Loan Origination Software

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Loan Origination System Loan origination is the
process by which a borrower applies for a new
loan, and a lender processes that application.
Origination generally includes all the steps from
taking a loan application up to disbursal of
funds (or declining the application).
LOAN SERVICING SOFT is a complete loan
origination system or LOS. Configurable easy to
use point and click loan entry screens, loan
application, automated credit pull, loan
decisioning, loan disclosures, and loan doc prep.
Do it all in house yourself, or with higher
volumes, workflow and task management allows your
team unlimited possibilities. The LOAN SERVICING
SOFT loan servicing software platform is also
extremely flexible, scalable and easy to use,
making it an ideal lending solution for several
industries.
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Loan Origination System

• Application Process
• Applications for loans may be made through
  several different channels and the length of the
  application process, from initial application to
  funding, means that different organizations may
  use various channels for customer interactions
  over time. In general, loan applications may be
  split into three distinct types
• Agent (branch-based)
• Agent assisted (telephone-based)
• Broker sale (third-party sales agent)
• Self-service

Retail loans and mortgages are typically highly
competitive products that may not offer a large
margin to their providers, but through high
volume sales can be highly profitable. The
business model of the individual financial
institution and the products they offer therefore
affect the decision of which application model
they will offer.
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Loan Origination System

• Choose the Loan Center System That Fits Your
  Needs
• Loan Center for Retail Lending
• Designed to meet the needs of frontline,
  back-office, and executive staff, Loan Center
  integrates practical tools that improve
  efficiency at every level.
• Smart simplicity users appreciate
• Top-down transparency managers require
• Loan Center for Third Party Lending
• Third-party lenders can enjoy greater
  productivity with full pipeline visibility in an
  LOS designed for their specific needs.
• Helps attract and retain correspondent lenders/
  wholesale brokers
• Eliminates manual processes

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Loan Origination System

• Self-service Loan Application
• Self-service web applications are taken in a
  variety of ways, and the state of this business
  has evolved over time
• Print and fax applications or pre-qualification
  forms. Some financial institutions still use
  these.
• Print, write or type data into the form, send it
  to the financial institution
• Form fill on the web, print, and send to the
  financial institution
• Web forms filled out and saved by the applicant
  on the web site, that are then sent to or
  retrieved by (ostensibly securely) the financial
  institution
• True web applications with interfaces to a loan
  origination system on the back end
• Many of the early solutions had a lot of the same
  problems as general forms

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Loan Origination System
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