Comarch Loan Origination
Comarch Loan Origination is a system that provides a comprehensive service of credit processes and enables independent management by administrators in a financial institution of all elements of the product, process and screen forms, prints, business parameters and logic, including algorithms. Configurability and system flexibility cut the time of implementing changes or new products to the minimum and the testing functions allow implementing fully correct and verified products.
Comarch Loan Origination platform supports credit processes for any type of credit products targeted to all types of customers via any sales channel. The system provides end-to-end support for credit-granting process, from simulation through to fund disbursement, and we close the loop by after-sales support.
Comarch Loan Origination marries a mature set of functionalities with a flexible approach. The solution stands out from other solutions available on the market owing to its high flexibility, which allows the adjustment of processes to the actual needs of the institution.
The platform key features include:
• End-to-end support and process automation – wide range of the platform modules and features support loan product sales on every single process stage from simulation to disbursement
• Wide range of business configuration – multi-dimensional parameterization and edition of system components (incl. parameters of credit products, the process itself, screens, printouts, etc.)
• Full management of loan documentation – both for generation (e.g. applications, agreements, schedules) and collection (e.g. income certificates, financial statements) of documents in the whole loan processes
• Mitigation of credit risk – dedicated scoring and rating module
• Differential approach to decision making - starting from the automated decisions, to the multi-level decisions with support to competence limits and organizational structure
• Multi-channel approach – generic API allows to handle with applications from different sales channels in the single platform
Comarch Loan Origination is distinguished by:
• Complete offer - Rich set of system features allows to service a full range of loan products for all types of individual and business customers. This one, multi-channel platform covers or integrates number of back-end systems to support end-to-end loan granting processes.
• Optimized customer journey - Great user experience that perfectly reflects business processes of loan products sales for all segments of customers, allowing to use the system in both comfortable and secure way, with full control maintained.
• Quick time-to-market - Modular system design and wide range of business configuration result in exceptionally quick time-to-market of the solution including business processes precisely tailored to bank's needs.
Implementing the CLO platform delivers the following key business benefits:
• End-to-end support and process automation – Comarch Loan Origination automates the work of customer advisors managing the credit-granting process at its every stage. The platform allows to optimize the most vital elements of credit management in relation to customers: loan simulation, application verification, analysis of customer financial situation (including database checks), decision making and fund disbursement.
• Wide range of business customization – The solution stands out for its exceptional flexibility and the possibility of defining and modeling business processes and other system elements (among others credit products parameters, screens, prints, available financial protection or scoring and rating algorithms). All changes may be made by business persons without technical background what allows rapid responses to changing market and law conditions and significantly reduce time-to-market parameter.
• Digitalization of paper-based processes – The platform includes the dedicated modules for generating (among others forms, agreements, schedules) and gathering (among others proof of income, financial statements) documents under the credit process. All prints are made on the basis of definable templates what automates the preparation of the credit documentation.
• Cost and risk reduction – Thanks to a modular design, the platform can also significantly reduce operating costs of any given bank: the institution only pays for functions they actually use. Automated and digitized processes as well as user friendly interfaces allows to improve the efficiency of bank's employees what results in increasing of sales volume, and on the other hand reducing operational and credit risk.
• Technology – Comarch Loan Origination is based on well-tested, reliable solutions, allowing work in a variety of client and server environments, and also providing scalability, high performance and availability. The system architecture allows to easily integrate the platform not only with internal systems, including the central system or CRM, but also external ones.