LENDING MANAGEMENT SERVICES
OMNIEnterprise™ Lending Management Solution, one of the flagship products in OMNIEnterprise Suite of Solutions.
Enterprise Solution to manage entire lifecycle of a loan covering origination, management, collateral management and collections & recovery
A modular yet integrated solution with Multi lingual, Multi currency support and real time processing to suit lending needs of any financing business
Compliance with Global Accounting standards as well as local regulations & norms
Mobility & Digital support through tablet based access, mobile app and self-service kiosks
The solution covers all business processes from loan origination to loan approval & management to collection and recovery thereby residing at all levels in the organization from front office to back office in the financial institution. The product has matured over the years and is geared to meet a financing institution’s functional requirements from the basic application processing to more complex process like credit scoring and handheld device interfaces.
The solution provides a modular yet integrated framework based on a service oriented architecture that suits the needs of all forms of lending organizations – banks, NBFCs, Finance Companies.
The solution assists banks, pure play finance companies and NBFCs, to manage the entire life cycle of a loan from origination through management, repayment, restructuring and recovery.
The solution has been architected using modular design, which allows choice of implementing the automation right from loan origination to management, collection and recovery.
Financial Institutions today need an end-to-end loan management system that is secure, scalable, flexible, and quick to implement to adapt to the consumer demand of fast and cost effective access to credit.
OMNIEnterprise Loan Management Solution initiates with setting up of diverse loan products and takes over the loan servicing processes once a loan has been approved. Seamless integration with our Loan Origination System helps improve the overall turnaround time across various channels and acts as a single system of record for all transactions, anytime, anywhere. Comprehensive and ready to use MIS reports covering every aspect of solution functionality and audit trail of transactions coupled with customized reports and dashboards based on user preference provide valuable insights. The solution can also be interfaced with third party report writing for generating ad-hoc reports to meet any type of reporting requirements.
OMNIEnterprise Loan Origination solution assists a financial enterprise to manage the entire loan origination workflow starting with on-boarding through application, appraisal and approval processes. The solution comes with a scalable BPM layer that enables financial enterprises to meet dynamic needs of their customers and evolving changes in financial markets. This has been made possible by architecting using modular design, thus also allowing implementation of Lending products for Retail and Corporate customers. A financial enterprise can configure wide range of Loan Products for Retail and Corporate clients – Project Finance, Term Loans, Working Loans, Packing credit, Export Loans, Import Loans, Overdraft, Cash Credit, Bank guarantee, Letter of Credit on the Corporate Lending side and Home Loans, Mortgage Loans, Vehicle Loans, Personal Loans on the Retail side.
LOAN COLLECTION & RECOVERY
Financial Institutions often struggle with managing collections since they have to follow up with borrowers for payments. Institutions will be best benefitted if an automated technology centric solution for automating and organizing their collection strategies that keeps track of the delinquencies and offers visibility in the process to shorten collections cycles and reduce overall cost & effort in managing collections is adopted.
OMNIEnterprise Loan Collection & Recovery solution is a customer centric workflow driven solution allowing institutions to manage and closely monitor delinquent loan accounts while automating the collections & recovery process. Our solution integrates with the loan management system and picks up non-performing loans. The data extraction process can be configured to apply criteria for moving the loans to collection & recovery process. The solution efficiently addresses optimization of collection processes, real-time view of recovery status and compliance with legal procedures of the country.