Commercial Lending Software | Commercial Loan Origination System (CLOS)

Commercial Loan Origination Software

Originate, process, disburse, and monitor commercial loans with our commercial loan origination software, built on a unified digital platform. Gain better insights into your high-profile accounts to enhance profitability and underwrite loans competitively. Leverage online, self-service portals for various stakeholders, including borrowers, brokers, appraisers, and more, to ensure seamless communication and request fulfillment. Achieve a faster go-to-market and stay on top of regulatory requirements, all while empowering your relationship managers with the tools to deliver an unparalleled customer experience.

Newgen’s Commercial Loan Origination Software

Ensuring Real Outcomes for Every Role

Chief Executive Officer

Responsible for overall business strategy, CEOs can leverage Newgen’s commercial lending software to ensure cost efficiency while maintaining credit compliance, managing risk, and overseeing credit growth. All of this enables them to deliver a greater ROI to stakeholders, including customers, employees, and partners.

Increased profitability and revenue
Quicker loan disbursal
Higher volume of loan originations
Rapid deployment for a faster ROI
Faster time to market

Chief Lending Officer

With a focus on monitoring and growing credit, CLOs can maintain a healthy portfolio mix, drive market penetration, and reduce costs by leveraging a robust commercial lending solution. This further allows them to manage stakeholder relationships and ensure a faster ROI.

Simplified communication using digital portals
Improved productivity of loan officers and underwriters
Shorter turnaround times
Automated decisions for small value loans
Greater frequency of first time right processing

Chief Operating Officer

COOs are responsible for streamlining operations, maintaining efficiencies, and ensuring real-time visibility and transparency across all processes. A commercial loan origination software can help them seamlessly manage documentation, loan servicing, funding, and closing, among other things.

Increased number of loans serviced per staff (FTE)
Improved productivity and an optimized workforce
Centralized document access and processing
Reduced operational costs
Enhanced application tracking and monitoring

Chief Risk Officer

Responsible for ensuring compliance and mitigating risk, CROs can implement a robust commercial loan origination software to safeguard their organization. The software can help CROs manage credit risk, control risk distribution, ensure effective risk rating, and much more.

Enhanced portfolio risk monitoring and mitigation
Dynamic credit risk modeling
More effective risk rating models and scorecards
Ensured continuous improvement
Integrated financial analysis
Improved data governance and management

Chief Information Officer

CIOs are primarily responsible for ensuring technological advancement and modernization. With a commercial loan origination software, they can develop and implement new or upgraded systems, while ensuring scalability and adaptability, to support business goals.

Modern, adaptable, and configurable software built on a low code platform
Stronger data analytics and a centralized repository for data and documents
Quicker provisioning with cloud deployment
Ease of integration with core and third-party systems
Lower maintenance costs

Provisions for All Loan Types

Automated segregation of loans based on loan value, loan type, and exposure
Separate application, underwriting, risk rating, and approval workflow based on loan type

Portfolio Monitoring and Analysis

Portfolio monitoring and automated tracking and retrieval of collaterals and covenants
Automated validations, and customer alerts through the borrower portal, related to missing data and documents

Intelligent Underwriting and Risk Rating

Underwriting module to adopt bank-specific spreading requirements, featuring templates for C&I and CRE
Advanced analysis on global cash flows, global DSCR, discounted cash flows, property analysis, and stress testing
Configurable loan presentation with pick-and-choose sections, spreads, and narrative
Rule-based, configurable risk rating module and workflow-based exception management and tracking

Management of Leads and Customer Relationships

Integrated CRM module to manage and review customer relationships
Lead management capabilities, including lead creation, activity scheduling, reminders, and pipeline management
Seamless flow of lead data and documents into loan origination system

Integrated Loan Closing

Tight integration with industry standard document preparation engines for generating loan packages
Automated requests to attorneys for document generation and coordination through attorney portal
Integration with multiple third-party systems, including CRM, credit bureau, property appraisal services, OFAC, title searches, lien searches, document preparation engine, pricing engine, CECL, and HMDA compliance

Rapid Loan Origination and Renewal

Instant loan booking with seamless two-way integration into the core banking system

Fast-tracked loan review and renewal process with auto-data population and exception-based approvals

360-degree Visibility

Dashboards to generate operational, productivity, and investigative reports
Personalized dashboards based on users’ profile
Real-time alerts on critical business events, including non-compliance and delinquent loans

Integrations