The Loan Management System helps automate the servicing and management of multiple lending portfolios on a single platform. The solution provides a comprehensive set of best practice processes in lending and credit risk that will facilitate the loan process from customer acquisition to loan payoff.
Key Features of Loan Management
There are some key features of the Loan management. Among the prime ones are:
- Payment collection
- Contract management
- Entity Management
- Finance remittance facility
- Extensive reporting
- Managing information for a wide variety
- Facility to direct debit handling
- Direct Functionality of credit
- Data Integrity and Security
- Automation
- Improved Customer Experience
- 24X7 access to all your employees
- Better Collaboration
- Analytics integration
Benefits of loan management:
- Online software with web access
- Shorter Loan processing time
- Alerts regarding payments that are due
- Document centralization and management
- Online loan status tracking
- Minimization of human error
