Lending Overview
Lending markets have moved from highly volatility to severely reduced credit availability across all sectors due to some high-profile bankruptcies, government takeovers, and financial meltdown. In times like these, lenders turn to technology providers for their expertise on how to improve loan processes. Lenders have high expectations of what they want out of their technology. They want streamlined, end-to-end solutions that can give them everything they need from origination to closing at a reasonable price.
HCL has been automating lending business for over 13 years and has successfully completed over 50 implementations including product based implementations and custom lending applications. HCL has extensive experience in working with banks and financial institutions across the globe and appreciates the business of lending across multiple geographies.
Key Differentiators/ Value Propositions
We have been able to offer guaranteed cost savings to our customers and forge partnerships with leading industry software providers like Misys LoanIQ, Chordiant, FileNet, Documentum, Thuderhead and SAP for product re-engineering and implementation. An enhanced ROI and reduced TCO that can be attributed to our dedicated lending domain practice that stems from over 9 years of experience and technology leadership that is backed by COEs in 25+ horizontals. Our membership with MISMO and MBA has enabled us to leverage the latest trends and standards in the industry, and add value to our global customer engagements across the US, Europe and the APAC.
HCL’s mature processes result in continuous improvement and a formal knowledge management system comprising reusable components. We adhere to CMMi level 5, ISO 9001:2000 and BS7799 standards, and offer a risk-free implementation. Our gamut of solutions includes ready made solutions such as Capital Stream for commercial lending and SamVitt LOS for consumer lending, comprehensive collections and collateral management frameworks, and integrated multi-service for technology, operations and Infrastructure, with over 50 implementations globally.
Case Studies
- Development of a web-based, end-to-end Loan Origination System, which brought in consistency in decision making and compliance to regulatory requirements for a leading bank in New Zealand
- Implementation of a one stop solution for Lending products for a large Malaysian Bank resulting in enhanced market share
- Product implementation for a US mortgage Lender resulting in timely delivery to enhance their operation excellence
