http://www.newgensoft.com/solutions/banking-finance/loan-origination/
Based on our two decades of servicing the banking industry, we have developed Retail Loan Origination Solution Accelerator – a comprehensive retail loan origination solution. Built as per industry requirements, it is agile and adaptable. A core BPM framework rendered agile by Retail Framework that lies atop, makes the solution adaptable and responsive to the extent that organizations can independently run most of the changes without too much dependency on us.
As one of the preferred choices for automation of the Retail Loan Origination process for 100+ customers, the solution helps whether you are a Bank, Credit Union, Community Bank or any other financial institution, including those catering to Micro Finance.
1. AUTOMATION OF LOAN ORIGINATION PROCESS IN OMNIPROCESS
Moving towards a Enterprise Document Management
Solution Along with
Linear Workflow Automation
2. AUTOMATION OF LOAN ORIGINATION PROCESS IN OMNIPROCESS
CONCEPT OF SOLUTION
PROCESS DESIGNED
STEP BY STEP EXECUTION
3. AUTOMATION OF LOAN ORIGINATION PROCESS IN OMNIPROCESS
Solution Highlights
4. AUTOMATION OF LOAN ORIGINATION PROCESS IN OMNIPROCESS
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ADDING VALUE TO THE END TO END SOLUTION
LEVEL OF APPROVALS
THROUGH
OMNIPROCESS
BIG SOLUTION SMALL PRICE
5. AUTOMATION OF LOAN ORIGINATION PROCESS IN OMNIPROCESS
The Bank intents end-to-end automation of Loan Origination process and further
improve quality of services, increase efficiency of operations and monitor the complete
process.
Newgen LOS Solution is a multi-tiered, platform independent Linear Workflow
Management solution built using robust server-side Java & J2EE technologies.
Newgen serve as an open standard, scalable, high-volume transaction system, capable of
offering maintainable solutions for organizations in the lending industry
Levels Of Approval
Levels Of Approval
6. AUTOMATION OF LOAN ORIGINATION PROCESS IN OMNIPROCESS
Key Benefits of the Solution:
• End to End automation of document intensive Loan processes, where users
can see documents and data on single screen.
• Automated Identification of fraudulent cases during initiation and archival for
future reference.
• Instant Loan summary template for review and approvals by senior
management.
• Flexibility to change the processes as per Market requirements without any
changes in Core application.
• Routing of the cases to appropriate authority on the basis of applied loan limit.
• Mandatory document/Process checks listing at the time of initiation to reduce
the rejections.
• Extending the reach of the to DSA (Direct Sales Associate) for initiating the Loan
approval
7. AUTOMATION OF LOAN ORIGINATION PROCESS IN OMNIPROCESS
CONCEPT OF SOLUTION
PROCESS DESIGNED
STEP BY STEP EXECUTION