Home Loan Origination Software| Newgen

Newgen’s comprehensive loan origination solution based on a low-code platform comes with pre-configured, industry-standard digital lending journeys for home loans, which can be tailored to meet the specific needs of the bank. It can automate the entire home loan origination process, ensuring a fully digital experience for both new and existing customers. This solution is crafted to improve borrower convenience while banks can enhance their sanction and disbursal rates, streamlining and accelerating the entire lending process.

Features of Newgen Home Loan Origination Solution

Completely Automated Journey

Streamline process right from customer identification to verification, underwriting, and disbursements across multiple channels. Capture a comprehensive profile of the applicant, including Internal liabilities and assets, income, and expenditures.

Instant Document Generation

Generate pre-qualification documents, CAM (Credit Appraisal Memo), sanction letter, and disbursement letter, which can be downloaded and shared with the customer instantly. Allow instant customer consent by capturing the E-signature of the customer via digital process.

Financial Evaluation

Examines financial records, including bank statements, pay slips, Income Tax Returns (ITR), and Profit and Loss (P&L) statements. Extend home loans for land purchase, house construction, expansion, or renovation. Provide access to services from certified lawyers and appraisers for property authentication and verification.

Automated Underwriting

Uses rule engine-based internal scoring and conducts a comprehensive application analysis to determine the maximum allowable bank financing. Generate various kinds of repayment/amortization schedules for the entire loan tenure as per the requirement.

Collateral Management

Capture complete collateral information, conduct deduplication checks, and assess cross-collateralization. Facilitate home loan eligibility for real estate properties and projects endorsed by the bank.