AppSmart Loan Origination Software logo

Loan Origination Software

AppSmart is a digital loan origination and workflow system which facilitates the on-boarding of new customer across multiple channels. AppSmart’s high degree of automation enables credit managers to become more risk intelligent.

AppSmart interface on mobile device and tablet

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 an 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.

Simplify your account origination process

Contact us to schedule a demo and discuss how AppSmart can streamline your loan origination process.

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EXAMPLE OF A 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

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

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

CREDIT 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

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

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

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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