Times are changing also in the lending industry. Consumers are used to having access to information and services 24/7, but traditional loan software does not allow for it. Also, going through a long manual process until they are finally given any feedback on their loan application isn’t an option when you want to meet the current consumer requirements. Besides that, huge software systems are complex to maintain from both the software and the legislative perspective.
Close Origination is designed to offer speed, efficiency and an optimal result for both the applicant and the loan provider. The solution is available 24/7 for consumers who submit applications by web or mobile applications, as well as for applications submitted by dealers, intermediaries and sales agents. Within Close Origination, the application is being processed in 10 steps ranging from automatic data extraction of IDs, salary slips or bank statements, checks with internal and external sources, automatic and manual assessment of the application (incl. credit scoring and risk based pricing) and the eventual offer and payment.
Our expertise in loan origination involves full knowledge of the Dutch and Belgian regulations and legislation, credit scoring methods, knowledge and connection to BKR/NBB, handling stipulations (Dutch and Belgian documents), fully understanding what risk analysis means and having deep knowledge of the Dutch and Belgian lending market both from the customer and the broker (branch) lending point of view.
Close Origination enables your organization to considerably shorten the application process, keeps the applicants informed about the status of the application throughout the whole process, and provides them with an answer on their loan application within several minutes.
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