Loan Origination System
Enterprise Lending Suite for Retail Loan Origination
HCL Loan Origination System embodies an enterprise approach to retail loans origination. It supports end-to-end automation of retail loan application processing from lead generation to closing and disbursal readiness.
The strong underlying Service Oriented Architecture platform enables it to be deployed as an integrated complete solution or as modules depending on the bank’s specific needs to facilitate a ‘best of breed’ approach.
Organized into logical functional modules reflecting the credit origination process, it brings together front office sales personnel, back office credit processing officers, verification vendors and closing/operations users together in a seamlessly integrated and automated environment.
HCL Loan Origination System is a new generation system designed to provide maximum business flexibility, comprehensive credit risk management capabilities and rules based credit processing to help you focus on enhancing your lending business, while streamlining your processes to achieve better processing turn-around times, higher customer satisfaction and effective credit risk control by business users.
The power of business agility in your hands...
Agility to stay ahead of the competition
Launch innovative products: Unshackle your creativity to create and launch innovative loan products for the market using the powerful product configuration module without worrying about system constraints.
Capture new customer segments: Create customized loan schemes/ special offers for preferred customer segments or to capitalize seasonal opportunities.
Enhance your customer acquisition ratio: Track, service and convert your prospects into customers using the effective Prospecting and Leads management module. Leave alerts, reminders, diary functions and leads tracking to the system and free up your sales personnel to attend to customers.
Agility in Credit Risk Control
Ensure adherence to credit policies by implementing Business rules driven loan processing to ensure consistent and effective loans processing with gateways for exception handling, where required.
Implement risk based credit pricing using the Risk based loan pricing matrix to manage and price credit risk effectively.
Reduce loan delinquency ratios by implementing automated credit risk checks, complex rules based credit scoring, verification processes and rules based credit authorization matrices.
Know Your Customer before you decide to lend using our configurable KYC checklists and documents verification check points.
Agility in business process management
Introduce business process improvements/ changes, when desired, to keep the business agile by re-configuring the business process flows using the externalized workflow engine.
Enhance customer responsiveness and monitor process bottlenecks by setting up and auto-monitoring process and vendor SLAs.
Implement enterprise-wide business process management tools to gain process visibility and control: The LOS Services can be deployed in an integrated manner with an enterprise-wide BPM platform, if desired.
Achieve higher process productivity: Business rules driven, automated application processing from application capture to credit decision and issuance of sanction/ reject letters, reduced manual data entry/ duplication enables higher productivity levels among sales and credit personnel.
Agility in Technology Architecture
Integrate, with ease, all systems in the lending landscape to create a seamless lending hub across multiple origination channels, downstream systems, credit bureaus and content management systems.
Reduce cost and efforts of changing and maintaining software by keeping business logic flexible with a Rule engine based approach to adapt to changing business needs.
Benefit from Smart Architecture: New generation service oriented architecture with flexibility to deploy best of breed business rules management systems, workflow tools, document generation and content management systems, enabling banks to move towards a seamlessly integrated technology landscape for the loans business.
For further information, please contact us at productinfo@hcl.in
