A loan origination process begins when a borrower applies for a loan and ends when the lender either approves or rejects the application, with several stages in between. These stages typically include loan application, processing, underwriting, decision-making, and loan disbursement. While the core stages are consistent across institutions, each financial organization may add its own unique touch to the process.

The faster and more efficient the loan origination process, the better the customer experience, which leads to higher satisfaction with the institution.

The custom loan origination system we developed leverages cutting-edge technology to streamline the entire process. It allows banking officials to access loan applications collected from multiple touchpoints while ensuring relevant teams can view the appropriate stages and statuses throughout. With secure third-party integrations, including external decision engines and credit reporting agencies, the system empowers decision-makers to evaluate applications more effectively.

This comprehensive system allows officials to process loan applications faster, ultimately leading to happier customers.