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.
Ensuring Real Outcomes for Every Role
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
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
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
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
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
- 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
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