Gartner defines commercial loan origination solutions (CLOSs) as software applications that enable lending institutions to manage the end-to-end process of opening lending products, from application through underwriting and closing, for businesses of different sizes. These can be consumed as on-premises software, cloud-based SaaS, integrations and API, and white-labelled solutions. CLOSs are software solutions specifically designed to facilitate the evaluation, approval, settlement, and documentation of loans for businesses. These solutions serve as a centralized platform for lenders to assess business creditworthiness, collect and analyze financial information, automate document processing, and streamline the commercial lending process. The primary purpose of CLOSs includes activities such as processing loan applications, managing risk, managing collateral, and improving operational efficiency. These solutions offer solutions to problems such as lengthy approval processes, manual data entry, complex financial analysis, and cumbersome documentation requirements.
"Netoxygen LOS"
The state-of-the-art workflow system uses microservices that are fully automated, parameterized, and powered by business rules.
"Easy to deploy and use!"
Overall, Loan IQ is a great product to use. While not fully customizable, it does offer ease of accessibility. The product also has great support team that is able to help us often, which is very comforting especially when we are deploying the app newly.
Competitor or alternative data is currently unavailable
See All Alternatives"Fast, easy, simple and affordable turn-key solution."
The system truly meets up to its name. Within three months of contract execution, we made our first loan. The system configuration is simple and straight-forward even for someone without a technical background.
Competitor or alternative data is currently unavailable
See All Alternatives"Fin Flux is an excellent product to generate in time reports and makes Accounting easy"
Integration of FIn FLux is easy. The product is very stable. Overall Migration and implementation are not difficult. Customer service is available, and they are very responsive in providing solution. Intergration with APIs is easy and very quick.
"Robust Product"
Product is an industry leader and is used widely across companies and hence is quite evolved.
Competitor or alternative data is currently unavailable
See All Alternatives"Nice product for short term loans"
it is a decent priduct for small size loans with shorter term. It is bit hefty product
"Overall experience with Lend Pad"
Saves lots on money and helps in cost management for the entire lending process cycle. Offers centralized location to track mortgage processing for all the users made of brokers, lenders, bankers and buyers.
"User friendly and Powerful"
User-friendly when it comes to customization, integrations, and even multilingual. It helped in digitalizing the entire financial cycle.
"Looking for new system"
System does not fit the new demands for integration and development
Competitor or alternative data is currently unavailable
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