Loan Management Software
The ultimate lending experience
fast, secure, intuitive
Deliver frictionless loan services to your customers
The ultimate lending experience
Inquiry and lead management
LOS simplifies the lead inquiry approach and enables easy tracking and communication. It also streamlines the selection of eligible leads for further processing.
Digital application processing
The system allows users to apply for loans digitally, be it personal loans, mortgages, or business financing. For lenders, it reduces administrative burden and manual paperwork, minimizes error, and accelerates loan decisions
Integration capabilities
The loan origination system integrates with external systems and data sources, such as credit bureaus and core banking systems. It also works with third-party tools to enhance data accessibility and process efficiency.
Decision-based engine
It deploys advanced technologies to evaluate loan eligibility, risk profiles, category, amount, interest rate, and task management. LOS can also leverage borrower profiles and set up loan terms to enable informed decisions.
Document management
LOS organizes and stores loan applications, verifications, identity documents, and supporting documents digitally as per regulatory requirements. The system auto-generates contracts and agreements and facilitates frictionless document retrieval and review.
Loan disbursement
LMS ensures efficient and transparent loan disbursement to borrowers, with loan status tracked in real time.
Loan servicing and management
It tracks the portfolio, loan performance, and repayments and identifies potential issues with late payments.
Collection management
The system automates collection management, including setting reminders for overdue payments and managing delinquent accounts.
Risk management
The system provides a customized dashboard for each applicant, including collateral mapping. It tracks possible defaulters and irregular loan repayment frequencies.
Regulatory and reporting tools
Salient features include real-time general ledger and accounting. The tools also help handle loan restructuring, write-offs, waive-off charges/penalties, regulatory reports, NPA management, lawsuit filing, and tracking.
More Features
Adaptable and efficient aspects of loan operations
Advanced screening capabilities
The system can identify, assess, and mitigate potential risks by streamlining operations like creditworthiness. It ensures that the system's complexity is independent of decision-making related to financial exposure.
Customer communication
The support services include, but are not limited to, message channels, dashboards, reports, and tasks. The dashboard notifies relevant entities about their assigned functions, ensuring smooth communication and task execution.
Reporting and analytics
Generates actionable insights into lending operations to drive a great user experience. Users can generate real-time reports, track key performance indicators, and leverage data-driven recommendations to optimize strategies and operations.
Limits and collaterals
Offers comprehensive tools to manage credit limits and collateral effectively. The system ensures compliance with lending policies, assesses collateral values, and monitors credit exposure to maintain a healthy loan portfolio and mitigate risks.
Automating underwriting
The system automates the underwriting process, including evaluating applicant creditworthiness and determining loan terms. It reduces manual intervention, speeds up approvals, and ensures consistency in decision-making.
Comprehensive custom dashboard
The system offers a comprehensive custom dashboard that consolidates all relevant data and metrics. The dashboard tab presents customized views to track performance, monitor KPIs, and gain real-time insights into business operations.
Frequently asked questions
Can MobiFin’s LOMS be easily customized to accommodate unique lending products and processes?
Yes, MobiFin ‘s LOMS is highly customizable and can be tailored to meet the specific needs of various loan products like personal loan, home loan, consumer loan, and business loan. Its flexibility allows lenders to configure different loan structures, risk assessment models, and pricing strategies. It is totally adaptable to evolving market conditions and borrower needs.
Does MobiFin‘s LOMS support open APIs to enable easy integration with other fintech solutions?
Yes, MobiFin’s LOMS provides open APIs, allowing for easy integration with internal and external systems such as credit bureaus, core banking systems, and third-party data sources, for improved data accuracy and process efficiency.
How does your LOS help ensure compliance during loan origination?
Our LOS integrates regulatory requirements into workflows, reducing errors and ensuring adherence to legal guidelines throughout the process.
Does your LOMS offer end-to-end automation for lending processes?
Yes, we offer comprehensive workflow automation, streamlining your entire lending process from prospecting to servicing. You can design, deploy, execute, track, and administer your business processes, ensuring efficiency and reducing manual errors throughout the loan lifecycle.
Does MobiFin LOMS help manage regulatory reporting and audits?
Yes, MobiFin LOMS provides tools to streamline regulatory reporting and generate the necessary reports and documentation for audits.
Does MobiFin LOMS feature tools for managing loan portfolios and monitoring risk exposure?
Yes, MobiFin LOMS provides robust portfolio management capabilities, including tools for tracking loan performance, analyzing risk exposure, and identifying potential problem loans. Lenders can use these features to proactively manage their loan portfolios and mitigate risks.
Can terms and conditions be customized for each product and lead?
Yes, terms and conditions, negotiation and approval functionality can be customized on a per-product and per-lead basis.
Do you have credit risk assessment and scoring models support in your LOMS?
Yes, our LOMS integrates with credit bureaus and offers built-in credit scoring models to help you evaluate the creditworthiness of loan applicants. It provides comprehensive credit reports, risk assessments, and decision-support tools.
How does your LOMS platform ensure data security and compliance with regulations?
Our LOMS platform is designed with data security and compliance as top priorities. We adhere to industry regulations and offer in-built modules that generate regulatory and audit reports tailored to your specific requirements.
Does MobiFin offer cloud-based deployment options for its LOMS solution?
Yes, MobiFin offers both on-premises and cloud-based deployment options for its LOMS solution, providing flexibility and quick scalability.
