VeriLoan - Loan Origination Solution
VeriPark
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.
General information
How it works
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 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 lessApplication 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 lessAll Credit Application
List of all the pending and approved applications in different stages of the application process. Show less
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. Videos
Resources
