Archives: FAQ's
June 15, 2021
What is a loan origination software?
Loan origination is the process that occurs when a potential borrower applies for a loan from a lender and then the application undergoes several steps including capturing the loan application by the borrower, the submission of appropriate documentation, the lender’s assessment of the application and[...]
June 15, 2021
What is the loan origination process?
Loan origination is a process by which a borrower applies for a loan, and a lender disburses it or rejects the application. The origination process includes every step from application to funding disbursement, or rejection of the application. Depending on the type of loan, the[...]
June 15, 2021
What are the Benefits of Merchant Cash Advance software?
A Merchant Cash Advance Software helps lenders leverage their alternative lending business from competitors by unveiling meaningful insights from the application. The software helps to create a weighted score for a lead based on direct data like years in business, annual revenue, daily sales, industry[...]
June 15, 2021
How does merchant cash advance software work?
Merchant Cash Advances help inject cash into businesses faced with a negative working capital situation or are on the brink of going out of business. Although it is one of the many different working capital funding options available in the market, yet it remains the[...]
May 31, 2021
Why should you use a cloud based loan management software?
Automation and cloud computing have brought in a whirlwind of change globally and the financial services industry is no exception. Customers, too, are increasingly getting used to quicker processes, and turnaround time, therefore having a business model that supports such needs is indispensable for lenders,[...]
May 31, 2021
What are the features of best Loan Management System?
Loan management software, equipped with the latest technologies, prepped with analytics and disruptive tools like AI and machine learning can get more done in a shorter time, with better accuracy than a legacy loan management system to manage in today’s date. The features one should[...]