- January 30, 2023
- Posted by: Đào Nhật Minh
- Category: Technology news
Integrated with Smart RM, Smart LOS is a time-saving, simple-to-manage, high-security solution that enhances the bank’s loan processing efficiency and quality.
WHAT IS SMART LOS?
The Loan Origination System (LOS) is a banking industry management solution that aids banks in expediting and accurately processing relevant loan application documents and shortening customer service times.
Hyperlogy has integrated the LOS system into Smart RM products to provide banks with the best possible performance when implementing Smart RM solutions. This is done in recognition of the outstanding advantages that LOS provides to banks.
The advantages of combining Smart RM and Smart LOS
Time Saving
When performing loan operations manually in a bank, customers will need to devote a significant amount of time to transactions and the completion of numerous forms. To serve a customer, the cashier must also put in a lot of effort.
As a result, Smart RM’s system-integrated LOS loan origination and approval solution has improved this issue to reduce transaction times by incorporating cutting-edge technology. Digital imaging technology and LOS will control and monitor the entire loan processing process to help reduce the likelihood of errors, delays, and inefficiencies in document processing.
Effective management
Businesses can also use the automation feature of LOS to handle all aspects of the credit business process, including creating customer profiles, approving loans, creating credit contracts, disbursing funds, and managing disbursements. Because LOS will be identical to the general system once it is installed, banks can easily monitor every step it takes on their system, making it easier for leaders to manage and optimize applications.
Easily manage from loan origination to completion of the loan process through 04 steps including:
Step 1: Originate loan
Step 2: Evaluate Property
Step 3: Appraise (approval) the loan
Step 4: Make draft and disbursement
Improving loan processing quality
Modern cloud computing safeguards system-stored data with high levels of security. As a result, LOS is a method that enables banks to incorporate it into their operating systems.
The integration of LOS into Smart RM enables the system to uniformly track a customer’s loan from the time they contact the company to its completion. At that point, the bank is able to process the customer’s loan documents, including the loan file, quickly and accurately, offering the customer a banking experience that is both convenient and efficient.