International Loan Origination System Plus (LOS+)

Our International LOS+ was designed to improve efficiency, accuracy, compliance, and visibility into your loan process, specifically:

• Supporting a full range of loan products and collateral across all lines of business
• Managing the workflow of loan origination across locations, loan teams, roles, and levels of authority
• Delivering docs at each stage of the process
• Incorporating audit features to track key changes and decisions on loans
• Including data analytics, and custom reporting capability

eDominate's International LOS+ uniquely supports:

Any Loan Product or Product Scheme
Supports a full range of loan products for both Retail and Commercial lines of business, including Current Accounts, Fixed Term Installment loans, Mortgage, and Credit Cards. Multiple products may be originated in a single application to support "product schemes."

Multiple Collateral Options per Loan
Including personal and corporate guarantees, vehicles, cash guarantee accounts, fixed deposit accounts, notice accounts, pledge of shares, pledge of debentures, mortgages, assignment life insurance policies, floating charge, fixed charge, pledge of goods, assignments of rents/payments/contracts, etc., plus an unlimited number of collateral can be included in each loan application.

Local Credit Reporting
Can optionally, integrate with a local credit reporting agency in order to automatically load into the application debt information, payment history and credit score information for each borrower. Plus integration with a credit reporting agency automatically calculates appropriate ratios for each borrower or group, and credit information is stored as received from the credit reporting agency to ensure proper audit.

Automated Decisioning
Optional Decisioning Rules provide the ability to enter bank credit guidelines to generate a recommended decision, with the analysis presented in the Underwriting processes. Decisioning Rules include variables for each loan category, plus parameters that may be updated at any time and/or integrated with a credit reporting agency or custom score card.

Work Flow Management
Manages the movement of applications electronically between departments and/or locations - ideal for institutions where the decision-making process incorporates multiple locations. Also tracks the current location of the file and secures the application from being updated while under review at another location.

Other Key Features

• Document Preparation and Directed Print List
  Based upon product, applicant, collateral and key loan parameters, International LOS+ dynamically determines the required document set for each loan, and in each process (Application, Underwriting, Closing, etc.); full document preparation is completed within the system
• Directed Screen Flow
  International LOS+ automatically presents information that is required to complete each loan application, from the correct borrower set up through credit and collateral information; directed screen flow reduces processing and facilitates user-training and cross-training requirements
• Customer Tracking
  Client CIF Record & Diary that maintains customer information and transaction histories, allowing you to establish and track your relationships with your customers
• Financial Spreadsheet Analysis
  Facilitates the completion of the Financial Analysis of the company either via a built in financial analysis engine or by integration to the financial analysis product in use by your institution; also facilitates the on-going analysis of income producing property
• Institution Parameter Control
  Ensures that proper controls are used throughout the loan process, with the right balance of control and flexibility, including the ability to execute edit routines, based upon the institution's parameter settings, at every stage of the loan process
• Document Set
  A dynamic document preparation engine is fully integrated with International LOS+, data-mapping the appropriate fields within the system to each document and establishing the rule base by which each document should appear in each print list
• Analytics and Reporting
  The eManagement Center, or eMC, within International LOS+ provides reporting and analysis to all levels of your institution's management, delivering sales performance reports; marketing reports for cross-sales and promotional planning; audit reporting; and work measurement reports to monitor and improve efficiency across your entire lending process.

Optional Features

• Third-Party Integration with service providers including property registries, appraisal providers, insurance companies, credit repositories, etc. can be configured with International LOS+
• Fax Server and E-Doc Delivery to improve delivery time and customer experience
• eImaging to "go paperless" by using document imaging and eSignatures to eliminate the inefficiencies associated with the movement and storage of paper files, features include:
  • Link scanned documents from third parties to the loan file within the International LOS+
  • eSignatures for all loan documents created by the International LOS+ system
  • Automatic indexing and storage of all documents created by International LOS+
  • Automatic electronic access of all documents associated with the loan file

Flexible, Scalable, Customizable
International LOS+ is offered both in-house or a hosted Web-based Software as a Service implementation which requires no IT support or maintenance resources from you. It can be customized to uniquely support your loan products, your credit reporting, your workflow, your audit and compliance strategy, and your cross-selling goals.

For more information, please contact eDominate today.