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VeriLoan - Loan Origination Solution

VeriPark

Corporate Banking
Corporate and Syndicated Lending
Omni-channel, omni-product loan origination solution for Retail, Corporate & Commercial Banking
Corporate Banking
Corporate and Syndicated Lending
Omni-channel, omni-product loan origination solution for Retail, Corporate & Commercial Banking

VeriLoan offers the best-in-class end-to-end solution for financial institutions. It provides a full range of functionalities that streamlines loan origination and servicing processes while maximizing efficiency and reducing risk. VeriLoan fully integrates with the sales processes of not only Dynamics 365 but also other CRM solutions, building stronger and meaningful relationships with current and future customers. It also has the capability to retrieve customer data from any core banking system.

Increasing pressure on margins requires banks to expand their lending business to maintain and grow revenues while not taking on undue risk.  At the same time, corporate customers now more than ever expect a retail-like experience, with faster response times and the ability to self-serve, a need that is easily answered by non-bank entrants to the lending space, which are nimble, and technology focused. 

End-to-end loan Origination solution

Flexible origination tool that enables automation and consolidation of fragmented infrastructure/processes.

Enhanced customer/ end-user experience

Digitized borrower experience adds efficiency and transparency to a historical cumbersome, opaque process.

Expanding existing open banking-enabled services

Integrated, open solution that best positions banks to innovate to keep pace with the market as it evolves.

Company Verified

General information

Commercial model
Resell
Integration
Integration coming soon
Fusion Loan IQ
doneAvailable for all 3rd party systems
Implementation
Cloud Hosted | On Premise
Website
Support
Data processing countries (1)
United States of America
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How it works

VeriLoan is a powerful end-to-end digital loan origination, servicing, and collection solution. The customer-centric solution is designed to effectively manage the entire client lifecycle in one, unified CRM platform. Covering the entire workflow from sales origination, onboarding, risk and credit review, disbursement all the way through collection, VeriLoan automates the entire commercial and corporate loan origination processes from start to finish. VeriLoan is integrated with FusionFabric.cloud, Finastra’s Open API ecosystem, positioning the application to seamlessly evolve with the market.

A standardized system architecture

With a single front-end system that and is integrated with Loan IQ Booking Service, allowing for straight-through-processing.

An optimized operating model

To adopt a gradually centralized & standardized approach across all business lines and employing industry best practices.

An automated loan origination process

Reducing operational risk and cost associated with manual processes, re-keying of data and fees up capacity to increase business by focusing on high value deals and providing scale.

A reduced total cost of ownership

By eliminating fragmented legacy technology from multiple vendors and integration complexity all while providing a golden source of data for regulatory reporting.

A reduced total cost of ownership

By eliminating fragmented legacy technology from multiple vendors and integration complexity all while providing a golden source of data for regulatory reporting.

Future-proofs investment for the long term

With the latest technology and benefit from innovative services for its customers.
How it works

How it looks

Credit Origination Dashboard

VeriLoan offers many role-based dashboards such as Credit Origination Dashboard, Credit Analyst Dashboard and Branch Manager Dashboard to provide valuable insights to the various departments of the banks. Show less

Application Submission

Provided extensible and scalable Loan Origination platform for financial sales. Automated credit policy rules, AML and credit bureau checks, exception handling, , unified back-office processes and end-to-end loan origination lifecycle management. Show less

All Credit Application

List of all the pending and approved applications in different stages of the application process. Show less
screenshot container
Credit Origination DashboardApplication SubmissionAll Credit Application

Credit Origination Dashboard

VeriLoan offers many role-based dashboards such as Credit Origination Dashboard, Credit Analyst Dashboard and Branch Manager Dashboard to provide valuable insights to the various departments of the banks.

Resources