Monsoon CreditTech 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.

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Company Details

Company:
Monsoon CreditTech Technologies
Website:
monsoonfintech.com/products/

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Monsoon CreditTech Screenshot 1
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Product Details

Platforms
Web-Based
Types of Training
Training Docs

Monsoon CreditTech Features and Options

Insurance Underwriting and Rating Software

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 Software

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

Monsoon CreditTech User Reviews

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