Loan Management System
A digital loan origination and management system to support various financing providers
VERICOS Digital Loan Origination and Management System is iMocha’s loan managemnet software solution targeted at all types of lending institutions (banking and non-banking) who wish to be at the forefront of offering paperless end-to-end origination, processing and management of loan accounts.
VERICOS supports multiple financing products:-
– Personal loans
– SME / business loans
– Leasing
– Hire-purchase
– Invoice financing
– Supply chain financing
– Factoring
– BuyNow PayLater
– Micro-financing
– Customised lending products
Main Features
digital Loan Origination
Direct / Application
- Digital origination platform for assisted or self-service application
- Extendable to end customer or partners
- Document capture & digitalisation of data
- Real-time processing with desired workflow
- Customer portal / mobile app for self-service enquiry & repayment
Application Processing
- System validation & verification of data & supporting documents
- Integrations wit 3rd party & screening agencies
- AI automation of document & application data
Pre-Screening / Credit scoring
- Real-time integration to CTOS, Experian, Credit Bureau, etc.
- Data verification with SSM, AML, PEP, Insolvensi, etc.
- Bank statement, EPF, payslips, LHDN EA form analysis, etc.
- Configurable credit scoring
Verification & Approval
- Multi-level verification & approval workflow
- Configurable workflows
- Escalations
- Interfaces with 3rd part credit scoring engines
Post-Approval / Rejection
- Document template management and printing
- Online digital signing & acceptance
- Integrated biometrics verification for document execution
- Appeal / documentation
- Optional Syariah-based processing flow
Loan Management
- Customer account management
- Fees, charges, account statement & integration to accounting system
- Data analysis on customer activity and loan products performance
System features
- Flexible product management module
- Multi-criteria terms of underwriting
- Configurable credit scoring engines
- Full reporting capabilities
- Integration & support for bundled products such as Insurance/ takaful
- Collection module
- Call centre module
digital Loan Origination
Main Modules & Sub-components
Pre-Sales
- Extension to relevant third parties
- Partner Integration for sales / white labelling
Backoffice
& Administration
- Monitoring
- Reports
- Dashboards
- Flexible Organisation
- Flexible Products
- Flexible Processes
- GUI-based Workflow Authoring
Collection & Recovery
- Monitoring
- Reports
- Dashboards
- Flexible Organisation
- Flexible Products
- Flexible Processes
- GUI-based Workflow Authoring
Origination / Approval
- Pre-screening & Credit Check
- Scoring & Profiling
- Activities & Checklists
- Sales Tracking & Campaigns / Reports
Document Management
- PDF Documents with Data & Mail Merge
- Multi-recipient Correspondence
- Documents (Scanned, Images, etc.)
- Folders & Checklists
- Bulk Segmented Document Sending
Disbursement
- Account Creation / Verification
- Disbursement Checklists
- 3rd Party Disbursement Management
Services
We also custom-build channel applications for :
customised Loan Platforms
- Covers All Products
- Cards
- Retail
- Corporate (SME)
- Multiple Marketing Plans Per Product
- Flexible Plan Options
- Interest Only
- Multi-phased Repayments
- Integrates Branch and Head Office Approval Processes
- Capture Applicant Details
- Key Metrics For Scoring
- Documents For Validation
- Proof of Identity
- Contact Details
- Loan Calculation Simulations And Quotations
- Loan Repayment Calculations And Schedule
- Flexible Application And Policy Validation Scoring
- Risk Based Rating and Service Pricing
- Loan Repayment Calculations, Schedule And Simulations
- Capture And Tracking Of Collateral Details
- Documentation
- Valuations
- Photo Evidence
- De-dupe Validation and External Database (Bureau, Blacklist, etc)
- Approval Process By Plan Is Definable, Routable And Tracked At Each Level Against SLA
- Loan Agreement Printing And Delivery Confirmation
- Disbursement Control For Single And Multi-Phased Disbursements
- Enables Loan Restructuring (Maintenance)
- Integration With Other Application Module For Risk-Based Loan Restructuring And Collections Strategies
P2P Platforms
- News / Latest Content / Promotions
- P2P FAQs and Info
- Investor Onboarding
- Borrower Onboarding
- Market / Auction Model
- Borrower Profile / Investment Opportunity (Summary)
- Borrower Profile / Investment Opportunity (Detailed)
- Investor Portfolio Management
- Investment Risk Banking
- Portfolio Performance (Current & Historical)
- Loan / Investment Return Calculator
- Self Investment / Managed Investment
- Rolling / Fixed Investment
- Insurance Bundling
- Borrowers Provision Fund
- Multi-Lingual
- Multi-Currency
- Content Management Driven (For Static Content Pages Only)
- Mobile Friendly Web and/or Mobile App
- Backoffice Management
- Integration To 3rd Party Credit Checking Providers
- Internal Scoring Engine
- Integration to Banks
- Communication via SMS, Push Notification, eMail
- Document Management For Applicants
- Standard Document Template Management
- KYC Management
- Product Set-up
- Workflow Driven
- Fee Set-up
- Loan Portfolio Monitoring
- Reporting Tools
- Customised Operational & Financial Dashboard
- BI Tools
- Social Media Linkage
- Referrals / Affiliate Marketing
3rd Party Disbursement Management
- Direct LOS Integration and Initiation
- 3rd Party Definition And Configuration With Tenancy Options
- Full End-To-End Multi-Party Collaborative Processes
- Processes Configuration By Customer/Product Type
- Support For Retail And Commercial Loans
- Workflow Driven Work Assignment And Tracking
- Partner Access, Progress Tracking And SLA Warnings And Alerts
- Multi-Level Approval Workflows, Activities & Checklists
- Exception And Escalation Handling
- Document Creation Template Forms And Correspondence
- Capture For Applicant, Asset And Process Documentation
- Shared Documents For Immediate Access
- Integrated Multi-Party, Multi-Contract, Messaging And Correspondence
- Applicant Validation Including Documents And External Assessment
- Integration Of External Services For Application Verification
- Asset Valuations, Documents And Photo Evidence
- Reporting And Dashboards For Rejections & Progression Rates
Collections & Recovery
- Flexible Account Data Integration (ETL)
- Configurable Case Assignment (Workflow)
- Automated Dunning Services
- Flexible Collection Strategies (Champion, Preemptive, Etc.)
