“Newgen’s Loan Origination Solution ensured 100% adherence to regulatory requirements, mitigating legal and financial risks. With seamless integration into multiple third-party systems, we witnessed an end-to-end automation journey for our commercial lending business.”
Head of Industrial Lending, Leading U.S. Bank
Leverage AI for end-to-end automation covering prospecting, application submission, underwriting, approval, loan closing, and booking
True digital portal for borrowers, appraisers, and attorneys to coordinate with financial institutions
Reduced underwriting efforts with AI-powered pre-configured templates for C&I lending
Automated data extraction from tax returns and financial statements to automate the spreading process
Parallel processing and approval capability for multiple tasks during the loan origination cycle
Integrated loan closing by connecting with the industry-standard document prep engines
AI-led portfolio monitoring and early warning system
Extending automation to ongoing review/renewals and covenant monitoring