Simplified Loan Origination Software only by Jaguar!

Loan Origination is a solution to support the loan application process starting from the time of Lead generation to Disbursement. These steps include obtaining a borrower, processing their data, accessing their credit score, documentation(deciding factor for approval) post which the loan gets disbursed.

Simplified loan origination provides Flexible BPM and covers the entire workflow.

 

Customer deduping:

Loan Origination is a solution to support the loan application process starting from the time of Lead generation to Disbursement. These steps include obtaining a borrower, processing their data, accessing their credit score, documentation(deciding factor for approval) post which the loan gets disbursed.

 

Customer KYC:

Unique documents such as PAN card and Adhaar Card (eKYC) uploads are made mandatory in each of the loan application processes. As a process of verification, there is field verification wherein a loan verification personnel visits the residence to check the authenticity of the borrower.

 

Roadmap:

In these pandemic times, Our struggles to keep the no contact loan origination process has been persistent. We look forward to having Video KYC & Contactless lending as a part of our Loan Origination system in the near future. This takes the Loan Management Process to an all new level of digitalization.

 

Credit Score:

A credit score shall be obtained from credit agency thru API. There could be various factors that determine the credit scores. The credit agency checks the thoroughness before providing the credit score.

Following is as per BPM WorkFlow- Jaguar facilitates you to customize as per your requirement.

 

1. Loan Application Processing :

Besides, to ensure due diligence is done to ensure it is the same person and rule off any chance of fraud.

  1. a telephonic verification (TVR).
  2. Personal Discussion (PD)
  3. Field verification with neighbors and kirana shops around the area.
  4. Title search- whether the property is in the person’s name and ,/li>
  5. valuation of property.

2. Valuation Allocation/ Report:

The property/asset valuation is done to ensure the legitimacy of the property. This runs deep down to understand how the person has obtained the asset and if other liabilities exists.

3. Customer ScoreCard:

A scorecard helps the loan origination process in deciding the applicant affordability. It also projects the potential future profitability. The scorecard rates are applicant dependent and vary from person to person.There are factors such as age, vocation, current salary that determine the scorecard of a customer. Depending on these factors- LTV- loan to value, LCD, FOIR, credit score, social score, are determined. Higher the score means the lower levels of risk estimated, therefore higher the chance of obtaining a loan.

4. Rules Engine:

Jaguar Software’s loan origination process makes use of Rules Engine- a pragmatic software system that can understand, execute one or more business rules. These rules could be legal regulations, company policy, and process management. This proves to be a central ground of data sorting, retrieval, and separation. A speed and scalable tool that can understand data in the loan origination process especially for the NBFC.

5. Financial Analysis

The process of estimating and assessing businesses, projects, budgets, and finance-related transactions to check the capability for loan repayment is called Financial analysis. With a Loan Management software like Jaguar 360, we analyze whether an entity is stable or profitable to justify a monetary investment.

6. Valuation Allocation/ Report

Post Analysis, the valuation report is easily obtained. This quick valuation process quickens the process of loan origination and makes it a Smart lending process.

A. Eligible Loan Amount

  • Income of the customer & family
  • Expenses of the family,
  • Net income available for EMI
  • Maximum loan amount eligibility as per financials
  • LTV value of maximum loan amount
  • Minimum of point 4 & 5 – will be the eligible loan amount

B. Subjective Analysis

Underwriting/ Credit Verification: Underwriting is the process which involves deciding whether or not to give loan: There is concurrent communication and the process moves to the credit dept. Communication between Credit & Branch is established through the process.

7. TAT & Escalations- with BPM workflow

Business process Management entails a series of constant communication that are to do with the loan origination process.

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