veriloan loan origination and servicing solution...
TRANSCRIPT
Loan Originationand ServicingSolution
VeriLoan
Architecture
SMSBANKING
MOBILEBANKING
CALL CENTER
CREDIT
SALES
RISK
HR
COMPLIANCE
OPERATIONS
Customer Search &Deduplication
Repayment ScheduleGeneration
Document Template &Form Generation
Products Pricing &Document Packages
Eligibility Calculator
Single Customer View
Credit Policy Automation
Central Bank, WorldCheckand emCredit Checks
Provisional Offer Letter
Credit Scoring
Loan Booking &Disbursement
Collateral Management
SELF SERVICEKIOSK / ATM
SOCIALBANKING
TABLETBANKING
ONLINEBANKING
Personal Loan Credit Card Auto Loan MortgageDEALER
REAL ESTATEAGENT
BRANCH
TELE-SALESDIRECT-SALES
VeriLoan brings about taster turnaround time with its focus on paperless processes. In this manner, loan applications processes are generally finalized in four hours. Powerful deduplication logic enables early detection of both existing customers and previous applicants early in the process to prevent costly rejections by detecting previously rejected prospects at the initial stage.
www.veripark.comVeriLoan - Loan Origination and Servicing Solution
VeriLoan is a web based lending automation for financial institutions. It automates the complete loan origination process from pre-application to application, from systems check to deviations, from underwriting to financial approvals to operational steps, while strictly enforcing products’ credit policy rules throughout the process.
Sales Unit
Centralize Scanning& Data Entry
Credit Unit
Operations Unit
Start EligibilityCalculation
ApplicationPrinting
DocumentScanning
Application CreationClient ID Reservation
De-dup Check
Document Verificationand Checklist Control
End
Data Entry Data EntryVerification
External SystemsChecks
Contact PointVerification Credit Analysis Deviation & Finance
Approval
Finance Booking CustomerCommunication
Wide range of Interest Rates, Payment Plans, and Flexible Pricing:Payment plan options
Increasing/Decreasing InstallmentsIncreasing/Decreasing Interest RateFlexible Payment Plan (Regular/Irregular repayments)Teaser Rates/Buy Down OptionsReset OptionEqual PrincipleDecreasing Balance
Interest rate optionsFixed Interest RateVariable Interest RateFixed and Variable Interest RateIncreasing/Decreasing RateHELOC
Payment PlanProduct Details Documents Fees
Vade Instalment(USD)
Principal(USD)
Interest(USD)
RemainingDebt(USD)
PaymentDate RUSF BITT
1 0,00 0,00615,09 602,96 14.01.201424.397,0412,13
2 0,00 0,00
3 0,00 0,00
4 0,00 0,00
5 0,00 0,00
6 0,00 0,00
7 0,00 0,00
8 0,00 0,00
9 0,00 0,00
615,09 436,99 14.02.201423.960,05178,10
615,09 440,18 14.03.201423.519,87174,91
615,09 443,39 14.04.201423.076,48171,70
615,09 446,63 14.05.201422.629,85168,46
615,09 449,89 14.06.201422.179,96165,20
615,09 453,18 14.07.201421.726,69161,91
615,09 456,48 14.08.201421.270,30158,61
615,09 459,83 14.09.201420.810,48155,37
Products are defined through a combination of packages. End users can define any package and build a product by combining any of the following packages:
Generic and Flexible Product Definition Framework
Document Package
Payment Plan Package Collateral Package
Pricing Package Credit Package Expense Package
www.veripark.comVeriLoan - Loan Origination and Servicing Solution
VeriLoan gathers proven technology, processes and people under the framework of a holistic solution resulting in reduced costs, a single 360°
customer view and defragmented channels.
Collection FeaturesCollectionStrategy
Settlement
Workflows
ActivityManagement
ProactiveActions
Dashboards
Servicing FeaturesNo ObjectionLetters
Re-financing
Restructuring
PaymentDeferral
Early Closure
Each product has its own credit policy. These policies are defined in a rule engine and enforced at early stages of an application in eligibility calculators. The rule engine allows definition of rules on age, income, and occupation restrictions, as well as calculations of customer’s eligibility, debt burden ratio, and limits. Applications are automatically validated against the policy, with an indication of required approvals.
The rule engine provides end users the possibility to immediately change existing rules and add new ones as necessary, with effective dates, versioning, audit trail, and publishing functionality.
Rule Engine Based Eligibility
Key Features
VeriLoan - Loan Origination and Servicing Solution www.veripark.com
Eligibility CalculatorsPolicy Based CalculatorsWeb, Call Center, CRM InterfacesBlack List ChecksDedup WarningsEmployer Listing Based
CRM IntegrationDeduplicationApplication HistoryEligibility Check at Call CenterLead Capture at Call Center
Systems CheckInternal Black ListWorld CheckCentral Bank ChecksCredit Bureau Scoring
Rule EngineSystem Parameters DefinitionRule DefinitionsEligibility AnalysisEscalation RulesScoring Logic
ServicingEarly PaymentEarly ClosureRestructureRefinancePayment DeferralCollections
MIS DashboardQueue Performance ReportTAT ReportAgeing Applications Report
Loan Work flows OriginationSalesDocumentationBlacklistProcessingAppraisal
LienUnderwritingDisbursementClosingPost ClosingServicing
Integration ModuleCentral Credit IntegrationCore Banking IntegrationCertificate of IdentificationAuthentication IntegrationLocal Address Database System IntegrationEarthquake Hazard Database Integration
Back OfficeSecurityCommissionsReportingProvider Management
Internet BankingCall-CenterKioskBranch TellerSMS BankingMobile Banking
Contact Center360 Degree Customer ViewComplaint ManagementMarketingNew Customer EnrollmentSales Lead CapturingSales Force Automation
Personal LoansCredit CardAuto LoansMortgage LoansServicing and Application Processes
VeriPark is a software house specialized in providing software solutions to financial institutions. VeriPark is a Gold Partner for Microsoft Dynamics CRM and has offices in Istanbul, Dubai, Riyadh and Cairo.
VeriPark finance sector solution offerings
VeriBranch VeriTouch VeriLoanLoan OriginationSolution
Omni ChannelDelivery Solution
CRM Solutionfor Banking and Insurance
About VeriPark