10 Stages in the Loan Origination Process
Introduction: Loan origination system (LOS) starts when the lending entity receives a loan request and continues all the way till the loan is funded or rejected. LOS is important for lenders because it plays a significant role in allowing the...
Evolution Of Payday Loans: How CloudBankIN Can Help Disburse A Loan In Less Than 5 Minutes
Many are faced with unexpected financial difficulties when a day or even an hour seems too long to wait for a loan to get approved. This is one such instance where a payday loan could come in handy. Among the...
10 Powerful Tools To Help Automate Your Lending Process
In a fast-paced, competitive world of the lending industry, financial institutions are continuously looking for ways to improve their offerings and profit margins. No matter the type or size of a financial institution, the inclination of lenders towards technology has...
Loan Origination – A Critical Step In Mastering The Loan Process
Introduction Planning to take a loan for yourself? The capital required to purchase the entire asset would be high. Purchasing an asset out of your savings is impractical. But you still want to go ahead? The easiest way to raise...
Alternative Credit Scoring – Why Is It So Popular?
Priyank Raj from Mumbai was in a fix. He had applied for a loan but his application was rejected as his CIBIL credit score didn’t generate enough data to establish his creditworthiness for the new loan. Like Priyank, many hopeful...
Understanding The CIBIL Score System
If you always believed that there is no other source keeping a track of your loans and repayment responsibilities other than the financial institution or bank you are dealing with, think again! In 2000, CIBIL (Credit Information Bureau India Limited)...
