Loan Origination System
Ensuring top performance for all loan product across retail segment
MicroMac's LOS is a comprehensive tool that will run all stages of lending process starting from data collection up to fund disbursement – with all steps in between automated. It is designed to fit the market need for digital and automated lending experience.
- Automation of process that supports the digital transformation of lending processes.
- Significant reductions in processing time to process credit applications.
- Increases productivity by actively managing loan completeness by removing non-value-added work steps.
- Reduces risk, lending cost and increases customer satisfaction index by ensuring less time to serve.
- Task management – to coordinate team efficiency.
- Audit preparation and exception management is swift and done in a click.
- Saves management and administrative time through single window monitoring and performance reporting respectively.
- Eliminates risk of errors – system guides users and ensures data consistency.
- Data entry once – no need to type the same data more than once.
- Faster decision - automated flows and no time-consuming processes.
- My Inbox/Queue - All incoming cases are easily handled according to SLA priorities.
- Quick pre-qualification and credit decision.
- Digital document flow.
- Email and SMS notifications regarding application statuses.
- Decision and fund disbursement in less time.
- CIB Functions, Data Capturing Functions
- File Allocation, Fraud Check Functions
- Credit Turnover calculation, Scoring Function (Salaried only)
- CPV Function, Income and DBR Calculation
- Approval Function, Decline Functions, Drop/Cancel Functions
- Send Query Management Functions
- Inbox Functions, Smart Queue Management Functions
- History Management Functions
- Electronic Approval, Real Time Status Update Functions
- Source View, Application Tracking, Documentation
- Data Download, Disbursement
- User Access Control, File Deletion, Administrative