What is Smarts Loan Origination System ?
The Loan Origination System (LOS) is developed in particular to support the loan application processing of banks and financial institutions. LOS provides very user-friendly workflow technology to control and monitor end to end loan processing activities.
Application Creation and approval work flow
Approve/Reject of defined criterion. Approval Workflow Feature allows users to approve/ reject each criterion and leave a comment for the rejected one
Search functionality: Approval Workflow Feature allows users to search applicants by Name, CIF etc
Define existing and new customer automatically
Show history of approvals and assigned scores
Calculate financial criteria automatically from balance sheets and income statements
Manage all documents uploaded via a "See attachments" view to allow all documents to be managed in a single view
Adjust ranking automatically in case of delay in payment via an "Overdue" field that will rank adjust automatically dependent on value of the field
Either on-premise or cloud deployment possible
Uses methodology accepted widely by regulators worldwide
Consultancy and modelling provided by Smart as optional add-ons
automatically calculates the score of a loan application based on the applicant information entered and the
developed using score builder. A score card can be easily developed and parameters can easily be changed with the built-in s
interface. Multiple score cards for different loan types are supported in
Application Status Information
can provide information on status of
is pending at the moment. This is helpful for customer service representatives to manage enquiry from the customer. There is application history associated with each
. It records down all the activities completed on the application beginning from when an
first enters the workflow till processing completes. Smart Consulting Solution Pte Ltd
https://www.smartconsulting.com.sg
