Decisions Lending Whitepaper
Choices Lending Whitepaper
Understand how choices abilities any financing workflow, without rule and without restrictions.
Most Loan Origination Systems (LOS) are вЂњconfigurableвЂќ, but remain tightly in the old-fashioned boundaries of this marketplace for that they were built, such as home loan origination, car loan origination, online loan origination, cash advance origination, etc.
Loan providers in brand new financing areas usually battle to find loan origination pc software that fits, and find yourself attempting to make car finance origination pc computer software work with solar loan origination, as an example.
Another challenge for old-fashioned merchant LOS software applications are which they just do loan origination. Loan providers require online loan requests, mobile financing apps, post-closing workflow, as well as other items that arenвЂ™t вЂњcoreвЂќ to loan origination systems as typically defined, but they are fundamental to lending success.
Choices has a significantly better loan origination solution вЂ“ the capability to build any rule and workflow framework, without rule, without limitations. Get data from anywhere and run any guidelines against it. Quickly implement danger models, prices models, scorecards, verification workflows, document upload & download, electronic papers, e-signatures, etc. With choices, the workflow begins and comes to an end where your online business starts and ends.
Loan servicing can also be a classic rules and workflow company. Many Loan Management Systems (LMS) or Loan Servicing Systems solutions provide some guidelines configurability, nevertheless they frequently donвЂ™t offer control that is complete therefore manual workarounds are used вЂ“ beyond your LMS. Leggi tutto “Lending вЂ“ Loan Origination and Loan Management workflow”