Loan Origination System
1 min readMay 9, 2018
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.
Features
- 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
Smart Consulting Solution Pte Ltd
https://www.smartconsulting.com.sg