- Options For Shared (Pooled) Resource Allocation
- Call Center Optimisation (CTI, Call Scripts, Etc.)
- Automated PTP Tracking
- PTP Options For Instalments, Waivers, Fee Charges And Dispute Management
- Transaction Integration (Payments)
- Automated Follow Up & Diary Integration
- Options For Other Transaction Processing DR/CR
- Assignment To Workflow For Process Completion
- Assignment To TP For External Processes:
- Field Collections
- Agencies
- Legal Professionals For Litigation
- TP Data Integration For Collaboration And Case Visibility
- Assignment Of TP Fees & Commissions
- Customer Summary (Visibility To Related Account Case Data)
- Productivity Features (Fast Case To Case Access, CTI Options, Etc.)
- Productivity Tracking & Portfolio Risk Analysis
system
We custom-built these systems for clients
- Covers All Products
- Cards
- Retail
- Corporate (SME)
- Multiple Marketing Plans Per Product
- Flexible Plan Options
- Interest Only
- Multi-phased Repayments
- Integrates Branch and Head Office Approval Processes
- Capture Applicant Details
- Key Metrics For Scoring
- Documents For Validation
- Proof of Identity
- Contact Details
- Loan Calculation Simulations And Quotations
- Loan Repayment Calculations And Schedule
- Flexible Application And Policy Validation Scoring
- Risk Based Rating and Service Pricing
- Loan Repayment Calculations, Schedule And Simulations
- Capture And Tracking Of Collateral Details
- Documentation
- Valuations
- Photo Evidence
- De-dupe Validation and External Database (Bureau, Blacklist, etc)
- Approval Process By Plan Is Definable, Routable And Tracked At Each Level Against SLA
- Loan Agreement Printing And Delivery Confirmation
- Disbursement Control For Single And Multi-Phased Disbursements
- Enables Loan Restructuring (Maintenance)
- Integration With Other Application Module For Risk-Based Loan Restructuring And Collections Strategies
- News / Latest Content / Promotions
- P2P FAQs and Info
- Investor Onboarding
- Borrower Onboarding
- Market / Auction Model
- Borrower Profile / Investment Opportunity (Summary)
- Borrower Profile / Investment Opportunity (Detailed)
- Investor Portfolio Management
- Investment Risk Banking
- Portfolio Performance (Current & Historical)
- Loan / Investment Return Calculator
- Self Investment / Managed Investment
- Rolling / Fixed Investment
- Insurance Bundling
- Borrowers Provision Fund
- Multi-Lingual
- Multi-Currency
- Content Management Driven (For Static Content Pages Only)
- Mobile Friendly Web and/or Mobile App
- Backoffice Management
- Integration To 3rd Party Credit Checking Providers
- Internal Scoring Engine
- Integration to Banks
- Communication via SMS, Push Notification, eMail
- Document Management For Applicants
- Standard Document Template Management
- KYC Management
- Product Set-up
- Workflow Driven
- Fee Set-up
- Loan Portfolio Monitoring
- Reporting Tools
- Customised Operational & Financial Dashboard
- BI Tools
- Social Media Linkage
- Referrals / Affiliate Marketing
- Direct LOS Integration and Initiation
- 3rd Party Definition And Configuration With Tenancy Options
- Full End-To-End Multi-Party Collaborative Processes
- Processes Configuration By Customer/Product Type
- Support For Retail And Commercial Loans
- Workflow Driven Work Assignment And Tracking
- Partner Access, Progress Tracking And SLA Warnings And Alerts
- Multi-Level Approval Workflows, Activities & Checklists
- Exception And Escalation Handling
- Document Creation Template Forms And Correspondence
- Capture For Applicant, Asset And Process Documentation
- Shared Documents For Immediate Access
- Integrated Multi-Party, Multi-Contract, Messaging And Correspondence
- Applicant Validation Including Documents And External Assessment
- Integration Of External Services For Application Verification
- Asset Valuations, Documents And Photo Evidence
- Reporting And Dashboards For Rejections & Progression Rates
- Flexible Account Data Integration (ETL)
- Configurable Case Assignment (Workflow)
- Automated Dunning Services
- Flexible Collection Strategies (Champion, Preemptive, Etc.)
- Options For Shared (Pooled) Resource Allocation
- Call Center Optimisation (CTI, Call Scripts, Etc.)
- Automated PTP Tracking
- PTP Options For Instalments, Waivers, Fee Charges And Dispute Management
- Transaction Integration (Payments)
- Automated Follow Up & Diary Integration
- Options For Other Transaction Processing DR/CR
- Assignment To Workflow For Process Completion
- Assignment To TP For External Processes:
- Field Collections
- Agencies
- Legal Professionals For Litigation
- TP Data Integration For Collaboration And Case Visibility
- Assignment Of TP Fees & Commissions
- Customer Summary (Visibility To Related Account Case Data)
- Productivity Features (Fast Case To Case Access, CTI Options, Etc.)
- Productivity Tracking & Portfolio Risk Analysis
Curious about our solutions? Request a demo today.
If you are interested in seeing the solution in action and finding out how we can help your business, please fill out the form below and we’ll get that booked for you right away.