Loan Origination Solution

ABLE Origination platform automates the lending process from A to Z. Ideal for banks and alternative lenders alike, for consumer and SME lending.

ADVANTAGES

ABLE Origination in action

ABLE Origination platform automates the entire loan origination process front-to-back. The solution can operate with little to no human interaction and provide personalised offers based on 360° customer view. Maximize portfolio revenue, while providing unparalleled customer experience.

Speed

<15 min

from application to disbursement

Time to Market

Months

minimal implementation period

Efficiency

x 7

growth of productivity

Flexibility

100%

customisable platform

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ALL TYPES OF LOANS

Trusted by banks and private lenders

ABLE Platform covers the needs of bank loan software, cash loan software, installment loan software, personal loan software, small loan software, and more. Tier 1 and Tier 2 banks and microfinance institutions use our solutions to ensure a continuous and high-quality lending process.

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ABOUT ABLE

Loan Application Processing Software

ABLE Origination solution has a modular basis and is highly configurable yet scalable to business requirements. The system automates the lending process at all stages:

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  • Omnichannel application initiation

  • Data validation, integration with external data sources

  • Instant application decision and personalised offers

  • Debt consolidation, restructuring and customer negotiation capabilities

  • Loan disbursement automation

TYPES OF PRODUCTS

A credit origination solution for any product type

Retail loans
  • Cash loans

  • Credit cards

  • Refinancing

  • POS-loans

  • Mortgages

  • Auto-loans, etc.

Commercial loans
  • SME and entrepreneur financing

  • Investment lending

  • Credit lines

  • Overdraft

  • Leasing

  • Factoring, etc.

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FEATURES

The agile platform for future growth

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Powerful preconfigured features

  • Web forms for loan application data capture, verification and underwriting, credit committee

  • Extensible status model of the application, 15 statuses to be used out-of-the-box

  • Role-based access model, 400+ pre-configured permissions and 15+ roles 

  • Print form templates based on MS Excel

  • Administration, logging and audit functionality

Configurable Product catalog

  • For Retail, SME and Microfinance business lines

  • Flexible discounts and offer programs

  • Complex commissions calculations

  • Flexible collateral requirements 

  • Performance based pricing packages

Smart data capture

  • Online checks, auto-filling and masks

  • Background checks when submitting a form to the next step

  • Codebooks and search in the application history

Multichannel interaction with customers

  • WhatsApp, Facebook, Telegram, Viber, etc.

  • Chat bots

  • Two-way communication with a client

  • Flexible scenarios taking into account the last customer events

  • Universal API for integration of partner solutions

Personal offer calculation

  • Offer matrix calculation 

  • Selection and negotiation of loan terms with the client
  • 360° customer view for offer calculation
  • Restructuring and consolidation of loans

OCR and customer documents recognition

  • Recognition of fields containing personal information in ID

  • Scanning of photos, stamps, holographic images

  • Matching of recognized information with the client’s profile

Application document management

  • Required documents attachment checks at every step

  • Tags for saved documents

  • Integration with existing document management system if required

  • Webcam integration for seamless client photography

Integration with 3rd party data and service providers

  • Integration with credit bureaus, pension and tax authorities/agencies, AML/KYC services and other systems

  • Creation of a unified Credit report on the basis of reports from various bureaus and internal credit history

  • One page summary of various credit bureaus data

  • Caching of credit bureaus responses for cost optimization

Dashboards and analytical reporting

  • Extendable operational dashboards and analytical reports

  • Real-time information feeding 

  • Web-based OLAP analytical reporting

  • Capability to apply Machine Learning models for pre- and post-processing of reports

The platform endorsed by the market

  • Solution performance proven by performance tests and live implementations

  • Positive references about the platform and implementation team

  • Capabilities of HA/DR and horizontally scale based on RedHat-stack

Achieve great results in 12 weeks or less

Request a Demo
RISK DEPARTMENT

Smart application decisions. Personalised offer for every client

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Capable of fully automated loan application decisions

  • Hard and soft eligibility rules for products, regions, client segments etc.

  • Credibility and affordability estimation for applicants and related parties

  • Calculation of verification level, recommendations for underwriting and Credit committee involvement

  • Decision engine can be used for online and batch decisioning

Personal offer calculation based on client’s risk level

  • Risk based offer matrix calculation

  • Credit limit matrix calculation based on estimated risk level and lifetime value of the client

  • Different offers for various proof of income and employment

  • Integration with internal or external Product catalog

Visual UI for rules configuration

  • All decision components are 100% visual (scripts are also available but not necessary)

  • Rule configuration assumes Business and Risk team users with no IT team involvement

  • Online validation of new changes

  • Work groups support

  • Versioning, release management capabilities

Scorecards of any complexity, Machine Learning models

  • Unlimited number of scorecards and model versions

  • ML model support as separate components and as Python scripts

  • Import of any models supported by PMML standard

  • Dual-scorecard and multi-scorecard matrixes and models

360°Customer View for application decisions

  • Application data enrichment from internal and external data sources

  • Data enrichment calls directly from decision flow

  • Risk-based pricing, LTV-based pricing

  • Behaviour-based and Event-based pricing

Powerful validation and testing, optimal decision strategy calculation

  • Online and batch testing of changes

  • Champion-challenger capabilities

  • Scenario analysis, what-if analysis at portfolio level

  • Decision modelling and optimisation capabilities

Analytical reporting for loan portfolio and models stability

  • Multi-dimensional reports based on OLAP 

  • Efficiency analysis for decision strategies and models, including Champion-challenger set-up

  • Population stability analysis

Recent projects

We have successfully delivered over 65 projects in lending and banking process automation. Some of them are under NDA, though some we are glad to share with you.

Loan origination

Lending Platform improved loan origination process

Scoring

Hosting scorecards without the Bank’s IT department

Early Warning

Early Warning System for the Retail Commercial Bank

Collection

Soft-collection Remastering in a Bank

FAQ

What is a loan origination system?

LOS is a combination of digital tools or software solutions for the automation of loan origination workflows at banks or other financial institutions. A loan origination system is used to streamline and manage the lending process end-to-end—from the loan application, through to the underwriting check, approval, processing documentation, pricing, fund disbursement, and administration.

How does the loan origination system ABLE work?

The modular basis of the ABLE Origination solution makes it highly scalable and configurable to any business requirement. The deployed system streamlines and automates all stages of the lending process due to its core features, for example processing data from any sources, the omnichannel initiation of the system, debt processing, and automated loan disbursal.

What is the loan origination system in mortgages?

The leveraging of LOS in mortgage lending today is the result of strict and intensive regulations of the business environment. Mortgage loan origination system enable end-to-end automation of the lending process with multi-channel support and full compliance.

What are the different types of loan origination systems?

Basically, there are no specific types of LOS. A robust loan origination system has all the necessary components and modules to automate the process of lending independent of loan, customer, or financial institution type. The modules can be either used separately or altogether, ensuring a smooth customer experience and seamless, timely loan origination and servicing.

Which software does a loan processor ABLE Origination use?

The ABLE Origination software solution uses Open Source technologies and is based on a Java/RedHat stack.

What is a loan operating system?

Loan operating systems are digital tools for the overall enhancement of the lending process from loan application processing to fund disbursement. This enhancement is achieved by leveraging a top-notch technological stack, such as open banking, cloud technologies, artificial intelligence (AI), machine learning (ML), etc.


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