In almost all banking applications used by co-operative banks, Lending Process starts with Loan Account Opening. A good ‘Loan Origination System’ with end-to-end automation solution to automate the Loan Origination Process which results into approval of loans is not yet available to co-operative banks.
Today, the co-operative banks are ample funds for lending BUT the biggest challenge is to find a genuine loan customer. The financial position of bank is greatly affected turning of loans into bad loans. The inability of bank to screen out bad customers is mostly due to un-organised and non-automated loan approval process.
A good ‘Loan Origination System’ shall ensure uniformity and operational efficiency in Loan Approval Process. It shall facilitate:
LOS shall ensure business benefits to bank by reducing TAT which is essential for acquiring better loan applicants AND reducing the risk of bad loans and better recovery prospects.
Trust Systems & Software offers full-fledged online, browser based Loan Origination System assuring all above technology, operational and business benefits to the co-operative banks. For online demonstration and pricing of TrustLOS system, pls request a call back with TrustBankCBS Presales team.