How Digitization in Loan Origination Process solves the challenges of Banks & NBFCs?
Loan Origination is when a borrower applies for a loan, and a lender, after processing, lends the loan amount to the borrower. The borrower can be an individual, a business, or a corporation, with the lenders being the banks, NBFCs,...
How To Choose A Successful Loan Origination System–Top Factors To Keep In Mind
Without a doubt, there has been a paradigm shift in the way consumers expect the lending industry to work. Your customers expect instant approvals on loans, so the use of old-fashioned Loan Origination Process flow is bound to lead to bad outcomes...
Enhancing Customer Experience through Loan Origination System
Digitalization has shaken up the lending industry over the last decade in so many aspects, that banks and NBFCs haven’t had much time to address each one. A vital aspect of lending, Customer experience (popularly termed as ‘user experience’) can...
A Complete Guide to
Loan Origination System
A robust Loan Origination System (LOS) that can establish strong controls over the increasing bad debts rate in the industry and simultaneously be the panacea to the rising competition in the lending world, is the need of the hour. When...
Introduction to Loan Origination System
What is Loan Origination System? Loan origination is the term used to explain the process in which a company or an individual obtains a loan from a lending entity such as bank, NBFC, micro financing company and so on. Loan...
An Introduction To Credit Bureaus
What is a Credit Bureau? A company which collects information relating to the credit ratings of individuals and makes it available to banks, finance companies, etc. – The Oxford English Language Dictionary. The third most important entity in the loan origination...
