All attachments are stored in the repository and only users with the appropriate privileges can view them.Ī collateral module provides full control of collateral. This feature allows users to define questions and answers, adding a description for each question and configuring checklists.Ī document repository lets employees create a document checklist (a list of documents required from a client) and attach electronic documents for each item. User management provides full control of user access to the system as well as user account setup, system authentication, and user authorization.įorm management provides full control of user input forms. Key features of loan origination software

Interfaces seamlessly with credit bureaus.Loan origination software provides rapid and efficient loan request handling via diverse channels for multiple market segments while providing a high-quality user experience and smooth interactions between borrowers, partners, and lenders. Loan origination software enables financial entities to achieve operational dominance in omnichannel credit distribution. Here are different types of software you can build for the lending category. Kabbage and Borrowell are great examples of FinTech lenders. Lending platforms allow financial companies to use technology to automate and accelerate the loan decision process while reducing costs and providing exceptionally user-friendly solutions. Financial technology organizations are transforming the lending process so that customers no longer need to apply to banks or credit unions to get loans. Lendingĭigital lending is one of the main directions of FinTech software development.

In this article, we cover the major categories in the financial market and show which software you can build for each category to provide an uninterrupted customer journey. So innovative companies in the financial industry are striving to attract and retain customers by digitizing data. People demand that their transactions be fast, easy, and secure. These innovative technologies have become commonplace. Today, nobody is impressed by digital currencies, robo-advisors, or contactless payments.

Best mac financial software