Loan Origination Management

Overview

Loan origination is a process that previously was difficult to track and manage due to the various steps and systems involved. This solution centralizes the entire process while using Appian's document management system to provide clear insight into the status of all required documentation necessary to push the loan origination process forward. Approvals are streamlined and audited, ensuring a smooth and traceable workflow from start to finish.

Key Features & Functionality

• Step-by-step loan application wizard, using intuitive and user-friendly interfaces
• Ability to create customized loan application wizards and workflows by loan type, as different loan types go through different data collection and approval processes
• Manages different types of documentation in a centralized and organized place for all loan applications
• Provides visibility into individual loan applications, displaying all application data in one centralized location with information that is filterable by the most relevant fields
• Easily track the status of all applications as well as the anticipated timeline for completion
• Streamlined workflow to follow the loan process, including multiple levels of approval
• Facilitates loan editing process throughout the life of the loan application
• Financial breakdown, including terms and payment details, for all applications
• Intuitive task management for all relevant users
• Interfaces and branding can be easily modified to meet different branding requirements
• Reports are available to provide aggregate loan application data

Benefits & Business Impact

LOM provides a solution to centralize loan origination data in one user-friendly location, providing visibility and transparency into the process. Access aggregated data using reports to get insights and prepare next actions.