LOAN ORIGINATION SYSTEM | SCOREME SOLUTIONS

Banks deal with a wide spectrum of data, including client data (demographics, market data, banking history, etc.), relationship data (subsidiary, Holdco, parent/child, spouse, etc.), collaterals (kind, value, insurance, etc.), and financial data (limit, balance sheet, P & L, Ratios, etc). LOS accelerates credit decisions by working towards developing a centralized database for banks, allowing them to abandon the archaic practice of data storage on paper. The Loan Origination System presents data to the bank’s designated officers in a way that promotes efficiency and high production. In addition to centralizing data, an end-to-end approach guarantees that the bank’s credit policies are adhered to during the loan evaluation process.

360 degree credit risk management

By utilizing end-to-end risk management tools, Loan Origination Software regulates and mitigates the risk inherent in the credit lending process. It protects banks from borrowers with a chequered credit history, fosters prudent lending decisions, and increases profitability. Furthermore, they allow lenders to balance credit risk with lending pace, quantity, and quality, outperforming competitors.

One should look for the following risk management abilities in an Loan Origination System.

• Workflow management
• Records management
• Notes and relationship management
• Adhering to the bank’s credit policies
• Account aggregation
• A diverse set of risk-rating models
• Portfolio management, including concentration analysis, exposure analysis, and volume analysis, among other things.

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