Loans Origination Solution

Reduce your cost to serve with fast, easy loan origination

Online Application Platform
Document Collection Portal
Servicing & Capacity Calculator
Start
the process on any device
Save
at any stage
Switch devices
any time

But of course there's much more to the job than processing applications. That's why complete automation encompasses the following functionalities:

Workflow automation

Assigns tasks and reminders to staff members based on roles and your configured business rules. Automates integration with third party service providers.

Credit assessments & calculation of loan serviceability

The servicing and capacity calculator assesses borrowing capacity and ability to service a loan.

Configure credit & servicing rules

Configure rules for preliminary assessment & approval.

Extend credit rules

Integrate credit & servicing rules with score card service to extend rules and make unconditional decisions.

Integrate with your systems

Works with your core banking system, online banking portal, mobile banking app and data warehouse, as well as a network of third party service providers.

Order valuations, automate credit checks, & submit for funding

Part of straight-through processing, taking you from electronic reception of application, through to loan disbursement.

Document generation & management

Enables document collection, generation, distribution and storage.

White label origination

Manages multiple white label originator channels through branded documentation.

Give and receive solicitor instructions

Handles interaction with solicitor prior to and post settlement.

Fees management

Tracks and collects fee payments, manages fee exceptions and exports data to external financial systems.

Reporting

Provides a range of pipeline, ad-hoc and custom reports and dashboards.

Communication management

Communicating with customers, sales channels, third parties, & internal stakeholders, facilitating an easy flow of information.

Sales channel management

Enables users to configure hierarchies of referral sources, including franchise networks, third-party broker networks and advertising sources.

Commission administration

Imports commission loan data, calculates upfront & trail payments, generates and distributes RCTI and statements, exports general ledger data to accounting systems.

Originator portal

Allows accredited originators to review details of their customer’s loan applications in real-time, download forms, submit new applications, & review their commission payments.

You can have multiple approval levels to support delegated approval for referred decisions:

Preliminary assessment
Conditional approval
Formal approval

Plus it handles:

  • income and expense data aggregation
  • identity and fraud checks (eKYC)
  • serviceability calculations
  • employment type and term (self employed, PAYG etc) checks
  • loan to value ratio checks
  • property type and location checks
  • credit history checks
.

Talk to us about how we can help

Our cloud-based digital Loans Origination Solution will help you automate your processes, allowing you to orchestrate the digital flow of your business and leverage your third-party services & fin-tech solutions. Not only will you increase loan volumes and reduce costs, but you’ll also provide customers with an unparalleled level of service that will differentiate you from your competitors.

To learn more about integrating the Loanworks Loans Origination Solution, please call Urvesh Vibhakar, our Solutions Delivery Manager, on +61 433 186 482. Urvesh has played a key role in the design and delivery of solutions for many clients including the new digital bank 86 400. He’ll ask questions, listen, and help you find your particular way forward.