Digital application
Web and mobile forms, partner and broker channels, document upload and consents.
Loan origination software
In short
Loan origination software (LOS) manages everything from the first application to the signed contract: data capture, identity and anti-money-laundering checks, income and affordability verification, scoring, decision, offer and e-signature. Finsora automates routine applications end to end and routes exceptions to underwriters, so good customers get an answer in minutes.
Updated:
Loan origination software
Key features
KYC and AML checks
Identity verification, sanctions and PEP screening via connected providers.
Affordability and scoring
Open banking income data, credit bureau data and configurable scorecards.
Decision engine
Automatic approve, decline or refer, with reasons recorded for every decision.
Offer and e-signature
Personalised offer, pre-contractual information and remote contract signing.
Who it's for
Who it's for
- Lenders with high application volumes
- Teams with manual underwriting bottlenecks
- Brokers and partner channels
- Lenders entering new markets
Capabilities and integrations
- Web and mobile forms
- KYC / AML providers
- Open banking
- Credit bureaus
- Decision engine
- E-signature
- Broker API
How implementation works
How implementation works
01
Journey design
Application steps, data sources and decision rules.
02
Provider connections
KYC, AML, credit bureau and open banking providers connected.
03
Rule testing
Decision rules tested on historical or sample applications.
04
Launch and tuning
Go-live, monitoring of approval rates and rule tuning.
Loan origination software
Frequently asked questions
What is loan origination software?
It is software that manages the loan application process from data capture and checks to the credit decision, offer and signed contract.
Can decisions be fully automated?
Yes, for applications that meet your rules. Others are referred to an underwriter with all data and reasons in one place.
Which data sources can be connected?
Typically identity verification, sanctions and PEP screening, credit bureaus, open banking account data and internal blacklists; providers are chosen per market.
Can brokers submit applications?
Yes. Partners and brokers can submit applications via a portal or API with their own access rights.
Related solutions
Demo
See it on your use case
Request a demo – we reply within 1 business day.
- Fast to launch
- Configurable, not rigid
- Your brand
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