Commercial Loan Support System for Loan Originators & Brokers
Collect Borrower Information, Generate Offer,
Get e-Signature & Create Credit Papers in 5 minutes
Customer Onboarding for Loan Originators & Brokers
Collect Borrower Information, Generate Offer, Get e -Signature & Create Credit Papers in 5 minutes
Case Study: Acumen Finance, Australia
A leading finance broker and non-bank lender
The solution we engineered
With an integrated cloud native ecosystem, we were able to amalgamate various functions into one single solution that is scalable, reliable, and most importantly, secure.
With a fully automated solution, what usually took days is now processed in minutes
How you can benefit with this system
Cost Reduction
Significantly reduce legal and credit specialist fees from the time saved with auto generated documents.
Execution Speed
What used to take 3 or 5 days is now reduced to 5 minutes or 4 hours depending on case complexity.
Data Accuracy
A robust data collection system eliminated incomplete application data and repeated back and forth communications.
Automation Efficiency
Automation enables a work force to focus on more critical, client-facing tasks than repeated and menial operations.
Litigation Support
Rest easy knowing that you have complete documentation and an audit log available, in the event that it is needed.
Increased Conversions
Close more clients when prospects know that the loan processing can be completed quickly within a day.
The loan application process
The sales process begins here with the loan application form.
Collect Data
Generate Proposal
Generate Credit Paper
Collect Data
Generate Proposal
Generate Credit Paper
Customer's Confirmation Email
Customers will immediately receive an automated confirmation email after a loan application form submission with the following PDF documents:
Successful Loan Application Email
A second email is sent concurrently to the principal with the following auto generated documents in its final format:
- Loan Application Details
- Loan Application Summary
- Client’s Credit Summary
- Terms & Conditions (DOC & PDF)
Contact us and let’s explore how we can do the same for your business.
With multiple third-party systems that weren't fully integrated, Acumen Finance faced these major drawbacks:
Partial Automation
Manual processes were still required to create credit documentation from the loan application data received.
Incomplete Data
Repeated contact with loan applicants over the phone were common as a result of incomplete data or documentation.
Avoidable Cost
Manual preparation of loan application documents incurred legal and credit specialist fees that could have been avoided.
Sluggish Turnaround
Due to the menial and complex process it took up to 5 days to process a single loan application.