Loan Origination Software

AppSmart is a loan orignination software system that automates the originations and credit-risk evaluation of individual consumer loan applications. AppSmart’s high degree of automation enables credit managers to become more risk intelligent.

Fast and efficient Loan Origination

Designed to deliver the most efficient loan origination process by evaluating an applicant’s expectant payment performance, thus reducing the amount of applications for referral.

AppSmart processes transactions in real-time and uses internal workflow for managing accounts.

Workflow system facilitates business in developing and maintaining policies, practices and procedures that define the complex business strategies used in application originations.

WHY CHOOSE APPSMART?

AUTOMATED DECISIONS

Automated decisions simplify the account origination process and enable real time application originations and risk decisions.

RISK BASED PRICING SYSTEM

A risk-based pricing system that offers configurable price and fee set definitions by product

INTEGRATION AND INTERFACING

Developed using industry-standard software development and database tools, languages and technology. Can be easily interfaced to any host (core) software system. Provides user-configurable and flexible scorecards, characteristic definitions and scorecard assignments

APPLICATION FRAUD PREVENTION

Offers storage and retrieval of fraudulent information, including online capture or bulk load of fraudulent data via XML

STANDARD FLOW

Check out a typical loan application process flow managed through AppSmartDiagram of AppSmart's standard application processing flow

KEY FEATURES

AppSmart is a modular loan origination system that automates the origination and risk evaluation of credit applications captured via a web based interface.  Key features include:

AUTOMATED DECISIONING
based on determined strategies (driven by policy rules), application scorecards, credit bureau data and scores

INTEGRATED APPLICATION SCORING SYSTEM
providing user configurable and flexible scorecard and characteristic definitions and scorecard assignment

RISK BASED PRICING SYSTEM
that offers configurable price and fee set definitions by product

DATA VALIDATION RULES AND WORK QUEUES
configured and defined at delivery ensure correct, useful and meaningful data.

PRE-CONFIGURED INDUSTRY BEST PRACTICE 
workflows, calculation fields, reporting and policy rules

RISK-BASED PRICING SYSTEM
with configurable price and fee set definitions by sub-product to calculate applicant affordability

DECISION TREE ASSIGNMENT
for risk-based lending enabling assessment of applications and administration of appropriate risk rating parameters combined with credit bureau scores to automatically decision applications

SCORING
integrated scoring engine with flexible scorecard assignment capabilities. An unlimited number of scorecards can be installed, each with different characteristics, attributes and values.

SUPPORT OF MULTIPLE CHANNELS
mobile, terminal, tablet and online

APPLICATION FRAUD PREVENTION SYSTEM
offering storage and retrieval of fraudulent information as well as online capture or bulk load of fraudulent data via XML

SECURITY MAINTENANCE
to allow for roles and permissions to be defined for individual users and user groups

ACCESS LEVELS
to specific work queues

PRODUCT MAINTENANCE
provides ability to capture product details, associated loan type, scorecards, evaluation cut-off and interest rate models per product

INTERFACES WITH EXTERNAL AND INTERNAL DATA SOURCES
such as account processing systems, credit bureau and fulfilment agents (e.g. letters and SMS).

 

APPSMART INSTALLATIONS

A couple of the companies using AppSmart to streamline their loan origination process.

Majid-Al-Futtaim-logo

American-Express-logo

multichoice-logo

Al-Jabr-Group-logo

BENEFITS

MINIMAL RELIANCE ON INFRASTRUCTURE AND IT

Web-based hosted system and ease of use put the power of implementing and executing a decision in the hands of the business

CUSTOMISABLE

New products and policy rules can be defined, business rules and decision strategies can be modified for immediate implementation to deliver a tailored solution.

VERSATILE

Can be used for a variety of credit products, presentation can be modified to meet specific needs.

INCREASED EFFICIENCY

Application workflow reduces application processing time by enabling automated decisions through a robust decision engine

CONSISTENT DECISIONS

Enforced through the use of configurable decision elements, such as scorecards, decision tables, and policy rules.

EFFECTIVE TRACKING

Reporting of all applications across workflow status, ensuring that all in progress cases are visible.

LOAN ORIGINATION SYSTEM DEMO

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