AI-Powered Analytics to unleash Business Growth

As a lender, you have to deal with data from multiple 3rd parties as well as your own internal systems. Imagine the edge you get when you can see the interconnections between seemingly incongruous or unrelated data sets. 

Business Analytics

Lendfoundry has worked successfully with multiple Fintech and Lending companies and understood the requirement of providing the business with prebuilt default reports and an added flexibility of creating customized reports as per requirements.

Give your employees an analytics solution to spot the patterns and make decisions that advance the business.

Built on the Microsoft PowerBI platform, LendFoundry offers you an AI-powered and user-friendly business analytics platform. Since it supports Open API, you also get the flexibility of using your existing analytics platform. 

Modern Loan Origination System Overview

With our platform's UI based decision engine , you have the ability to set up rules for verification and pricing in order to either accept or decline loan applications and offer one or more options to borrowers. Furthermore, our APIs allow for integration with CRMs.

Insight + AI = Invincible You

LendFoundry LOS connects to a multitude of sources including databases for financial and non-financial transactions, external sources such as third parties and even public sources to enrich lending data.

The LendFoundry Loan Servicing System data further enriches the lending data with loan account performance and repayment behavior.

LendFoundry helps lenders convert data into actionable insights. It performs risk assessment using a combination of rule-based decisions and AI/ML analysis on your business data.

An intuitive user interface on the analytics portal facilitates business teams to take critical decisions along with the ability to identify trends in order to drive business growth strategy, pro-actively recognize potential problem areas and isolate them.

Our Features

LendFoundry’s LOS or Loan Origination System is flexible to facilitate fully automated underwriting or incorporate back-office workflow for manual verification and decisioning.

With the insights from LendFoundry Analytics, you can Forecast Demand, Reach out to Profitable Customers, Identify the best channel for lead sourcing, On-board customers faster, Customise offerings with risk equated pricing, Identify cross/up-sell opportunities, Prevent Customer Churn, Make more Accurate Revenue Predictions, Manage losses and Delinquencies with Early Warning Signals.

The solution drives the 4 pillars of a successful business 

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Customer Profitability

Identify profitable (and unprofitable) customers and drive acquisition activities that ensure long-term profitability. 

  • Acceptance Channels
  • Acceptance Price Points 
  • Repeats and Velocity
  • Ideal Customer Persona
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Business Success

Reduce loan origination time and make faster decisions by monitoring system efficiency. 

  • Loan Application Analysis
  • Asset & Liability Management
  • Team Scorecard  
  • Geographical Analysis 
  • Modification Analysis
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Portfolio Performance

Improved insights on business metrics to drive optimal business strategies.

  • Loan Portfolio Report
  • Outstanding Report 
  • Payoff Analysis
  • Chareoff Analysis
  • Partner KPI Analysis
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Risk Management

See the indicators of at-risk customers to take timely, corrective action.

  • Delinquency Analysis 
  • Macroeconomic Analyser 
  • High Risk Segment 
  • Loan Default Predictor
  • Early Warning Indicator

Frequently Asked Questions

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 origination process differs in the workflow, however they
broadly cover these steps in some sequence or the other as defined by the lender’s business policy.

  • Application
  • Pre-Qualification
  • Application Processing
  • Underwriting
  • Credit Decisioning
  • Funding

Top Loan Origination Software helps in digitizing the entire process providing speedier decision making capabilities
with flexible workflow managers helping faster time to market for new products.

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 credit risk and the final funding of the
loan.

A Loan Origination Software digitises the loan origination process for financial institutions and other lenders, from
loan application, documentation, underwriting, credit decisioning, risk analysis and loan funding. The areas where
a modern Loan Origination Software are:

  • Automate data collection from the customer.
  • Verify the authenticity of documents digitally.
  • Automate the underwriting process.
  • Enable third-party integrations to the loan origination system.
  • Enable automated workflow models.

Loan origination backs both commercial lending and consumer lending, and the software is always under enormous pressure to churn multitudes of applications at a rapid scale. Cloud-based loan origination systems have introduced a whole new level of efficiency by introducing transparency and collaboration into the system and addressing the challenges in legacy loan origination systems.

This article helps in better understanding the advantages of a cloud-based loan origination platform that helps the lending business scale and grow.

Based on your business policies the digital Loan Origination System can be a straight through processor or have
manual checks in between. However, it should support your business workflow totally and not make you switch
multiple systems or windows for processing. Check the following to map the effectiveness of your Loan Origination
Software

 

  • The loan origination workflow per product matches the business requirement.
  • Fast and convenient loan application and disbursement through paperless application mode.
  • Multi-channel ready to get loan applications online or through agents or your sales while ensuring a seamless
    borrower experience.
  • User level authorisation and data access with easy navigation
  • Reduced manual efforts and human errors with automated verification and decisions.
  • Status filters and queues to have a quick summary of statuses.
  • Integration with data providers to enrich borrower data.
  • Digital KYC, fraud check and financial reports to keep all enriched data within the application.
  • Digital repository of all the documents, consents and application data at one place
  • Automated offer generation with role based permission to edit for alignment with customer expectations.
  • Digital contract generation, esignatures to reduce physical hard copies.
  • Easy reports and analytics with individualized dashboard for business health monitoring and decision making.

LendFoundry Loan Origination Solution (LOS) helps lenders manage loan origination digitally while offering speed,
scalability, and actionable intelligence yielding happier customers and more business for you. The SOC1 and SOC2
certified system currently supports multiple products for unsecured consumer and unsecured business lending
including Merchant Cash Advance or Factor based product, term loans, line of credit, portfolio based loans which
can be used for Supply Chain Financing.

For your customers, LendFoundry LOS simplifies the application process and makes it paperless and convenient to
apply for loans digitally with complete visibility of the application status.
For your IT and operations teams, they get everything required at one place. Automated processing facilitates
speedy loan origination including borrower verification, decision making and underwriting. The microservice
architecture ensures a seamless integration with your existing and future technology environment, making it a
sweet deal for any IT department.
For your business, it offers actionable intelligence in assessing credit worthiness using multiple data sources
including social, fraud detection and prevention. In short, LendFoundry LOS enables you to process more
applications and faster.

On top, you get API integration with 80+ leading platforms helping you save time, cost, and efforts at every step of
the process. The loan application processing system harnesses the power of connector based design for an
ecosystem of 3rd party API integrations to enrich the application data and drive faster, better and compliant
decision making. The loan origination system workflow supports data enrichment for Identity, Fraud Detection,
Credit Bureau, Business Compliance, Financial, Compliance, Payments, Analytics, Workflow Gateway etc.

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