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Loan Origination System (LOS)

Designed to accelerate your loan origination process and ensure compliance with regulatory requirements

Deliver a frictionless user journey with automated workflows. Receive, evaluate, and approve loan applications faster, ensuring efficiency for both applicants and loan officers

Computer screen showcasing 'LOS'

The end-to-end loan origination journey from loan application to loan disbursal

Efficiently manage loan applications, applicant data, and credit assessments  

A Loan Origination System (LOS) is a software solution that receives, evaluates and processes loan applications. The loan origination process entails the first half of the lending lifecycle, from the time a borrower submits a loan application until it is approved for disbursement.

The loan origination module sets the foundation for the entire loan lifecycle. It automates processes, reduces manual data entry, and enhances the overall efficiency of originating loans.

Banks and NBFCs struggle with manual credit assessments, fragmented workflows, and delays in loan approvals, which slow operations and hurt the customer experience. That’s why we built our Loan Origination System (LOS) to streamline the lending lifecycle. It empowers lenders with efficient credit processing, robust loan management, and real-time portfolio monitoring to make faster decisions, ensure better compliance, and keep customers happier.

Stage 1

Loan Application

The loan origination process begins. Applicants, typically customers, submit loan applications online or through other channels

Features:

  • Online application forms with user-friendly interfaces

  • Application tracking for applicants to monitor progress

  • Support for multiple loan types
    (e.g., Pay-day loans, education loans, travel loans etc.,).

Stage 2

Applicant Information

Collect and manage applicant information for assessing the borrower's eligibility for a loan. This includes personal, financial, and contact details

Features:

  • Secure data entry for sensitive information

  • Integration with credit bureaus to verify applicant data

  • Storage of applicant profiles for future reference

Stage 3

Credit Check and Scoring

Evaluate the applicant's creditworthiness. Utilise credit checks and scoring mechanisms to make precise and informed decisions

Features:

  • Integration with credit reporting agencies to retrieve credit history 

  • Credit scoring algorithms to assess credit risk

  • Real-time credit decisioning or recommendations

Stage 4

Document Management

Manage and store the applicant's documents, such as income statements, tax returns, and identification, to verify eligibility and support the loan application

Features:

  • Document upload capabilities for applicants

  • Secure storage and encryption of sensitive documents

Stage 5

Loan Approval Workflow

This workflow manages the process of assessing loan applications, including reviews by underwriters and decision-makers

Features:

  • Assignment of applications to underwriters and reviewers

  • Notifications and alerts for application status changes

  • Collaboration tools for communication among loan officers and underwriters

Stage 6

E-signatures

E-signatures streamline the approval and acceptance process, enabling applicants to electronically sign loan documents

Features:

  • Integration with e-signature service providers

  • Secure electronic signature capture and storage

  • Compliance with e-signature regulations

Stage 7

Loan Closing or Disbursal

Once a loan application is approved, the loan closing phase involves finalizing the terms and disbursing funds to the borrower.

Features:

  • Integration with payment processing systems for fund disbursement

  • Automated notifications to applicants about loan approval and next steps

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