Third Party Disbursement Management
A web & mobile loan origination system for financial institutions for the auto-industry
VERICOS Loan Origination is iMocha’s loan origination software solution targeted at financial institutions or hire-purchase lenders who wish to be at the forefront of offering paperless end-to-end origination of loan from data-entry till decision making.
VERICOS Loan Origination is hire-purchase centric and is integrated to major sources such as CTOS, FIS, and CCRIS for credit reference data.
Benefits
Following are Key Benefits of the product:
- Improved visibility and progress tracking
- Improves third party collaboration and performance
- Reduces dependencies to streamline processes
- Reduces clerical tasks and related costs
- Simplified implementation and support
- Flexibility for continuous process improvement
- Better performance reporting & analysis
- Improved QoS, customer satisfaction and ROI
Features
Following are Key Features of the product:
- Direct LOS integration and initiation
- Third 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 appproval workflows, activities and 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-contact, 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 and progression rates
OUR PRODUCTS
For more details information, you may refers to below product brochure.
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.