Retail & Consumer Lending Software

Automate your retail lending process to manage risk and increase efficiency.

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 Consumer/Retail Loan Origination Software - Retail & Consumer Lending Software

Consumer/Retail Loan Origination Software


Revitalize your retail loan origination process by implementing a flexible and responsive consumer lending application, built on our digital transformation platform. Enable digital experience, automated underwriting, instant decision making, and efficient exception management. Ensure a customer experience-oriented, simplified loan disbursement for all loan types, including credit cards and personal loans for borrowers, without any manual intervention. Leverage digital collaboration for high-touch loans—HELOC, home equity loans, etc.—for a faster turnaround time. Utilize real-time dashboards for tracking processes, pipelines, and productivity workflows.

 -  - Retail & Consumer Lending Software
Retail & Consumer Lending Software

Digitized Lending Processes

  • Transformed consumer loan origination with end-to-end automation of loan requests, underwriting, loan decisions, closing, and booking processes in a paperless environment
  • A lending platform with straight-through processing for quicker loan approval and disbursements from financial institutions
  • Support for no-touch, low-touch, and high-touch loans processing

Multi-channel Loan Application

  • Omnichannel and multi-device initiation of loan applications
  • Intuitive self-service customer portals and real-time status tracking
  • Auto-underwriting and online approvals/soft-approvals

Risk Management

  • Identity verification/authentication and fraud management through third-party integrations
  • IP-based/device-based filters for applications
Retail & Consumer Lending Software

Intelligent Underwriting and Configurable Rules

  • Intelligent underwriting and credit analysis processes driven by business rules and scoring models
  • Rules engine for business owners to apply the required policies and exception rules
  • Customer and product-specific data capture through configurable templates

Audit and Reporting

  • Comprehensive auditing capabilities for increased compliance with dynamic regulatory requirements
  • Real-time reports with process insights for continuous process improvements
  • Drilled-down monitoring of productivity, pipeline, and service levels

Integration with Third-party Systems

  • Real-time integration with core banking and online banking for a seamless digital lending experience
  • Third-party integration with rating applications, credit bureau systems, and more integrations

Integrations

 -  - Retail & Consumer Lending Software

Lending Solutions

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Learn more

Webinar: Hot Trends in Technology and Lending for 2022

Webinar

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Webinar

Newgen Loan Origination Solution – A Game Changer for...

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Join EDMS Consultants Sdn Bhd and Newgen Software in this webinar on January 27, 2022, ...

Webinar: Newgen Loan Origination Solution – A Game Changer for Financial Institutions

Webinar

Newgen Loan Origination Solution – A Game Changer for...

On-Demand

Join First Cambodia Co. Ltd. and Newgen Software in this webinar on January 19, 2022, ...

Video: Digital business lending solution

Video

Digital business lending solution

Watch our 60-minute webinar on demand to hear about Newgen's Digital business lending solution.