Loan Management Solution

Platform is a integrated system, it should check the client’s eligibility to get the loan and then approve or deny the loan. Once approved, the customer should receive the funds.

What is a loan management system?

Loan management systems help the entire loan lifecycle. The software can help with processing customer information, create new loans, and more. They can also provide lenders with accurate statements and reports. Moreover, they can manage interest rates and provide the tools for collection automation.

Types of loans

Here are the different types of loans that you can streamline with loan management systems

• Mortgage Loans
• Payday loans
• Personal Loans
• Commercial Loans
• Syndicated Loans

Features of a loan management system

Loan Origination

The loan origination system can analyze the application and provide insights to service the loan

• Smooth out the application process
• Automate and speed up onboarding & doc flow
• Shorten time to with enhanced decision making

Loan Servicing

Every loan is different: they have different interest rates, payment dates, and more. You can track all these loans and ensure that you receive payments on time.

• Get a flexible and ready to go calculation engine
• No limits / charges for new users and lending products
• Create lending products of any type within hours

Debt collection

Collecting back the payment is essential for lending businesses. You can also get notified when the borrower pays back or when a repayment is due. The collection system can even calculate late fees for you.

• Sophisticated soft/ legal collection features
• Customizable notifications and trigger events
• A registry of collection agencies and debts sold

Reporting and Analytics

An essential feature of loan management software is the reporting module. You can get comprehensive reports on the cash flow

• Automated process with easy viewing
• Flexible dashboards with automatic data submission
• Sophisticated, rule-based enrichment capabilities

Integrations

Take data and make it actionable for you

• Integrations with 3rd party service provides
• Limitless integration options (payment, eKYC, Sms, email)
• Get a 360-degree view of customers