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Origination System (LOS)
Single system solution for a rapid, streamlined loan decision and funding
process
Executive Summary:
Single platform lease and loan originations
Rapid turnaround time for loan closing
More effective loan decision and closing process
Origination System (LOS) In-depth
Accuracy, speed, and consistency are crucial to successful credit processing,
and LOS provides all three elements.
Once the credit information has been entered, the LOS credit module decisions
the application using your financial institution’s parameters for leases, loans
or balloon notes.
LOS leads your analyst through a flow that reflects your organization’s unique
review rules and process steps.
Before requesting a Bureau score, LOS runs a series of checks for duplicate
application, pre-existing accounts, and high-risk apps to assist your fraud
prevention measures.
You can also control such important filters as minimum age of applicant
and geographic limits of your trade area.
You can set up LOS to auto-approve and auto-decline applications that
fall squarely within your parameters, or queue the item for review by a
supervisor as needed.
In addition to base system decision capabilities, LOS is also fully
integrated with a third-party decision engine. The optional Powered by
Monetrics™ decision engine can reduce portfolio risk and improve booking
rates, even with increasing application volumes.
Tiered-pricing ensures that loans are priced right for your criteria.
Model year, contract term, advance, and amount financed are taken into
consideration.
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