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Description
Monsoon utilizes advanced machine learning-based underwriting models to uncover ongoing trends that allow for the prediction of future repayment behaviors based on extensive borrower data, which includes credit bureau information, bank statements, demographics, location data, and, when available, alternative data sources. These identified trends are distinct for each lender, reflecting their specific methods in borrower sourcing, underwriting processes, and collection strategies. The machine learning system continuously “learns” from the historical portfolio and application-level data of each lender, integrating this with repayment data for every borrower within that portfolio. Monsoon CreditTech’s innovative technology is currently employed by 24 lenders who operate across diverse portfolios in both Retail and MSME lending sectors. In the Retail lending space, various loan products are supported, including Consumer Durable loans, Personal loans, loans for Four or Two-Wheelers, Home loans, and Credit Cards, thus catering to a wide array of borrower needs and financial situations. This adaptability in product offerings allows lenders to better serve their clientele while minimizing risk and optimizing repayment efficiency.
Description
Empower your business with the agility and innovation needed to remain prepared for the future by adopting loan origination solutions that utilize our low-code digital automation platform. Take advantage of versatile lending solutions designed to accommodate various loan types, such as retail, SME, commercial, and SBA loans. Additionally, ensure adherence to regulatory standards and enhance your lending workflows by eliminating operational barriers and harmonizing your front and back offices. Access the eBook to uncover the five indicators that your loan origination process may be causing delays. You will also discover strategies to address the challenges that impede your lending efficiency and revolutionize the process. This includes provisions for all types of loans, comprehensive portfolio monitoring and analysis, intelligent underwriting and risk assessment, management of leads and customer relationships, integrated loan closing, swift loan origination and renewal, and 360-degree visibility into operations. By adopting these solutions, you can significantly enhance your overall lending success.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Monsoon CreditTech Technologies
Website
monsoonfintech.com/products/
Vendor Details
Company Name
Newgen Software
Founded
1992
Country
United States
Website
newgensoft.com/solutions/industries/financial-institutions/lending-loan-origination/
Product Features
Insurance Underwriting and Rating
Broker / Agent Portal
Carrier Upload
Commercial Lines
Comparative Insurance Rating
Customer Portal
For Casualty Insurance
For Health / Medical Insurance
For Life Insurance
For Personal Insurance
Multi-State
Multiple Line Rating
Loan Origination
Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application
Product Features
Loan Origination
Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application