Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Finastra Loan IQ Simplified Servicing is an innovative online solution integrated into the Loan IQ platform, aimed at enhancing the efficiency and automation of servicing bilateral and small to medium-sized enterprise (SME) loan portfolios through a cohesive, contemporary interface. This system harmonizes the complete capabilities of Loan IQ with a more straightforward user experience, eliminating redundant processing steps and minimizing operational difficulties, which empowers financial institutions to oversee their entire loan portfolio seamlessly from a single platform. By offering intuitive workflows, task automation, and an exception-based processing approach, it caters to high-volume lending operations, thereby boosting efficiency, scalability, and uniformity across various business sectors. Furthermore, it provides lenders with the ability to merge different loan types and processes into one centralized system, which decreases dependence on disjointed technologies, cuts down integration expenses, and enhances data accuracy and transparency. Overall, this solution represents a significant advancement in loan servicing for financial institutions looking to optimize their operations.
Description
The loan application journey ought to be as enjoyable and hassle-free as possible, and that’s precisely the benefit our Loan Origination Suite (LOS) brings to the table. Tailored specifically for Canadian Credit Unions, LOS is a comprehensive software solution featuring full third-party integration, which can drastically reduce the time it takes to finalize a loan, potentially by 75%. Gone are the days of overwhelming processes; Technicost transforms the assessment of your clients’ loan eligibility into a quick, straightforward, and highly effective experience. With our seamless system, you can manage the entire process independently. In as little as 20 minutes, you can determine not only if your customer qualifies for a loan but also the exact amount they can borrow, freeing up valuable time in your day. Have an extended lunch break? Consider it a chance to enjoy the streamlined, one-stop solution for credit unions that enables you to monitor the progress of all outstanding loans while simultaneously lowering costs associated with document preparation and minimizing processing inaccuracies. And this is merely scratching the surface of what LOS can offer to improve your lending operations.
API Access
Has API
Yes
API Access
Has API
No
Integrations
Finastra
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$500 per month
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Finastra
Founded
2017
Country
United Kingdom
Website
www.finastra.com/lending/solutions/loan-iq
Vendor Details
Company Name
Technicost
Founded
1982
Country
Canada
Website
www.technicost.com/products/los-loan-origination/
Product Features
Commercial Loan
Asset Management
No
Audit Trail
No
Complex Debt Structures
No
Dashboard
No
Document Management
No
Exposure Management
No
Lead Management
No
Pipeline Management
No
Risk Management
No
Trend Analysis
No
Loan Origination
Amortization Schedule
No
Audit Trail
No
Closing Documents
No
Compliance Management
No
Customer Database
No
Digital Signature
No
Document Management
No
Fee Management
No
Loan Processing
No
Online Application
No
Loan Servicing
Accounting Management
No
Amortization Schedule
No
Application Management
No
Auto Loans
No
Automatic Funds Distribution
No
Business Loans
No
Collateral Tracking
No
Collections Management
No
Compliance Management
No
Construction Loans
No
Customer Database
No
Fee Management
No
Investor Management
No
Loan Processing
No
Student Loans
No
Mortgage and Loans
Amortization Schedule
No
Client Database
No
Closing Documents
No
Commercial Mortgages
No
Contact Management
No
Credit Reporting
No
Customer Statements
No
Document Management
No
Electronic Applications
No
Government Loans
No
Loan Origination
No
Loan Servicing
No
Pipeline Management
No
Pre-Qualification
No
Refinance Management
No
Residential Mortgages
No
Product Features
Loan Origination
Amortization Schedule
Yes
Audit Trail
Yes
Closing Documents
No
Compliance Management
No
Customer Database
Yes
Digital Signature
Yes
Document Management
No
Fee Management
Yes
Loan Processing
Yes
Online Application
Yes