At the initial stages data entry is being done to keep a track of all inflows like Initial Money Receipt, Installment Amount etc and outflows of loans like Amount Finance, Dealer Commission payable, etc. It basically gives the information regarding the Loan details, Sourcing details, Asset details, Charges and Repayment Schedule. In next level a detailed information is being taken which requires customers details like Demographic details, Liabilities, Address, Bank details, Credit Card, Fixed Deposit, Financial details, De-duplication Logic, Guarantor/ Co-Applicant details and Current Assets.
Loan Origination System gives a number of benefits to the financial organizations like processing a loan through a Central Processing Unit provides integration of Sourcing, Field Investigation and Processing Agencies .Secondly it comprises of Work flow based processing to provide a multi-tier consent and deviation processes followed by organizations. This process is quite swift in terms making
authority and allows easy accessible of cash anywhere and anytime. As it is Bank Management tool and web based there is Two-way info sharing of results and allows completeness of additional dox information file , and supports shift type data entry and helps in the Cost Per Action by enabling faster and better online services. A centralized and secure Master framework, helps organizations effectively introduce 'quick-to-market' schemes for a competitive edge.
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