturing the details of the facility(s) that are offered to the specific customer by the bank along with the details of eligible collateral(s) for each facility.
The key features of Facility Management are as follows: