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  • Smart Lending

    End to End Loan Origination Solution

Overview - Loan Origination Solution

Loan Origination System is developed specially to support the loan application processing needs of banks and financial institutions. The process of issuing a loan involves a series of steps right from acquiring a borrower, to processing their information, to vetting their credit standing, documentation and then finally either approval and disbursal of funds or disapproving the loan.

Nelito's loan origination solutions (LOS) can streamline all these processes offering a comprehensive solution to loan origination requirements while improving efficiency, mitigating risks and improving borrower relationships. Our Loan Origination Software provides banks complete front and back office processing functionality.

Nelito's Loan Origination Solution helps streamline the lending operations and strengthen your customer relationships.

The solution is adaptable, agile and offers an enterprise class origination platform that is responsive to changing business needs in loans. It assists banks to meet service levels without conceding on cost and become more agile to be competitive, thus delivering significant return-on-investment. Financial institutions can deliver instant, automated decisions to applicants from any origination channel due to powerful decisioning, dynamic features, extensive third-party integrations and highly customizable applications.

Thus Nelito equips you with all the tools required to ensure customer satisfaction – new competitive loan products, reduced processing time and faster disbursal while at the same time optimizing the bank's profit margins with improved efficiency, better credit analysis and reduced defects on loans.

Key Features

  • Built-in Configurable Workflows
  • Built-in Credit Scoring
  • Built-in Configurable Business Rule Engine (BRE)
  • 360-degree view of borrower / Loan application
  • Soft approval through STP Process engine
  • Role specific dashboards
  • Analysis by Credit Application Review Technique (CART) and Credit Risk Assessment Module (CRAM) Technique

Benefits

  • Faster processing of the loan origination cycle right from lead management to closing
  • Better customer service due to faster response time, multichannel communication systems
  • Real time monitoring of loan process
  • Greater transparency within the organization
  • Improved flexibility to introduce new loan products compliant with regulator guidelines
  • Greatly reduced defaults ensuring optimum returns

Process of Loan Origination Solution

As one of the chosen solution for automation of the Loan Origination process, Nelito's Loan origination solution helps whether you are a Bank, NBFC, credit union, Microfinance company or a financial institution. The LOS helps in automating loan origination cycle starting from Lead generation to Customer On Boarding. Below is the loan origination process flow

Loan Origination Activities

Testimonials

  • The project headed by Mr. Prashant Hedge & team have put their good efforts in Implementing new ASP software successfully which is as per our satisfaction.

    Maheshwari ( IT Head )Vikramaditya Nagrik Sahakari Bank Ltd

  • We have successfully made Nelito's Fincraft Software for NBFC live in early March for LOS,LMS and Sanjiv Khalkho, Arijit Chakraborty with his team have been very instrumental in making this software live . I would like to appreciate on the turnaround time during the go live phase of the team in getting some of our key requirements done and helping our users to use the software for recording and disbursing all the sales from the software.
    In technology side I would like to praise Pramod Navale and Ganesh Khetmalis for in depth knowledge of the product and their technical skills is outstanding. Looking forward for the continued relationship for our next release and whole of 2018.

    Prateek P Katyal ( CTO )WheelsEMI Pvt. Ltd

  • Our bank is using Fincraft, CBS of Nelito system since 2011. The application is functionally rich & user friendly and easy to navigate. The convenience of integrating other supporting applications of Nelito CTS, NEFT, RTGS, HO Module (share), Loan Origination, Internet Banking etc. helped us in smooth automation of various banking operations. We are very much thankful for providing such a good technology of coop banking sector and hope better performance in coming days. Wish You All the Best.

    Gunvantbhai Shah (Vice Chairman)Mahudha Nagrik Sahakari Bank

  • "Nelito has Good knowledge of industry. Good customer orientation. They were Flexible and Open to new ideas and suggestions."

    Mr. Ratheesh K. BharathanExec. Vice President & Co- Founder

  • "The best mix of functionality and technological support and our vision of "Cash Less and Paper Less" work environment for Sonata has come true with our technological partner Nelito. I highly recommend FinCraft Core Microfinance platform and especially integrations with a number of third party services."

    IT HeadSonata Finance Pvt. Ltd.

  • Overall we are happy with the services provided by Nelito. The implementation team is sensitive to our support requirements and does a good job.

    Vinayak Khadye (Chief Digital Officer)Finanzmart Services Pvt Ltd

  • For a Bank of our size, this system suffices and is very cost effective. Almost all of the bank's activities run on the one system. Nelito constitutes a partner more than a supplier and the relationship includes provision of the bank's underlying technology as well as its Fincraft range of applications.

    ChairmanThe Nainital Bank Ltd.

Happy Clients

  • Manappuram finance ltd.
  • Morgenall technologies
  • Tripoli Management pvt. Ltd.
  • Wheels EMI logo
  • Sonata logo
  • Finanzmart pvt ltd
  • Navrathna housing finance limited
  • the sutex co-op bank ltd
  • The Nainital Bank Ltd.
  • Citizencredit co-op Bank Ltd
  • Akola district central co-op bank
  • Solapur janata sahakari bank ltd.
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