Commercial Loan Origination Solutions Reviews and Ratings

What is Commercial Loan Origination Solutions?

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.

Products In Commercial Loan Origination Solutions Market

"Powerful Digital Banking Solution"

In this new digital era Backbase has come up with this wonderful improved banking platform that helps banks to cater customers needs and control the engagement from one place.

Read reviews
Competitors and Alternatives

Competitor or alternative data is currently unavailable

See All Alternatives

"Netoxygen LOS"

The state-of-the-art workflow system uses microservices that are fully automated, parameterized, and powered by business rules.

Read reviews

"Comprehensive Lending Platform Great to Automation"

Turnkey is a robust solution for entities seeking to streamline their operations with automation. The platform provides excellent value in terms of speed, accuracy and user-friendliness, making it an ideal choice for organizations looking to reduce manual work in the lending business.

Read reviews
Competitors and Alternatives

Competitor or alternative data is currently unavailable

See All Alternatives

"Robust Product"

Product is an industry leader and is used widely across companies and hence is quite evolved.

Read reviews
Competitors and Alternatives

Competitor or alternative data is currently unavailable

See All Alternatives

"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.

Read reviews
Competitors and Alternatives

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.

Read reviews

"Nice product for short term loans"

it is a decent priduct for small size loans with shorter term. It is bit hefty product

Read reviews

"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.

Read reviews

"User friendly and Powerful"

User-friendly when it comes to customization, integrations, and even multilingual. It helped in digitalizing the entire financial cycle.

Read reviews
Competitors and Alternatives
Newgen vs FinastraSee All Alternatives

"TCS BaNCS : Transforming Loan Management with Effective Scalability and Flexibility"

TCS BaNCS supports all stages of the loan process, including loan application, underwriting, approval, disbursement and repayment. This integrated approach eliminated the need for multiple systems, which improved efficiency and reduced errors. The system is designed in such a way that it handles growing volumes of transactions. It also has complete audit trails, which make it easy to monitor compliance and generate reports required by regulators and auditors.

Read reviews

"Looking for new system"

System does not fit the new demands for integration and development

Read reviews
Competitors and Alternatives
Tietoevry vs BackbaseSee All Alternatives
Products 1 - 12